NymCard has raised $33 million in Series B funding, led by QED Investors, to enhance its embedded finance platform across MENA. The investment will strengthen its payment infrastructure solutions in card issuing, embedded lending, and money movement. NymCard’s modular APIs empower businesses to innovate and scale across diverse markets.
Telr has secured a Retail Payment Services License from the Central Bank of the UAE, enabling it to expand merchant acquiring and payment aggregation solutions within the UAE. This achievement strengthens Telr’s position as a leader in digital payments, providing secure and innovative solutions for businesses across the MENA region.
MNT-Halan has received approval from Egypt’s Financial Regulatory Authority (FRA) to implement electronic Know Your Customer (e-KYC). This advancement allows users to open accounts digitally, gaining immediate access to financial services. The initiative aims to simplify financial services and drive digital financial inclusion across Egypt.
Basata Pay is transforming Egypt’s financial landscape by offering secure, user-friendly digital payment solutions. With over 40 million users, the platform connects service providers, merchants, and consumers, allowing seamless payments for various services. Spanning all 27 governorates, it boasts 150,000 points of sale nationwide, driving financial inclusion.
Mylo, a fintech company from B.TECH, has received FRA approval to offer fully digital onboarding services in Egypt, eliminating the need for in-person KYC verifications. The service, available in key Egyptian cities, will allow users to gain instant access to credit. Mylo is expanding nationwide to increase financial inclusion.
JazzCash customers can now link their debit cards to Google Wallet, enabling secure, seamless tap-to-pay transactions. This integration enhances JazzCash’s payment options, offering convenience and security for millions of Pakistanis. Google Wallet’s tokenization technology ensures secure transactions, while users can also protect their information in case of theft or loss.
ORA Technologies has raised $1.9 million in pre-Series A funding, increasing its total capital to $4.4 million. The investment will fuel the growth of ORA Cash, Morocco’s first social mobile wallet, and KooulMaroc, a food delivery service. This marks a key step in advancing Morocco’s digital and financial services.
YORA Technologies has raised $1.9 million in a pre-Series A funding round, bringing its total capital to $4.4 million. The investment will support the growth of its food delivery service, Kooul, and accelerate the development of ORA Cash, a digital payment solution, advancing digital and financial inclusion in Morocco.
ORA Technologies, a Morocco-based superapp, has raised $1.9 million in a pre-Series A round, bringing its total funding to $4.4 million. The company plans to expand its financial services platform, ORA Cash, and e-commerce marketplace, KooulMaroc, aiming to enhance digital payments and financial inclusion in Morocco.
Flow48 has raised $69M in Series A funding to expand its revenue-based financing platform into Saudi Arabia, targeting SMEs in the Middle East and Africa. The funding, a mix of debt and equity, will help Flow48 enhance its AI-driven tools and provide tailored financial solutions for under-supported SMEs.
