UAE fintech Fortis closes $20 million Series A funding round led by Opportunity Venture
Fortis recently announced the successful closure of its Series A funding round, securing $20 million led by Opportunity Venture.
Kaskade Finance closes oversubscribed Pre-Seed funding round
Kaskade Finance, a gamified incentivization layer protocol, have announced the closure of its pre-seed funding round from over 40 investors.
UAE HR & Fintech startup RemotePass raises US$5.5 million in Series A funding
RemotePass, a UAE HR and Fintech platform, has secured USD$5.5 million in Series A funding.
Abu Dhabi fintech Fuze raises US$14m seed investment in a round led by Further Ventures
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 […]
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.
Open Banking platform Tarabut Gateway raises US$32 million in Series A round
MENA’s leading open banking platform, Tarabut Gateway, has announced the completion of a US$32 million Series A fundraise.
UAE fintech startup Wafeq raises $3 million seed round led by Raed Ventures
UAE fintech startup Wafeq has announced the completion of its US$3 million seed round led by Raed Ventures.
