Shorooq Partners, the pioneering alternative investment manager across Middle East and North Africa, announces the first close of its $100 million second private credit fund. Following the resounding …
Venture debt in MENA reaches all-time high in 2023 with 262% jump in growth: Report
The region saw $750 million in MEGA deal facilities, posting a whopping 650% Y-o-Y jump in total venture debt MEGA deal value …
Cashfree ropes in former Razorpay exec Harsh Gupta as CRO; more changes on cards
Arun Tikko, the current Chief Business Officer (CBO) could move to the Banking and Alliance vertical, and the current lead Anshul Lal may leave, people familiar with the matter told Moneycontrol.
Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments
After Brandon Lloyd sold his second company, Bypass, a payments and point-of-sale software company for sports and entertainment, to Fiserv in 2020, he dove more into the payments industry and realized …
Creator fintech Slingshot raises $2.2M
Sanil Chawla remembers the meetings he had with countless artists in college. Those creatives were looking for one thing: sustainable economic …
New Murabba: A destination for the future Saudi of urban development
Riyadh: New Murabba – a PIF company – one of the leading players in Saudi Arabia’s giga-project landscape, solidified its commitment to shaping the future of Riyadh and global urban development at the …
Creator fintech Slingshot raises $2.2 million
Sanil Chawla remembers the meetings he had with countless artists in college. Those creatives were looking for one thing: sustainable economic …
Félix Pago raises $15.5 million to help Latino workers send money home via WhatsApp
Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer companies, retailers, and …
Kuwait to Buy 500MW of Power Through GCC Interconnection Authority
Kuwait on Sunday signed contracts to buy 500 megawatts (MW) of electricity through the Gulf Cooperation Council Interconnection Authority (GCCIA) to avoid summer blackouts. The contracts are for 300 …
Saudi Rasan to Sell Shares on Tadawul
The Saudi Rasan Information Technology Company intends to offer 22.74 million shares on the Tadawul Stock Exchange, 10 percent of which will be allocated to individual subscribers, at the price of SAR …
Saudi Arabia, Slovenia Discuss Economic Cooperation
Saudi Minister of Economy and Planning Faisal Alibrahim has met with Slovenian Deputy Prime Minister and Minister of Foreign and European Affairs Tanja Fajon. The two officials discussed their …
20 Fastest Growing Fintech Companies In 2024
In this piece, we will take a look at the twenty fastest fintech companies in 2024. If you want to skip our overview of the financial technology industry and all the recent trends and developments …
Smartpay’s annual profit flat on $1m cyber security expense
Smartpay Holdings has reported flat profit growth for the year, with its net profit after tax dropping about $52,000 to $8.4 million after booking nearly $1 million in expenses relating to a …
12.3% growth in UAE’s digital trade between 2023-2028, research paper shows
The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in …
7 Fintech Stocks to Buy Now: May 2024
InvestorPlace – Stock Market News, Stock Advice & Trading Tips If you’re bullish about the growth potential with the digitalization of …
ZUHYX Investment Fund Raises $200 Million: An Interview with Founder Felix Hayes
NEW YORK, USA – Media OutReach Newswire – 24 May 2024 – Recently, ZUHYX, a leading global crypto asset exchange, announced a $200 million investment fund for venture investments and innovation …
Upvest and Raisin Migrate Single-Digit Billion in AuM Over One Weekend
Upvest and Raisin are pleased to announce the successful migration of single-digit billion in Assets under Management (AuM).