Paymob is revolutionizing digital payments across the MENA region, expanding its services and merchant base while embracing technological innovations to enhance financial inclusivity and operational efficiency.
Barq, a Saudi fintech led by Ahmed Alenazi, has garnered over 1 million users in just three weeks following its public debut. Licensed by SAMA, the startup offers extensive features including digital personal accounts, Visa cards, and international money transfers, rapidly positioning itself as a major player in the fintech sector.
Bahrain is gearing up for the second edition of Fintech Forward, a key event in the Middle East’s fintech landscape. Scheduled for October 2024, the event will unite global experts, financial institutions, and regulators to discuss AI, blockchain, and sustainable finance, showcasing Bahrain’s leadership in digital transformation.
Saudi fintech start-up Barq has quickly gained traction since its launch, offering a financial app for global money transfers and Visa cards with various perks. With over $133 million transferred and 1 million users onboarded, Barq is revolutionizing the fintech landscape in the region.
Omani fintech startup Mamun Crowd Financing has surpassed RO1 million in Sharia’a-compliant funding within a year of its launch. The platform supports various sectors in Oman by connecting investors with businesses in need of financing. Mamun plans to expand its offerings with new investment products, continuing to fuel economic growth.
Kuwaiti fintech startup Kem has secured a $3 million investment from Tether, raising its total funding to $4.5 million. Kem’s platform enables QR code-based P2P payments, simplifying transactions. Tether’s investment aims to promote the adoption of USD₮ and expand digital financial services in the region.
