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.
Nqoodlet, a Saudi-based fintech platform, raised $3 million in seed funding to enhance its financial management tools for SMEs in the GCC. The platform helps SMEs streamline operations and achieve significant cost savings, aligning with Saudi Arabia’s Vision 2030 to foster SME growth and financial inclusion.
Fawry has partnered with Truecaller to provide a more secure and transparent calling experience for its customers. The collaboration enables instant recognition of incoming calls, enhanced branding, and personalized call context. This partnership aims to build customer trust and improve engagement by leveraging Truecaller’s advanced customer experience solutions.
Zain has launched the ‘Bede’ Digital Wallet in Sudan, enabling secure mobile financial transactions without the need for traditional bank accounts. The service, which caters to both feature phones and smartphones, will roll out in three phases, aiming to enhance financial inclusion and support Sudanese citizens in their daily financial needs.
Checkout.com is expanding its services in the UAE, aiming to launch secure and efficient card issuing services by 2026. The initiative, pending regulatory approval, will enable businesses to issue branded cards, enhance financial control, and simplify B2B payments. The company is also focused on expanding its footprint in the MENA region.
Telecom companies are expanding into fintech, offering digital wallets, cross-border payments, and financial services. By leveraging customer data and payment infrastructures, they are enhancing financial inclusion and creating seamless, secure financial experiences. This collaboration between telecom and fintech sectors is transforming the digital economy and offering new growth opportunities.
Rentify has launched in the UAE, offering a tech-driven rental experience with AI-powered solutions, automated rent collection, and flexible payment options. The company secured $500,000 in funding and is already handling AED 1.5 billion in property value. It aims to streamline the rental process for both landlords and tenants.
Haball, a Pakistani fintech offering shariah-compliant supply chain finance solutions, raised USD 52 million in pre-Series A funding. The round, led by Zayn VC and Meezan Bank, will support Haball’s expansion into Saudi Arabia and the GCC, addressing the region’s demand for digital financial services for SMEs.
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.
