EdfaPay, a Riyadh-based fintech platform, has successfully closed a $5 million pre-Series A funding round. The investment will support its expansion across the MENA region and Pakistan, enhancing its digital payment solutions for SMEs. The platform’s SoftPOS technology and payment gateway services continue to attract regional and global partners.
Ooredoo Fintech and PayPal have partnered to enable seamless transfers between Ooredoo Money wallets and PayPal accounts in Qatar. This collaboration enhances access to global markets for consumers and small businesses, offering new opportunities for cross-border commerce and digital payments, with plans for expansion across the Gulf and MENA regions.
FOO, a leading B2B SaaS provider, has partnered with eNovate to enhance Egypt’s digital payment solutions. This collaboration will leverage FOO’s modular platform and Fintech as a Service (FaaS) solutions to empower fintechs and accelerate digital transformation. Key projects, including a university digital solution, are already underway.
#dltledgers, a leader in multi-party orchestration, is advancing fintech and sustainable logistics in the GCC, reducing costs and boosting operational efficiency across supply chains.
Saudi fintech leader Tamam has partnered with ZainTECH, Fico, and Lean Technologies to create an AI-driven credit assessment model, enhancing financial inclusion in line with Vision 2030. This collaboration aims to revolutionize the consumer finance landscape by integrating advanced technology and open banking solutions.
Visa has marked 40 years in Saudi Arabia by opening an innovation center in Riyadh and a new office in the King Abdullah Financial District. This initiative aims to advance payment solutions and support the Kingdom’s Vision 2030 by enhancing digital commerce and fostering fintech partnerships across the region.
Hala Payments has joined the Saudi Unicorn Program, enhancing its position in the fintech sector. This partnership provides access to strategic resources aimed at expanding market reach and driving innovation. Hala’s commitment to financial inclusion for SMEs aligns with Saudi Arabia’s Vision 2030 goals, fostering economic growth in the region.
Riyadh-based fintech HALA Payments has been inducted into the Saudi Unicorns Programme, enhancing its position as a leader in SME banking. The company aims to empower MSMEs and freelancers while contributing to Saudi Vision 2030 through innovative financial solutions and global expansion.
Qist Bazaar, a Karachi-based fintech, has raised $3.2 million in Series A funding to expand its BNPL services across Pakistan. The startup focuses on making essential goods accessible to the underbanked, enhancing both product offerings and technological infrastructure.
SETTLE, an Egypt-based B2B payment platform, raised $2 million in pre-seed funding to expand globally and enhance its financial operations platform. The funding will support SETTLE’s aim to provide businesses with tools for real-time financial decision-making and streamline B2B payment processes.
