Latest News

Mubasher: UAE-based fintech FlapKap, which was originally established in Egypt, has raised $34 million in a pre-Series A funding round, according to a press release. The fundraising was led by BECO Capital and Pact VC, with follow-on contributions …

Riyadh – Mubasher: Tree Digital Insurance Agency has officially launched the first Pet Insurance service in Saudi Arabia, marking a new era in the digital insurance industry. The groundbreaking product is designed to meet the growing needs of pet …

Mubasher: iyris, the agriclimate tech company formerly known as RedSea, entered into a strategic partnership with Hyma Plastic, the market leader of Agricultural Polyethylene film products in Egypt. Hyma Plastic was appointed as an exclusive …

UAE – Mubasher: Leon Black has established a new branch of his family office, Elysium Management, at Abu Dhabi Global Market (ADGM), according to a press release. The new office, Scimitar, will serve as Elysium's first international office. …

Cairo – Mubasher: Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in foodtech Brotinni for an undisclosed value, according to a press release. The new investment will enable Brotinni to expand its footprint within the …

UAE – Mubasher: Majid Al Futtaim and Tabby, the leading shopping and payments app in the GCC, launched a new feature that integrates Tabby into the SHARE app, according to a press release. By integrating Tabby’s buy now, pay later (BNPL) services …

Riyadh – Mubasher: PayTabs Group plans to exceed SAR 200 billion in payment processing volumes by 2025, according to a statement in line with the 24 Fintech event that was held in Saudi Arabia for three days last week. The set target aligns with …

Riyadh – Mubasher: Sahm Capital has proven its position as the first brokerage on the Saudi Exchange (Tadawul) to carry out a proprietary Settlement & Clearing System. Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group …

Riyadh – Mubasher: Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has opened its regional office in Saudi Arabia, according to a press release. Located in Riyadh, the new office anchors Carrier’s …

Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA that serves as the digital arm of Dubai Electricity and Water Authority (DEWA), signed a collaboration agreement with Salzer Technologies. In line with the UAE’s digital transformation …

Riyadh – Mubasher: Tenaui, a leader in digital commercial printing solutions in Saudi Arabia, has inaugurated the largest digital commercial printing press in the Middle East. Backed by Canon's latest inkjet technology Tenaui Commercial Digital …

Riyadh – Mubasher: Haitham Adel Qadri, Partner and Deputy General Manager for Administrative Affairs and Internal Control at Concord, talked with Mubasher.info in an interview during the 24 Fintech event, which made its debut in Saudi Arabia on 3 …

Riyadh – Mubasher: Hamza Abusitta, Co-Founder and CEO of Reachware, revealed to Mubasher.info during the 24 Fintech event that the company was established in 2021 with the main objective to simplify the digital transformation process instead of …

Riyadh – Mubasher: Saudi SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, according to a press release. Reachware, a leading startup specialising …

Riyadh – Mubasher: AI platform and software as a service (SaaS) provider Unifonic announced a strategic partnership with Saudi fintech company barq during the 24 Fintech event, which launched in Saudi Arabia to serve as a global meeting point. The …

Riyadh – Mubasher: Saudi fintech savings platform Hakbah inked a new agreement with the Saudi Institute of Internal Auditors at the 24 Fintech Conference in Riyadh. The partnership aims to improve the development of internal auditing systems, …

UAE– Mubasher: Tarabut has acquired London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses, according to a press release. The transaction, which was approved by the Saudi Central Bank (SAMA) and the UK's …

Riyadh – Mubasher: The Deputy Chairman of the Capital Market Authority (CMA), Abdullah Binghannam, elaborated that the financial service has clearly transformed wealth management. On the slides of the 24 Fintech conference, Binghannam noted that …

UAE– Mubasher: Ziina, the UAE’s leading financial platform supporting consumers and businesses, has raised $22 million in a Series A funding round led by US-based Altos Ventures, according to a press release. The fundraising transaction also …

Riyadh – Mubasher: Mohammed El Kuwaiz, Chairman of the Capital Market Authority (CMA), highlighted that the 24 Fintech conference reflects Saudi Arabia’s leading position in the fintech landscape. The 24 Fintech event kicked off at the Riyadh …

Riyadh – Mubasher: Saudi fintech savings platform Hakbah entered into a new partnership with The Company for Cooperative Insurance (Tawuniya) at the 24 Fintech Conference that kicked off in Riyadh on 3 September. This alliance will reshape the …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) penned an agreement with Samsung to provide access to Samsung Pay service in the Kingdom during the fourth quarter (Q4) of 2024. The announcement was unveiled on the sidelines of the 24 Fintech …

Riyadh – Mubasher: MENA-focused shopping and financial services app Tabby has entered into a definitive agreement to acquire Saudi-based digital wallet Tweeq, which is licensed by the Saudi Central Bank (SAMA). The announcement came during the 24 …