Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
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.