Riyadh-based fintech HALA Payments has been inducted into the Saudi Unicorns Programme, enhancing its position as a leader in SME banking. The company aims to empower MSMEs and freelancers while contributing to Saudi Vision 2030 through innovative financial solutions and global expansion.
Thunes has expanded its Direct Global Network into Egypt, enhancing its cross-border payment services with mobile wallet and bank account capabilities. This move capitalizes on Egypt’s rapidly growing mobile wallet adoption, projected to reach $3.8 billion by 2028, and aims to support remittance services effectively.
Mashreq Bank is advancing its operations by migrating critical databases to Oracle Exadata Cloud@Customer, enhancing its global presence and operational efficiency. This strategic upgrade facilitates expansion into international markets and ensures compliance with data security regulations.
Abhi, a UAE-based fintech, has raised $15 million in debt financing to expand its earned wage access solutions, targeting the UAE’s working population. This funding, led by Shorooq Partners and Amplify Growth Partnership, will help scale operations and enhance financial flexibility for workers.
Chinese fintech group FinVolution has launched Daira, a new lending platform tailored for the Pakistani market.
The initiative aims to support 25,000 retailers across Egypt, enhancing their digital transformation and business growth.
Panel discussions highlighted the role of AI in expanding decentralized finance applications across various sectors.
The academy will offer diverse courses, starting with an AI in FinTech program from UC Berkeley, aimed at developing skills for the digital economy.
FinVolution Group has launched Daira, its new fintech platform in Pakistan, marking a major step in its global expansion. The platform aims to address the country’s financial inclusion gap by providing localized digital financial services. With this launch, FinVolution strengthens its presence in South Asia’s growing fintech market.
Kuwait-based fintech startup Krti has closed a $1.5 million pre-seed investment round with Core Vision Investment. The funding supports the upcoming launch of Krti’s innovative loyalty program, aimed at maximizing the benefits of users’ bank cards in Kuwait and Saudi Arabia.
