Egypt’s Fintech Flend Raises $3 Million Seed Round to Boost SME Digital Lending
Flend closes $3 million seed round to expand digital SME lending in Egypt, aiming to close the $50 billion financing gap with embedded finance across key sectors.
Digital Finance
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World Bank Report Highlights Growing Digital Financial Inclusion in Nepal Despite Low Mobile Money Usage
Nepal sees rising digital financial engagement despite low mobile money use, with mobile phones driving formal savings and payments. Gender gaps persist, but digital tools increasingly empower women. The World Bank highlights the role of digital finance in economic inclusion and resilience across developing countries.
MENA Fintech Association Launches Iraqi Chapter to Accelerate Digital Finance Growth
Iraq’s new MFTA chapter aims to accelerate fintech adoption and regulatory progress, supporting the country’s digital economy and financial inclusion goals under visionary leadership.
Airtel Money Tanzania Partners with TCDC to Boost Digital Financial Services for Farmers
Airtel Money Tanzania partners with TCDC to provide mobile payments, affordable smartphones, income credits, and financial education to farmers. The move follows a successful pilot that improved payment transparency and access to financial tools for smallholder farmers.
BENEFIT Partners with Bahrain Clear to Launch eIPO Service on BenefitPay, Enhancing Investor Access
BENEFIT and Bahrain Clear partner to launch an eIPO service on BenefitPay, streamlining IPO subscriptions for retail investors. Set for Q4 2025, the platform aims to enhance accessibility, security, and transparency, supporting Bahrain’s financial sector development and digital transformation goals.
Benefit and Bahrain Clear Collaborate to Launch eIPO Service on BenefitPay, Streamlining Investor Access to Bahrain Bourse
Benefit and Bahrain Clear partner to launch eIPO service on BenefitPay, enhancing digital access to IPO investments on Bahrain Bourse.
Pakistan Establishes Pakistan Digital Assets Authority (PDAA) to Regulate Crypto and Modernize Digital Finance
Pakistan forms the Pakistan Digital Assets Authority (PDAA) to regulate crypto exchanges, wallets, DeFi, and token platforms, supporting innovation and investor protection. The move aligns with global standards and aims to formalize a $25 billion informal market while promoting tokenization and digital finance growth.
UAE Launches Dirham-Backed Stablecoin to Strengthen Digital Finance and Crypto Leadership
Abu Dhabi’s IHC, ADQ, and First Abu Dhabi Bank (FAB) have unveiled a Dirham-backed stablecoin, pending regulatory approval by the UAE Central Bank. The stablecoin, running on the ADI blockchain, aims to enhance the UAE’s digital finance sector, offering secure, stable payment solutions for businesses and consumers.
Aman Holding and Tanmeyah Sign Deal to Enhance Digital Financial Services in Egypt
Aman Holding and Tanmeyah have partnered to offer digital financing and payment solutions, allowing Tanmeyah customers to manage their payments easily through Aman’s extensive retail network. This collaboration enhances financial accessibility and aligns with Egypt’s financial inclusion goals, making services available seven days a week.
Maseera Acquires ADVA to Drive Digital Finance Transformation in North Africa
Maseera Holding has acquired ADVA, establishing it as a technology and data analytics hub for North Africa. The integration of Maseera’s AI will transform ADVA’s platform, providing inclusive, personalized lending solutions for underserved populations in Egypt, with a focus on essential services like healthcare and education.
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