Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Du Pay’s Flexi Cash Loan uses wallet data, regulated lending, and fintech credit analytics to deliver fast, transparent short-term loans for underserved UAE expat workers through a fully digital experience.
MNZL has become the first fintech in Egypt to secure both a digital mortgage licence and a digital consumer finance licence. The approvals enable fully digital, regulated asset-backed lending for housing and vehicles, reducing processing time and improving access to household wealth.
ONE App by Al Salam Bank launches a digital personal finance service for Bahraini employees, offering loans up to BD40,000 with repayment terms up to seven years and APR starting at 4.99%. The service enhances accessibility and convenience in personal financing through a fully digital application process.
MoneyFellows, an Egyptian fintech, raised $13 million in a pre-Series C funding round to expand its digital platform for money circles. The platform allows users to save and borrow together using a mobile-based system, expanding beyond traditional groups. The company now has 8.5 million users and has reached profitability.
Klivvr has received approval from Egypt’s Financial Regulatory Authority to launch its Buy Now, Pay Later (BNPL) service. The product, integrated into Klivvr’s app, offers flexible credit options for users, providing instant approvals and transparent credit management. This move positions Klivvr as a leader in Egypt’s digital lending market.
Numou has launched in Abu Dhabi, offering a digital lending marketplace designed to streamline financing for SMEs. The platform allows businesses to apply for loans through a single online form, connecting them with multiple lenders and ensuring transparency. Numou aims to empower SMEs and boost Abu Dhabi’s digital economy.