MENA

Ghana FinTech Fido Raises $30M in Series A Round
Ghana FinTech Fido Raises $30M in Series A Round
June 22, 2022  |  Investments

Ghanaian FinTech Fido has raised $30 million in a funding round to boost the company’s efforts to develop financial technologies that can be used across...

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Saudi Arabian Home Appliance Maker Shaker Eyes 40% Stake in BNPL Firm Cashew Payments
Saudi Arabian Home Appliance Maker Shaker Eyes 40% Stake in BNPL Firm Cashew Payments
June 21, 2022  |  Investments

Al Hassan Ghazi Ibrahim Shaker Company, based in Saudi Arabia, has agreed to acquire a 40% stake in buy now, pay later (BNPL) firm Cashew...

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State of Open Banking in Europe, Africa and the Middle East
State of Open Banking in Europe, Africa and the Middle East
June 21, 2022  |  emea

Open Banking (OB) refers to the use of open-source technology and data-sharing in the delivery of financial services. The goals of a more open financial...

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4 Key Factors Creating Payments Friction Across MENA
4 Key Factors Creating Payments Friction Across MENA
June 19, 2022  |  Cross-border Payments

A report by the MENA Fintech Association (MFTA) analyzing the landscape of cross-border payments across the region has found that cost, speed, accessibility and transparency...

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Ascenda, BSF Team to Offer Banking Rewards in Middle East
Ascenda, BSF Team to Offer Banking Rewards in Middle East
June 17, 2022  |  Mena

Payments and banking rewards provider Ascenda has formed a partnership with Saudi Arabia’s Banque Saudi Fransi (BSF), the companies said in a news release Thursday...

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Tammeyah for Microfinance Services Buys French B2B Marketplace
Tammeyah for Microfinance Services Buys French B2B Marketplace
June 16, 2022  |  Acquisitions

Egyptian microfinance firm Tammeyah for Microfinance Services has completed its purchase of Fatura Netherlands N.V., a B2B marketplace, according to a Wednesday (June 15) press release....

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The UAE’s Increasing Role as a Regional FinTech Hub
The UAE’s Increasing Role as a Regional FinTech Hub
June 15, 2022  |  Fintech Investments

Home to two booming international financial centers — emirates Abu Dhabi and Dubai — the United Arab Emirates (UAE), the third-largest economy in the Arab...

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Qashio Debuts First UAE Corporate Card and Spend Management Offering
Qashio Debuts First UAE Corporate Card and Spend Management Offering
June 15, 2022  |  Spend Management

Dubai-based FinTech Qashio is expanding expense management resources and software for B2B transactions across the region with what it said is the first corporate expense...

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PayCargo Raises $130M for Global Expansion
PayCargo Raises $130M for Global Expansion
June 15, 2022  |  B2B Payments

Logistics payments firm PayCargo raised $130 million in a Series C funding round from a single investor, Blackstone Growth, to further the startup’s global expansion...

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