Startups

Shorooq and Emirates Growth Fund partner with FMSi to build a regional champion in fleet management solutions

Shorooq, the leading regional multi-strategy investment firm,and Emirates Growth Fund (EGF), the UAE's flagship AED 1 billion growth equity platform, today announced a strategic...

Tabby raises $233 million at $6.5 billion valuation

Tabby has raised $233 million at a $6.5 billion valuation, in an equity round led by Blue Pool Capital, with participation from existing shareholders...

Tarabut Secures US$50 Million in Strategic Financing to Deepen Its Focus on Saudi Arabia

Tarabut, the regulated infrastructure platform operating across Saudi Arabia, the UAE and Bahrain, announced US$50 million (SAR 187 million) in strategic financing from a...

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

Riyadh-based enterprise AI startup Gaia has raised $1.5 million in a pre-seed round led by SEEDRA Ventures, marking the company’s first disclosed financing. Founded by...

Mubadala Announces Significant Minority Investment in Luckin Coffee

Mubadala Investment Company, an Abu Dhabi-based global investor, announced that it has agreed to make a significant minority investment in Luckin Coffee Inc., alongside...

Cassbana secures Central Bank of Oman sandbox approval

Following regulatory progress in Egypt, the CBO approval marks another milestone in Cassbana’s ambition to build the MSME credit infrastructure layer across MENA Cairo /...

NymCard receives in-principle approval from CBUAE for Stored Value Facility licence

NymCard, a full-stack payments infrastructure company in MENA, has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Stored Value...

Daribatech Announces Strategic Partnership with Gateley Middle East to Support UAE E-invoicing Compliance

Dariba Technologies, a Dubai-based tax technology company and Accredited Service Provider (ASP) with the UAE Ministry of Finance, today announced a strategic partnership with...

Saudi Arabia’s PayTabs Group acquires Amazon Payments MENA for $100mln+

Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a transaction that would transfer Amazon's Middle East and North Africa payments operations...

Network International unlocks GCC-wide commerce through a single payment integration

Network International (Network), a leading fintech company across the Middle East and Africa, announced the launch of its regional acquiring capability that enables merchants...

Salla acquires Paylink to enhance the financial services ecosystem for merchants

"Salla", the leading Saudi platform in e-commerce solutions, announced its acquisition of "Paylink", a company specializing in payment solutions, in a strategic step aimed...

Mindsprint launches conversational AI PR Agent on Procuresprint®

Mindsprint, a technology firm offering purpose-built AI-led solutions to modernize enterprise operations, and a Wipro company, announced the launch of a new Purchase Requisition...

Blossom Accelerator launches Blossom Capital

New venture capital arm backs Saudi and global AI companies across enterprise AI, cybersecurity, computer vision, healthtech, fintech and retail technology, supporting Saudi...

HUMAIN Invests in and Partners with Arabic.AI and Tarjama to Advance Arabic Language Translation and Document Intelligence

HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, announced a strategic investment in and partnership with Arabic.AI and Tarjama, bringing together HUMAIN’s...

Al Faisal Holding enters a strategic partnership with BKN301 to advance FinTech and digital banking

Al Faisal Holding, one of the largest and most diversified private sector groups in Qatar and the region, has entered a strategic partnership with...

Swvl Announces $13 Million Strategic Investment Round

Swvl Holdings Corp, a leading provider of technology-driven mobility solutions for enterprises and governments, announced that it has entered into a definitive securities purchase...

KARTY LLC receives the Visa FinTech Innovation Award following its Qatar launch

KARTY LLC, Qatar's leading digital wallet and payment startup, has received Visa’s FinTech Innovation Award, recognising its work to advance digital payments and money...

Zand Expands Stablecoin Access and Adoption in Global Markets with USDC

Zand, an AI and blockchain-powered digital bank in the United Arab Emirates (UAE), today announced plans to expand its stablecoin infrastructure capabilities through support...

Mistral and HUMAIN Announce Strategic Collaboration to Advance Sovereign AI in Saudi Arabia and Regionally

Mistral and HUMAIN announced a strategic collaboration spanning AI infrastructure, advanced model development, and the deployment of AI solutions in Saudi Arabia and across...

Shukria and Mastercard Announce Strategic Collaboration to Advance Commercial Payments in the UAE

Shukria, Mercury’s digital payments and business solutions brand, today announced its collaboration with Mastercard to launch the Shukria Commercial Card, designed for merchants and...

Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking

Fasset, the AI-powered stablecoin neobanking platform, today announced it has raised $68 million in Series C funding at a $1 billion valuation. The financing...

INGOT Group Celebrates 20 Years with the Launch of Rise, a Next-Generation Trading App

INGOT Group, the multi-licensed brokerage group founded in 2006, celebrates its 20th anniversary with the launch of Rise, a trading app built from the...

barq × Riyadh Air Ink Strategic Partnership to Support the Airlines Payment Technology Development

barq and Riyadh Air have signed a strategic agreement to develop a comprehensive payment technology solution for the airline. The long-term partnership will support...

Yomo secures initial banking licence, ready to lead Egypt’s digital banking evolution

Commercial International Bank – Egypt (CIB) announces that the Bank received today preliminary approval from the Central Bank of Egypt to establish yomo digital...

BENEFIT Launches Digital Direct Debit to Advance Lending in Bahrain

BENEFIT, Kingdom's innovator and leading company in fintech and electronic financial transactions service, has launched its Digital Direct Debit service, bringing credit and payment...

Telr and Jet Application Join Forces to Redefine Quick-Commerce Payments in Jordan

Telr Payment Gateway, the award-winning Emirati payment gateway, has announced a strategic partnership with Jet Application, a leading Jordanian quick-commerce application for groceries and...

Mobility fintech startup Naran raises $10M from Landel to scale across LatAm and Africa

Naran, a UAE-based mobility financing and fleet infrastructure platform, raised $10 million in equity and debt financing from Landel, a UAE-based investment firm. The...

Skyro Appoints Former Mastercard Executive to Lead Middle East Expansion

Skyro, digital-first consumer finance platform headquartered in Bahrain and operating in South-East Asia, today announced plans to expand into Saudi Arabia and the appointment...

Yuno Raises $45 Million Series B to Scale the AI-Native Operating System of Global Payments and Financial Services

Yuno, AI-native operating system of global payments and financial services, powering the financial infrastructure of enterprise merchants, banks, and wallets, announced a $45 million...

Cobi Raises $1M to Build the AI Decision Stack for Customer Intelligence

Cobi, the AI decision stack for customer intelligence, announces a $1 million pre-seed fund raise. The raise was led by Lunara Partners - a multi-stage...

Sinder UAE Beta Reaches 213 Active Customers and AED 127,499 in Card Spend

Sinder’s UAE beta continues to grow, with more customers progressing from account creation into funding, card activation and repeated international spending. As of 5 August...

Klivvr & Newgiza Sports Club enhance member experience through innovative digital financial solutions

Klivvr, The Innovative Digital Ecosystem that Provides Greater Flexibility and Full Control Over Users’ Financial Lives, has announced the signing of a strategic partnership...

Revolut receives French banking licence

Revolut, the global fintech with over 75 million customers globally, today announced that Revolut Bank S.A. (RBSA) has received a full banking licence, following...

Egyptian startup Venduo facilitates over EGP 40mln in transactions by connecting brands with local manufacturers

Reinforcing the importance of enabling digital transformation across various economic sectors, Egyptian startup Venduo has successfully facilitated approximately EGP 40 million in transactions through...

Fawry and CDS Launch Direct Integration Between Tap N Pay App and Odoo Business Management System

Fawry, Egypt’s leading fintech company, in collaboration with Creative Digital Solutions (CDS), an Odoo Gold Certified Partner, has announced the launch of a direct...

Building Sinder: Chris Hughes on Creating an AI-Native Fintech for the UAE’s Global Residents

After holding senior roles at Revolut and Tamara, Chris Hughes founded Sinder with former Revolut engineer Artem Kuchumov. The Dubai-built fintech has launched an...

Hadron by Tether Launches Strategic Collaboration with FirstData and BKN301 to Advance Institutional Tokenization in Saudi Arabia

Tether, the largest company in the digital asset industry, today announced a strategic collaboration with First Advanced Data for Artificial Intelligence LLC (FirstData) and BKN301. The collaboration...

UAE’s Islamic Bank ruya Goes Live with Agentic AI in Production, Partners with Magure to Build an AI-Native Bank

Dubai and Ajman, UAE. ruya, the UAE's digital-first Islamic community bank, and Magure, a UAE-headquartered enterprise AI company, today announced a long-term strategic partnership...

UAE-born fintech KamelPay Secures SVF and RPS Licenses from the Central Bank of the UAE

KamelPay, a UAE-born fintech offering payroll and business payment solutions, has received Stored Value Facilities (SVF) and Retail Payment Services (RPS) licenses from the...

Moove Raises $250 Million at $2.1 Billion Valuation to Scale the Global Infrastructure Layer for Autonomous Mobility

Moove, the global mobility company building the operating layer for autonomous mobility, today announced it has raised $250 million at a $2.1 billion valuation...

Edenred UAE receives in-principle approval from the Central Bank of the UAE for Stored Value Facility license

Edenred UAE, part of the global Edenred Group and a long-standing provider of payroll solutions in the UAE, today announced it has received in-principle...

Mastercard collaborates with AFS to launch corporate credit and prepaid cards in UAE and Egypt

Mastercard and Arab Financial Services (AFS), the Middle East and Africa’s leading digital payment solutions provider and fintech enabler, have joined forces to introduce...

MoneyHash and Azm Fintech Partner to Simplify Digital Payment for Saudi Businesses

MoneyHash, the leading payment orchestration platform in emerging and global markets, today announced its partnership with Azm Fintech, expanding access to Saudi Arabia's digital...

HUMAIN Makes Investment in MOZN and Partners to Co-Build Enterprise AI Solutions Locally and Globally

Combining HUMAIN's full AI stack with MOZN’s deep AI product expertise and forward-deployed engineering to deliver secure, enterprise-grade AI solutions for financial institutions and...