MENA

BaaS Provider NymCard Raises $22.5M
BaaS Provider NymCard Raises $22.5M
June 08, 2022  |  Investments

NymCard has raised $22.5 million in a new funding round, the card issuer and Banking-as-a-Service (BaaS) provider announced Wednesday (June 8). Get the Full Story...

READ MORE >
Startups Opt for Fixed-Price Payments to Bank MENA’s Unbanked
Startups Opt for Fixed-Price Payments to Bank MENA’s Unbanked
June 08, 2022  |  Financial Inclusion

In the last couple of decades, consumers’ preferences for cross-border payments have been shifting, and more and more people are demanding convenience, speed, security, and...

READ MORE >
B2B Online Marketplace SAFQAT to Open in UAE
B2B Online Marketplace SAFQAT to Open in UAE
June 05, 2022  |  eCommerce

Online B2B marketplace SAFQAT is working to improve wholesale buying and will be launching its solution in the United Arab Emirates (UAE), according to a...

READ MORE >
MoneyGram Teams With Mobily Pay to Help Saudi Arabia Mobile Wallet Users
MoneyGram Teams With Mobily Pay to Help Saudi Arabia Mobile Wallet Users
June 02, 2022  |  Mobile Wallets

MoneyGram International on Thursday (June 2) announced a partnership with Saudi Arabia-based mobile wallet Mobily Pay that will bring MoneyGram’s international money transfer capabilities to...

READ MORE >
Online Car Marketplaces Drive Profits for MENA Startups
Online Car Marketplaces Drive Profits for MENA Startups
June 02, 2022  |  Retail

With almost 2,000 cars sold daily and nearly 750,000 vehicles sold on a yearly basis, the Egyptian used car market, representing a Gross Merchandise Value...

READ MORE >
HyperPay Raises $36.7M to Expand Payment Services to MENA Merchants
HyperPay Raises $36.7M to Expand Payment Services to MENA Merchants
June 01, 2022  |  International

Payments FinTech HyperPay raised $36.7 million (SAR138M) to expand its payment services to merchants in the Middle East and North Africa (MENA) region. Get the...

READ MORE >
Open Banking Firm Tarabut Gateway Partners With Four Saudi Banks
Open Banking Firm Tarabut Gateway Partners With Four Saudi Banks
May 31, 2022  |  Partnerships

Bahrain-based open banking platform Tarabut Gateway has formed four new banking partnerships in the Kingdom of Saudi Arabia (KSA) as part of its expansion into...

READ MORE >
Travel Tech Company Swvl Plans to Cut 32% of Staff
Travel Tech Company Swvl Plans to Cut 32% of Staff
May 31, 2022  |  Transportation

Dubai-based mass transit solutions platform Swvl said it will cut its workforce by 32% in an effort to get on the path to profitability. Get...

READ MORE >
B2B Retail Marketplace Betastore Nets $2.5M to Outfit Shops in Africa
B2B Retail Marketplace Betastore Nets $2.5M to Outfit Shops in Africa
May 30, 2022  |  Investments

B2B retail market Betastore, based in Nigeria, has raised $2.5 million to help informal shops in West and Central Africa with financial issues and stock-outs, a...

READ MORE >