UAE data analytics company Qarar and US fintech Biz2X launch the first cloud-based SME lending platform in Saudi Arabia
Qarar and Biz2X have announced a strategic joint venture that aims to revolutionize the landscape of SME lending in Saudi Arabia.
Global fintech funding falls to US$52.4 billion, but it’s not all bad news: KPMG Pulse of Fintech – H1 2023
The first six months of 2023 were difficult for the fintech market globally, with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23. The cloud of uncertainty permeating the market continued to wear on investors, driven by factors including global macroeconomic concerns (high inflation and rising interest rates), geopolitical tensions (the ongoing conflict between Russia and the Ukraine), and tech sector challenges (depressed valuations and a continued lack of exits). The collapse of several US banks early in 2023 likely also kept many investors in wait and see mode during H1’23. But not […]
GBST strengthens commitment to Novia Global with contract renewal for leading wealth management platform, Composer
Global WealthTech company GBST has renewed its strategic partnership with Novia Global.
i2c expands Majid Al Futtaim partnership to launch SHAREPay Card and Mobile Wallet
i2c, a leading provider of digital payment and banking technology, has announced it has expanded its partnership with Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, and launch of a new payment solution – SHAREPay. This solution is part of Majid Al Futtaim’s SHARE rewards program, the region’s leading loyalty program, which enables its members to ‘Pay, Earn and Redeem’ points in just one tap. SHAREPay was recently awarded the most innovative card of the year at the Seamless Awards 2022, the leading awards for the payments, fintech, retail and e-commerce industry. Powered by i2c’s next-gen SaaS platform, SHAREPay […]
Ajman Bank signs partnership agreement with UAE fintech VaultsPay
UAE Shariah compliant bank Ajman Bank has signed a partnership agreement with UAE fintech company VaultsPay.
MoneyGram announces partnership and investment in UAE fintech Jingle Pay
MoneyGram and Jingle Pay have announced a partnership to enable convenient and fast global money transfers through the Jingle Pay app.
Verity launches UAE’s first family banking app and cards for kids and teens
Verity has officially launched the first family banking and financial literacy app, with prepaid cards for children.
eToro receives In-Principle Approval to operate as an investment broker through the Abu Dhabi Global Market
Social investing network eToro has received an In-Principle Approval to operate as an investment broker in Abu Dhabi.
