Abu Dhabi-headquartered Fuze has unveiled a record-breaking Seed Round of US$14 million, led by Further Ventures.
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 […]
DIFC-based TWIG launches region’s first automated savings platform after securing over USD 1 million in investment and DFSA approval.
MENA’s leading open banking platform, Tarabut Gateway, has announced the completion of a US$32 million Series A fundraise.
InvestSky, a social investing platform for a new generation of retail investors across GCC, has raised $3.4 million in a pre-seed funding round led by Emkan Capital.
In a bid to further strengthen Abu Dhabi’s entrepreneurship ecosystem, Flat6Labs and Wio Bank have signed a Memorandum of Understanding.