Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Verto’s UAE launch enables instant cross-border payments and transparent FX management for Gulf businesses trading with Africa and Asia, addressing long-standing inefficiencies in traditional banking systems.
ExxonMobil Egypt and fintech firm Octane have partnered to digitize vehicle services nationwide, introducing a new Digital Refueling System to enhance fleet efficiency, transparency, and operational control across Egypt.
Bahrain’s iGA and Beyon Connect have launched the Bulk KYC Service, enabling financial institutions to securely verify customer data at scale against national records — strengthening compliance, data integrity, and digital trust across the financial ecosystem.
Orange Egypt, in partnership with mnGm, has launched the country’s first digital gold trading service via mobile wallets, allowing customers to invest in gold seamlessly through the My Orange app. The move reinforces the telecom’s leadership in Egypt’s digital finance landscape.
Jordan’s MADA has raised $1.55M pre-seed funding led by Vision Ventures and D-Investments to scale its BNPL services. Operating under the Central Bank’s sandbox, MADA plans to secure licensing, enhance tech infrastructure, and expand regionally as investor interest in Jordan’s digital finance sector grows.
Sindbad Tech has raised SAR18M ($4.8M) to expand its autonomous finance solutions, backed by Alkhabeer Capital. The funding supports Saudi Vision 2030 goals of digital transformation, positioning the firm to deliver AI-driven, efficient financial tools for both enterprises and individuals across the Kingdom.
Fintologya has secured $1 million in seed funding to scale its fintech infrastructure across the GCC. The Bahrain-based startup will expand operations, boost compliance, and enhance its product suite, positioning itself as a key enabler of secure, seamless, and innovative digital payment solutions in the region.
Taly has named Tawfik Mahmoud as its new CEO and Managing Director, effective August 2025. With over 24 years of fintech leadership experience, Mahmoud is tasked with driving innovation, strengthening partnerships, and expanding Taly’s role in Egypt’s digital payments ecosystem and the broader regional market.
Basata Holding will invest $7 million in 2026 while preparing new investment services and regional expansion into Saudi Arabia, Morocco, and Kurdistan. The company, already serving over 120,000 merchants, aims to reach 150,000 this year and strengthen its leadership in Egypt’s fast-growing digital payments sector.
Munify has raised $3M in seed funding led by Y Combinator to expand its cross-border digital banking services for Egyptians abroad. The fintech aims to reduce remittance costs, improve access to global banking, and strengthen financial inclusion for expatriates.