Tag: Saudi Arabia

Mastercard, a global payment solutions leader, and Fundbot, a UAE-based FinTech specialising in supply chain financing, have partnered to accelerate B2B payment flows across various industries.

EdfaPay, a Riyadh-based FinTech platform redefining digital payments for small and medium-sized enterprises (SMEs) across the MENA region, has announced the successful closure of its $5m pre-Series A funding round.

Pemo, a leading Dubai-based spend management platform, recently announced securing $7m in Pre-Series A funding.

Manigo, a prominent London-based fintech infrastructure platform, today announced its acquisition by Invex Ventures, a seasoned investor in the FinTech sector.

Barq, a pioneering FinTech startup from Saudi Arabia, has joined forces with the global financial services giant, Mastercard.

Resal, the prominent Saudi Arabia-based e-gifting platform, has successfully raised $9m in a Series A funding round.

Najm for Insurance Services Company, a Saudi-based provider of comprehensive insurance solutions, has announced a new telematics initiative aimed at improving road safety across Saudi Arabia.

Comfi, a UAE-based FinTech company founded in 2023 by Alisher Akbarov, Amal Abdullaev, and Sanjar Samiev, has recently secured a substantial $5m debt facility from an undisclosed Abu Dhabi-based private family office.

Arat, the leading sukuk crowdfunding platform for SME real-estate developers in Saudi Arabia, has partnered with Moneythor, a global provider of personalised engagement and loyalty solutions, to enhance customer engagement and drive platform activation.

Key Middle East FinTech investment stats in Q1 2024: • FinTech deal activity in the Middle East reached 24 funding rounds in Q1 2024, a...