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MEA Finance

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Arab Financial Services to raise US$ 98 million to support growth strategy

The shareholders of payment solutions provider and fintech enabler in the MEA region, Arab Financial Services Company (“AFS”)decided to increase the company’s authorised share...

Mambu raises €235 million at €4.9 billion valuation in EQT Growth-led Series E

Mambu, a modern SaaS banking platform, has announced raising €235 million in an EQT Growth-led Series E funding round, the largest financing round to...

Sympl, Egypt’s first ever “Save Your Money Pay Later” platform – raises $6 million seed

Sympl, the first ‘Save Your Money Pay Later’ platform in Egypt, announces it raised $6 million following its soft launch last month. The funding round was led by Beco Capital along...

Infosys Finacle and EFMA report finds that the pandemic has accelerated the retail banking innovation

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and the European Financial Management & Marketing Association (Efma) today unveiled the 13th edition of the...

Modern Exchange Co. partners with Nium to enable international payments to key markets globally

Global payments and cards issuance company Nium and Oman’s leading remittance and money exchange, Modern Exchange Co. today announced a strategic partnership that will see Modern...

Standard Chartered appoints UAE Head of Islamic Banking

Standard Chartered announced today the appointment of Ali Allawala as Head of Islamic Banking (Saadiq) for the United Arab Emirates (UAE). Based in Dubai,...

FNZ to acquire Appway to accelerate financial institutions’ digital transformation and open-up wealth together

FNZ, a leading global wealth management platform, today announced that it has agreed to acquire Appway, taking the lead in client onboarding and client...

Commercial Bank of Dubai inks partnership agreement with Jafza to provide banking services to their license holders

Commercial Bank of Dubai (CBD) inked a partnership agreement with Jebel Ali Free Zone (Jafza), the leading trade and logistics hub of DP World...

Mashreq partners with Turtlemint to offer bespoke insurance solutions for its clients

Mashreq has partnered with Turtlemint, a leading insurance distribution platform based out of India, to create a unified and seamless platform for the bank’s...

Dubai Islamic Bank selects 50 UAE nationals for career progression as it celebrates the 50th anniversary of the UAE

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced it has...

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