Fintech News UAE

Alif Uzbekistan announced it had raised a $20 mln debt #investment from Accial Capital, a US-based impact private credit fund manager. The deal was facilitated with advisory support from Nairang Capital and TMT Global Advisors. The #funds will be allocated to enhance Alif Uzbekistan’s Nasiya service’s capabilities, strengthen its market position, and promote #financialinclusion in #Uzbekistan. Read more: https://lnkd.in/dEUWv7FM Alif Uzbekistan, Accial Capital, Alif Capital Holdings, Abdullo Kurbanov, Zuhursho Rahmatulloev, Firdavs Mirzoev, Alif Bank, Nuriddin Lafizov, Muna Shukurova, Mahmood Shamsher Ali #FintechNewsUAE #Alif #AlifUzbekistan #AccialCapital #Investment #Funding #VCs #CapitalInvestment #Uzbekistan #Pakistan #UAE #MiddleEast #Fintech #financialinclusion #UAEFintechNews

In a significant step toward boosting Egypt's entrepreneurial ecosystem, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA جهاز تنمية المشروعات) has announced a $3 million #investment in Foundation Ventures Fund. The #partnership aims to drive innovation, create jobs, and promote sustainable economic growth in alignment with #Egypt’s Vision 2030 strategy. Read more: https://lnkd.in/dabCYVVV MSMEDA جهاز تنمية المشروعات, Foundation Ventures, Mazen Nadim, Omar Barakat #FintechNewsUAE #MSMEDA #FoundationVentures #Funding #Investment #Startups #EgyptianStartups #VCs #Egypt #MiddleEast #MENA #UAEFintechNews

EdVentures, the leading #EdTech-focused corporate #venturecapital firm in the #MENA region, has announced six-digit #investments in two promising EdTech #startups, Schoolz and Ibn Sina Training Academy. The investments were made through the firm’s EdTech Ventures Studio (EDVS) program, expanding EdVentures’ portfolio to a total of 24 startups. Read more: https://lnkd.in/dCfJBJhQ EdVentures, Schoolz, Ibn Sina Training Academy, Maged Harby, Hassaan Mahdy, Hosni Ahmed, Maysam Magdy #FintechNewsUAE #EdVentures #Schoolz #IbnSinaTrainingAcademy #funding #Investment #VCs #CapitalInvestment #EDVS #Egypt #Edtech #MENA #StartupFunding #UAEFintechNews

Saudi Venture Capital (SVC) announced its #investment in Jadwa GCC Private Equity Fund 1, a private equity fund managed by Jadwa Investment, a leading investment management and advisory firm in the #MiddleEast with over SAR 90 billion in assets under management and advisement. Read more: https://lnkd.in/djf5tJqv SVC, Jadwa Investment, Nabeel Koshak, Tariq Al-Sudairy #FintechNewsUAE #SVC #JadwaInvestment #Investment #PrivateEquity #VCs #Funding #StartupFunding #CapitalInvestment #SaudiArabia #KSA #MiddleEast #Fintech #UAEFintechNews #SaudiVision2030

inDrive, the global ride-hailing #unicorn, has announced a strategic undisclosed #investment in #Pakistan’s emerging grocery delivery platform, Krave Mart (YC S22). The investment is part of inDrive’s broader effort to explore opportunities in emerging markets through its dedicated #venturecapital arm. Read more: https://lnkd.in/dMTVQsCH inDrive, Krave Mart (YC S22), Kassim Shroff, Haziq Ahmed, Mohammad Ahsan Kidwai, Hammad Bawany, Nurken Rzaliyev, Faisal Aftab, Zayn VC, Andries Smit #FintechNewsUAE #inDrive #KraveMart #funding #Investment #VCs #CapitalInvestment #VentureCapital #online #grocery #Technology #Pakistan #Ecommerce #Startupsfunding #Mobility #Founders #Tech

Elon Musk's artificial intelligence company, xAI, has secured $6 billion in a Series C #financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. Read more: https://lnkd.in/d5PFB637 xAI #FintechNewsUAE #xAI #Funding #Investment #SeriesC #AI #AIRevolution #UAEFintechNews

Global Payment Services - GPS, a pioneer in financial technology solutions, has announced a strategic #partnership with Bahrain Islamic Bank - BisB, the Kingdom’s leading provider of innovative Islamic financial solutions. Together, they have launched an "Islamic Card Installments solution" aimed at revolutionizing #payment options by offering customers flexible, Sharia-compliant installment plans. Read more: https://lnkd.in/dQyAaV2v Global Payment Services - GPS, Bahrain Islamic Bank - BisB, Ali Arab, Fatema AlAlawi #FintechNewsUAE #GPS #BisB #Bahrain #Partnership #IslamicCard #Islamicfinance #DigitalFinance #ShariaCompliantFinancing #digitalPayments #MiddleEast #UAEFintechNews

Attijariwafa bank and Visa have announced a strategic collaboration aimed at transforming the digital payments landscape in #Morocco and reinforcing the bank's reputation as a leader in technological innovation. Read more: https://lnkd.in/dEPqFvan Attijariwafa bank, Visa, Hassan El Bedraoui, Leila Serhan #FintechNewsUAE #AttijariwafaBank #Visa #Partnership #DigitalPayments #PaymentInnovation #Morocco #Fintech #UAEFintechNews #MoroccoFintechNews, #FinancialInclusion

QiCard, a leader in Iraq’s fintech sector, has officially launched its third-generation app, #SuperQi, in collaboration with Ant International. Powered by Alipay+ Wallet Tech solutions, SuperQi integrates a digital lifestyle super app with a fully functional #digitalbank, heralding a new era of #financialinclusion and digital services in #Iraq. Read more: https://lnkd.in/dqJDgv3N QiCard, Ant International, Alipay+, Ali Muneam, Luay Al Obaidi, Ahmed K. Mohammed #FintechNewsUAE #QiCard #AntInternational #Alipay+ #Partnership #SuperQi #FinancialInclusion #Iraq #DigitalPayments #Fintech #MiddleEast #MENA #UAEFintechNews

#Russian companies have begun using #bitcoin and other #digitalcurrencies in international #payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Read more: https://lnkd.in/dacr2y-T #Bitcoin #Russia #FinanceMinister #Digitalcurrency #InternationalPayments #Trade #FintechNewsUAE