“Visa’s investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa. We will enable even the smallest businesses to thrive through …
Moniepoint, Africa’s Fastest-Growing Fintech Company, Scores Strategic Investment From Visa
African fintech company Moniepoint has received strategic funding from Visa. As AFROTECH™ previously reported, Moniepoint was reportedly the fastest-growing fintech company in 2023 and 2024. Launched …
African fintech Moniepoint gets Visa backing, plans to work on contactless payments
Visa invests over $10 million in African fintech Moniepoint to support SME growth across Africa, including introducing contactless payments.
Visa invests in Nigerian fintech Moniepoint to boost African SMEs
Moniepoint Inc., a top business payments and banking services platform in Nigeria, has received an investment from digital payments global leader, Visa (NYSE: NYSE:V). This investment signifies a …
“We Got Funded!” UAE-Based Pluto US$4.1 Million Pre-Series A Round Follows Launch of Platform That Supports Over 30,000 SMEs
D ubai-based corporate card and expense management platform Pluto has raised US$4.1 million in a pre-Series A funding round. The round was led by existing and new investors, inclu …
Saudi Arabia achieves a record number of venture capital deals
Riyadh, Saudi Arabia – The “2024 Saudi Arabia Venture Capital Report” revealed that Saudi Arabia achieved a record number of 178 venture capital (VC) deals in 2024, accounting for 31% of the MENA …
Oraseya Capital tops the list of investors in the UAE and MENA region for 2024, according to MAGNiTT
Dubai, UAE: Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has been recognized as the most active investor by number of deals in the UAE for 2024, according …
Saudi Arabia leads region with 178 venture capital deals last year
Saudi Arabia achieved a record number of 178 venture capital (VC) deals in 2024, accounting for 31 per cent of the MENA region’s total number of deals.
ADGM’s Numou Expands Financial Access in UAE via Partnerships with Private Credit Providers
Numou, a subsidiary of ADGM the international financial centre of Abu Dhabi, announced an expansion of its lending partner network.
UAE’s Numou expands financial access through strategic partnerships
With SMEs constituting an impressive 94% of all companies in the UAE and contributing approximately 40% to the national GDP, their role in the economy is vital …
The future of AI in fintech: Balancing innovation with safety
As AI is increasingly replied upon for mission-critical applications such as fraud detection, credit scoring, and risk assessment, Brian Wagner explains that to secure the future of fintech, AI must b …
Top 20 Fintech Startups In The Middle East 2018
Fintech startups have created quite a buzz in the region, raising over $100 million in the last five years. Investment in this sector is well warranted, considering the fact that traditional banks …
3 Reasons Full-Scale Businesses Should Partner With Startups
While traditional collaborations often focus on partnering with similar-sized or larger businesses, there is an overlooked case for partnerships between full-scale businesses and startups, writes …
Saudi, UAE Venture Capital Funding Slumps on Investor Shift
Startups in the region raised $1.5 billion, a decline of 29% compared to the previous year, according to a report from venture capital data platform Magnitt.
Gulf fintech investments to bounce back in 2025 after weak year
Investments in Gulf fintech firms are expected to recover in 2025 as the resilient global economic outlook for the year is set to revive investor sentiment..
Fintech Software Development Outsourcing Guide for 2024
This article delves into the crucial motives advantages and methods for fintech firms to successfully outsource their software development It explores how leveraging such outsourcing can lead to innov …
Looking to Buy PayPal in 2025? Here’s the Fintech Stock’s Secret Weapon.
During the three-month period that ended Sept. 30, 2024, PayPal handled a whopping $423 billion in total payment volume. That figure was up 9% year over year and 136% higher than in the third quarter …