UAE financial wellness platform MALY closes pre-seed funding round over $1.6 million
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 […]
Vault set to revolutionize investment practices in the UAE with new digital platform
Private wealth management platform Vault is set to revolutionize investment practices in the UAE through its state-of-the-art digital platform.
StashAway boosts cash management returns in UAE, empowering clients to achieve their financial goals
StashAway has announced a significant increase in the projected rate of return for its cash management portfolio, StashAway Simple™, in the UAE.
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.
Pre-IPO stock specialist Stockify expands global reach with participation at Dubai Fintech Summit
Stockify Fintech, among the world’s largest providers of pre-IPO or unlisted stocks, stamped its global footprint at the recent Dubai Fintech Summit.
TWIG launches region’s first automated savings platform after securing investment and DFSA approval
DIFC-based TWIG launches region’s first automated savings platform after securing over USD 1 million in investment and DFSA approval.
e& enterprise takes majority in UAE fintech Beehive
e& enterprise is taking a majority stake in UAE fintech Beehive, the SME-focussed lending platform.
