FinTech
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FinTechVentureBahrain-Based Floos Secures $22 Million Financing Deal Led by Shorooq to Support Shariah-Compliant Consumer Finance
Floos Bahrain has secured a $22 million credit facility, structured and led by Shorooq, in a move that strengthens the…
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FinTechStartupsMENA Sustainable Finance Market Hits $35.1 billion Led by Financials andEnergy: Bloomberg Intelligence
A new report by Bloomberg Intelligence highlights the continued structural evolution of the Middle East and North Africa’s (MENA) sustainable…
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FinTech
AFS Egypt Launches SoftPOS Solution to Turn Android Phones into Smart Point-of-Sale Devices
AFS Egypt launches a fully licensed SoftPOS solution approved by the Central Bank of Egypt. The service enables Android smartphones…
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FinTech
Financial Regulatory Authority and eFinance Launch Egypt’s First Integrated Digital Payments Network for the Non-Banking Financial Sector
Egypt launches its first integrated digital payments network dedicated to the non-banking financial sector. The platform enables secure electronic registration,…
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FinTechVenture
Ressan Holding Buys 20% Stake in Qirat Advisory to Support Saudi Companies
Saudi-based Ressan Holding has acquired a 20% stake in Qirat Advisory, a company specializing in financial solutions for businesses, with…
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VentureFinTech
Woliz closes a PRE-SEED funding round of $2.2 million led by Sanlam Maroc to support the retail sector in Morocco and Africa
The Moroccan company Woliz announced the completion of a PRE-SEED funding round worth $2.2 million, led by Sanlam Maroc.
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FinTechStartups
Visa Accelerates African Fintech Innovation with 4th Cohort Demo Day in Cape Town
Visa, a global in digital payments, convened founders, investors, corporate partners, and industry leaders in Cape Town for the Visa…
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FinTech
FRA Grants “Thunder Technology Holding” a License to Manage Investment Portfolios and Funds
The Egyptian Financial Regulatory Authority (FRA) has officially licensed Thunder Technology Holding to operate investment portfolio management and investment fund…
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FinTechE-Commerce
CBE Grants Flash App a License to Provide E-Payment Services
The Central Bank of Egypt "CBE" has approved FLASH to obtain its license to operate as a facilitator and coordinator…
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FinTech
SAMA Announces the Cancellation of FAS Finance’s License
The Saudi Central Bank (SAMA) has canceled the license granted to FAS Finance for practicing micro consumer financing through fintech…
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