The 2023 UAE FinTech news headlines
January
- UAE social investing startup InvestSky launches following a $3.4 million pre-seed fundraise
- UAE fintech Alaan raises $4.5 million in a pre-Series A round
- MENA fintech Tabby raises $58 million Series C from Sequoia Capital India, STV and PayPal Ventures
February
March
- UAE payments fintech Qlub closes $25 million funding round
- Fintech startup Sav raises USD 750,000 in pre-seed round to revolutionize personal savings
- UAE-based fintech Credable closes $2.5 million Seed round led by Ventures Platform and Acasia Ventures
May
- Open Banking platform Tarabut Gateway raises US$32 million in Series A round
- UAE FinTech attends Seamless Middle East 2023
- Tabby closes new financing, upsizes warehouse debt facility to AED1.285 billion
June
- Bybit deepens UAE roots with AED1 million scholarship at American University of Sharjah
- Chimera supports UAE fintech Tabby with $50 million debt financing
July
August
- Equiti named Broker of the Year – Middle East at the FinanceFeeds Awards 2023
- MBME Group reports AED487 million net profit for first half of 2023
- UAE financial wellness platform MALY closes pre-seed funding round over $1.6 million
- Network International to invest EGP1 billion in Egypt to grow digital payments
September
- UAE fintech myZoi raises US$14 million to bolster financial inclusion
- Abu Dhabi fintech Fuze raises US$14m seed investment in a round led by Further Ventures
- CCAvenue.ae crosses AED 1 billion transactions per month milestone
October
November
- UAE’s investment technology sector to grow by 2.5 times by the end of 2025
- UAE-based fintech Flow48 has raised $25 million in pre-Series A funding
- In AI Today launches! Your new #1 source of global AI news
December
