Stitch Raises US$25M Series A Funding Led by a16z for Unified Core Stack
Stitch Raises US$25 Million Series A Led by a16z to Expand Unified Core Banking Stack Financial infrastructure provider Stitch has secured US$25 million in Series A funding in a round led by Andreessen Horowitz (a16z), marking the venture capital firm’s first investment in the GCC. The funding brings Stitch’s total capital raised to US$35 million. […]
Read MoreFAB Launches Payit Universal Account to Boost Financial Inclusion in UAE
FAB Launches Payit Universal Account to Support Financial Inclusion in the UAE First Abu Dhabi Bank (FAB) has introduced the Payit Universal Account, a digital banking product designed to support financial inclusion in the UAE and help employers move away from legacy salary card models. The new multi-service mobile account is aimed at individuals earning […]
Read MoreMENA Demands “Invisible” Payments, but Security Still Tops Digital Commerce Concerns
MENA Consumers Want Seamless Payments, but Security Remains the Top Priority Consumers across the Middle East and North Africa (MENA) are increasingly expecting payments to be fast and nearly invisible, but security continues to shape online shopping decisions, according to Checkout.com’s latest report, MENA Digital Commerce 2026: The New Era of AI in Payments. The […]
Read MoreADI Foundation and SettleMint Launch Digital Securities Infrastructure
ADI Foundation and SettleMint Launch Digital Securities Infrastructure on ADI Chain ADI Foundation and SettleMint have announced a partnership to develop digital securities infrastructure on the ADI Chain, aiming to support the issuance and management of tokenised assets within the Abu Dhabi Global Market (ADGM) regulatory framework. The collaboration combines ADI Foundation’s Layer-2 blockchain, which […]
Read MoreCBUAE Launches $1.69B Relief Package to Support SMEs and Key Sectors
CBUAE Rolls Out $1.69 Billion Relief Package for SMEs and Key Sectors The Central Bank of the UAE (CBUAE) has announced a US$1.69 billion financial relief package aimed at supporting individuals, small and medium-sized enterprises (SMEs), and large corporates affected by recent economic pressures. According to the central bank, the initiative has so far reached […]
Read MoreEgypt Proptech Startup Byit Enters UAE With AI Tools for Brokers
Egyptian Proptech Byit Expands to the UAE With AI-Powered Tools for Brokers Egypt-born proptech startup Byit has launched operations in the United Arab Emirates as part of a broader regional expansion strategy focused on cross-border property transactions. The company said the move is aimed at connecting Egyptian real estate supply with international demand, particularly from […]
Read MoreMawarid Finance and NymCard Launch B2B Spend Management Platform Lynq
Mawarid Finance and NymCard Launch B2B Spend Management Platform Lynq in the UAE Mawarid Finance has launched Lynq, a new financial management platform developed in partnership with payment processor NymCard, marking its entry into the UAE corporate spend management market. The platform is designed to help small and medium-sized businesses manage company spending through a […]
Read MoreCrypto.com Granted UAE SVF License to Process Dubai Government Payments in Crypto
Crypto.com Secures UAE SVF License to Process Dubai Government Payments in Crypto Crypto.com has received a Stored Value Facilities (SVF) license from the Central Bank of the UAE (CBUAE), marking a regulatory milestone for the cryptocurrency exchange in the Emirates. The approval was granted to the company’s local entity, Foris DAX Middle East FZE, and […]
Read MoreCodebase Technologies and Ovanti Launch AI-Driven Digital Asset Bank
Codebase Technologies and Ovanti Launch AI-Driven Digital Asset Bank Codebase Technologies has partnered with Ovanti to support the launch of an Agentic Digital Asset Bank designed to enable AI-driven orchestration of digital asset portfolios for both retail and institutional customers. The collaboration brings together Ovanti’s technology arm, Datamorph, and Codebase Technologies’ Digibanc platform. According to […]
Read MoreTelr and Geidea Link Online and In-Store Payments in the UAE
Telr and Geidea Link Online and In-Store Payments in the UAE Telr has partnered with Geidea to connect online and in-store payment acceptance for merchants in the UAE, bringing together digital gateway capabilities and physical point-of-sale terminals under one integrated setup. Through the collaboration, Telr’s e-commerce acquiring infrastructure is linked with Geidea’s retail hardware, enabling […]
Read More