Tabby Acquires Saudi Mobile Wallet Tweeq to Broaden Financial Services
Tabby, a leading buy now, pay later platform, has acquired Saudi-based mobile wallet Tweeq.
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Bahrain Sets Stage for Second Annual Fintech Forward Event
Bahrain is gearing up for the second Fintech Forward event on October 2-3, focusing on key fintech topics like AI, blockchain, and cybercrime. Supported by Bahrain EDB and CBB, the event will highlight Bahrain’s role as a leading fintech hub in MENA, promoting innovation and strategic partnerships.
RakBank and Bitpanda Collaborate to Enhance Digital Asset Management in the UAE
RakBank has partnered with Bitpanda Technology Solutions to launch a platform allowing UAE residents to manage digital assets efficiently. Pending regulatory approval, this collaboration aims to transform the UAE’s digital financial landscape, providing RakBank customers with access to a wide range of digital assets and fostering sector growth.
DIGI Nepal Fintech Challenge Launched to Boost Digital Innovation in Nepal’s Fintech Sector
The DIGI Nepal Fintech Challenge, launched by the Swiss Agency for Development and Cooperation (SDC) and True North Associates (TNA), aims to promote digital innovation in Nepal’s fintech sector. The challenge offers an accelerator program with technical assistance, mentorship, and potential co-funding grants for selected participants to pilot their innovations.
Huawei Cloud and Fintech Saudi Collaborate to Drive Digital Transformation in Saudi Arabia’s Fintech Sector
Huawei Cloud, in collaboration with Fintech Saudi, hosted the Huawei Cloud Fintech Day Saudi Arabia 2024, highlighting innovative cloud solutions for the Kingdom’s fintech industry. The event introduced the Fintech Pioneer Program, offering exclusive support to fintech companies, and emphasized the partnership’s role in driving digital transformation and fostering a robust fintech ecosystem in Saudi Arabia.
Lucky ONE Secures $3 Million in Funding to Drive Growth and Profitability by 2025
Egyptian fintech Lucky ONE has raised $3 million in a convertible note, aiming for profitability by Q1 2025. The funds will expand its credit lending services, aligning with Egypt’s financial inclusion goals. Co-founders Momtaz Moussa and Ayman Essawy emphasize sustainable growth, with plans for regional expansion and a comprehensive financial services offering.
Zeebu Partners with SilentSwap to Enhance Privacy and Security in Telecom Transactions
Zeebu, a Web3 payments platform for telecom, partners with SilentSwap, a privacy-focused cross-chain aggregator, to enhance transaction privacy and security. This collaboration integrates SilentSwap’s technology into Zeebu’s blockchain solutions, setting new standards in telecom settlements and DeFi. The partnership aims to offer a secure, decentralized application for global transactions.
Qardy Secures Significant Investment to Expand Digital Lending Marketplace
Egyptian fintech Qardy raised a seven-figure pre-seed round from White Field Ventures, Vastly Valuable Ventures, and angel investors. Founded in 2022, Qardy connects MSMEs with financial institutions. The investment will enhance Qardy’s platform, expand services in the MENA region, and accelerate growth in KSA, emphasizing transparency and customer satisfaction.
MENA Fintech Association Launches Bahrain Chapter to Boost Fintech Innovation
The MENA Fintech Association has launched its Bahrain Chapter, led by Suzy Al Zeerah of Bahrain FinTech Bay. The chapter aims to foster fintech innovation, collaboration, and growth in Bahrain by promoting cutting-edge technologies, providing resources and mentorship, and facilitating global partnerships to position Bahrain as a leading fintech hub.
Qatar to Unveil Comprehensive Digital Assets Framework by Year-End
Qatar is set to launch a comprehensive digital assets framework by the end of the year, aiming to integrate digital assets into its financial ecosystem. The initiative includes a Digital Assets Lab and advances in digital currency, positioning Qatar as a key player in global digital finance and enhancing its financial sector’s competitiveness.