Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
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.
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 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.
Egyptian fintech company MNT-Halan has secured US$157.5 million in funding to support its global expansion. Founded in 2018 to provide digital banking solutions for the unbanked, MNT-Halan’s ecosystem includes business lending, consumer finance, and e-commerce. With over 2.2 million active users, the company aims to extend its innovative financial services internationally.
Banknbox and CSC Jordan seek to strengthen their position in MENA’s fintech sector by integrating their customer-facing systems from banks and financial institutions as well as linking applications to provide distinctive regional services to their customers.
Arab Financial Services (AFS) recently met with a Belgian economic delegation in Bahrain to discuss potential fintech and financial service partnerships, emphasizing Bahrain’s role as a key hub in the payments ecosystem.