Based in Paris, the startup raised $18 million (approx £13.2 million) in a Series A round from its existing investors Global Founders Capital and Partech. This funding round follows the USD 4.3 million (approx. GBP 3.1 million) seed round back in May 2020. Pennylane enables businesses to access their complete, and up-to-date financial data at any […]

Wahed Inc. has announced that it will acquire Niyah Ltd,  a UK-based fintech that is creating a banking app and ethical financial platform catered to the Muslim community. Wahed’s acquisition of Niyah will honour the firm’s commitment to service the UK market by offering customers access to interest-free financial products including  digital bank accounts, debit […]

tabby has announced that it has raised Series A financing of $23m in debt and equity led by Arbor Ventures and Mubadala Capital, with participation from STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and Arab Bank. This funding will fuel the company’s next stage of growth, […]

The Central Bank of Oman (CBO) has launched will launch the Fintech Regulatory Sandbox (FRS) initiative on Thursday December 10th, 2020, through which participants can apply to live test their innovative Fintech solutions, that are enabled by new technologies, in a safe environment under the supervision of the CBO. The CBO therefore issued the framework […]

The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB)  signed a Co-operation Agreement (CA) to strengthen cooperation in FinTech innovation between Singapore and Hungary. The CA sets out a framework for fintech collaboration between both countries. It will put in place a referral mechanism to help fintech firms access each other’s markets. […]

Dubai International Financial Centre, global financial center in the Middle East, Africa and South Asia (MEASA) region, has granted a financial services license to Ebury. Ebury has become the first company to be granted such a license to engage in money services under the Dubai Financial Services Authority’s (DFSA) comprehensive Money Services Regime. With the license […]

Fintech Saudi has announced the third annual Fintech Tour to be held from 29 November – 10 December 2020. Fintech Tour is the region’s largest cluster of fintech events. The Tour consists of free lectures, panel discussions and workshops in Arabic and English on fintech related topics that are led by local and international experts […]

The Central Bank of the UAE has announced the launch of the CBUAE FinTech Office during FinTech Abu Dhabi 2020, Which aims to develop a mature FinTech ecosystem within the UAE and position the nation as a foremost FinTech hub regionally and globally. The CBUAE FinTech Office will be working hand in hand with the […]

In collaboration with Mastercard, ZEN have launched a suite of digital finance solutions which will enable consumers, freelancers and entrepreneurs to effortlessly manage their financials and cash flow, as well as pay safely and conveniently both online and in-store with contactless payment card. ZEN customers can get card either in plastic or digital-only form. The […]

Singapore-based fintech company, Lightnet Pte. Ltd. (Lightnet Group), has announced a partnership with Siam Commercial Bank (SCB). The partnership makes remittance services accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that enables instant bank-to-bank fund transfers. Suvicha Sudchai, Chief Product Officer of Lightnet Group says, “SCB will be […]