Tag: UAE

Yuze, a UAE-based FinTech focused on SMEs has successfully raised $30m in a funding round led by Osten Investments.

 Telr, an online payment gateway, has announced a strategic partnership with Mastercard.

Aleta Planet, a Singapore-based payments solutions provider, announced on Thursday a new investment from the United Arab Emirates' strategic management company National Pulse.

Mamo, a UAE-based FinTech startup, has successfully completed a new funding round, raising $3.4m.

The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.

Mashreq, a prominent financial institution in the MENA region, has recently introduced a cutting-edge API-enabled instant payments service for its corporate and institutional clients.

In a recent move that signals growth, Watch Your Health, a pioneering health-tech startup, has successfully raised $5m in a Series A investment round.

The United Arab Emirates (UAE) has made significant strides in its anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks.

Cadana, a global payroll technology company specialising in emerging markets, has announced it raised $7.4m in funding.

Huspy, a property technology company based in the UAE, has announced a new funding round led by Balderton Capital, with additional participation from existing investor Fifth Wall and other investors.