Abu Dhabi-headquartered Fuze has unveiled a record-breaking Seed Round of US$14 million, led by Further Ventures.
myZoi, an innovative UAE fintech focused on financial inclusion and financial literacy for the underbanked, has raised USD 14 million.
The UAE’s Network International has announced an investment of EGP1 billion to accelerate economic growth in Egypt with innovative payment solutions.
Dubai-based financial wellness platform MALY has secured investment exceeding $1.6 million to grow its automated savings app and its bank-linked card.
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 […]
Private wealth management platform Vault is set to revolutionize investment practices in the UAE through its state-of-the-art digital platform.