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DEWA & EPIC Offers 10% Stake in Empower in their 4th Government-linked IPO

World Fintech News October 24, 2022 0

The Dubai Electricity and Water Authority (DEWA) and Emirates Power Investment Company (EPIC) will issue a 10% stake in Empower in their fourth government-linked IPO this year. The subscription period will begin on October 31 and end on November 7. Dubai intends to issue 10% or 1 billion shares

Investments & Exits

Brilliant Signs for Five FS- Seed Funding Targets Accomplished

World Fintech News October 15, 2022 0

According to a recent report, Five FS, a Dubai-based financial services platform, has secured US$3.5 million in seed funding. The round was led by Zeyshare Ventures, a Romanian venture capital firm. Five FS is a platform that lets people compare offers from different financial institutions for five important financial services: loans, leasing, mortgages, deposits, and […]

Insights Investments & Exits

ADQ Bets It Large On Aliph Capital’s fund

World Fintech News October 11, 2022 0

ADQ has invested $125 million in Aliph Capital’s fund. The Aliph Fund I (LP) is a private equity fund that invests in mid-sized UAE and GCC companies. Huda Al-Lawati, founder and CEO of Aliph Capital, said that digital and tech enablement levers will be important for GCC-based private equity in the region’s midmarket growth. ADQ […]

Investments & Exits

UAE-based FinTech YAP all set to Raise $20mn

World Fintech News October 6, 2022 0

In a recent development, UAE fintech start-up YAP is in discussions with investors and VCs to fund an extra $20 million, as it aims to fuel its plans for expansion in South Asia and Africa. The idea is to raise an extra $20 mn after completion of Series A round before the year ends, observed […]

IPO News

Burjeel Holdings Comes Out With A Public Offer; Finalises Share Price

World Fintech News October 5, 2022 0

The private healthcare corporation of UAE, Burjeel Holdings has come out with a public offer where stocks can be subscribed at 2 AED per share. Prior to the opening, the IPO subscribed 29 times to the allotments available. So, in all probability, the valuation of the stock will increase substantially from the offered price of […]

Investments & Exits

4 New Fintech Firms Get the Nod to Operate Under SAMA Regulatory Sandbox

World Fintech News September 30, 2022 0

In the latest announcement, SAMA (Saudi Central Bank) permitted a few of the fintech firms to operate under its regulatory sandbox. Spare Arabian Financial Company, Wally Global Arabia, Istishraf Al-Bayanat for Financial Technology, and Sanam Aliliddikhar for Information Technology were the first four to enter, with a target to bring in 42 companies. Out of […]

Mergers & Acquisitions

Tabby Signs Deal With Paymob to Improve Egypt’s Economic Growth

World Fintech News September 27, 2022 0

A partnership to fuel retailer growth. UAE-based BNPL (buy now, pay later) provider Tabby is gearing up to get into a partnership with the payments company Paymob. Most awaited for Egypt’s growth, these firms have collaborated to allow the customer of Paymob to access Tabby’s payment service. Paymob users will henceforth be able to use […]

Investments & Exits

Abu Dhabi’s ADQ to Invest $200 Million in Tech Startups

World Fintech News September 26, 2022 0

Further Ventures, anchored by Abu Dhabi’s ADQ, is planning to financially support tech startups like fintech, supply chain, and digital assets. A statement issued by ADQ said that Further Ventures would collaborate with its founders to provide capital from preseed to growth design, engineering, design, market access, and regulatory support to teams who want to […]

Investments & Exits

Exits.me Raises $1 Million in Pre-seed Round

World Fintech News September 21, 2022 0

The Egypt-based investment banking venture Exits.me raised $1 million in the pre-seed round, which was funded by the Exits.me in the UK. Exits.me is an online platform and financial advisory service started in 2022 by Ahella Al-Saban, Mohamed Aboul-Naga, and Ayman Al-Tanbouly that facilitates M&As and other similar investments. Mohamed Aboul-Naga’s M&A consultancy

Investments & Exits

Saudi-based Fintech erad raised $2.4 MN to enhance its funding platform

World Fintech News September 19, 2022 0

A fintech startup based out of Saudi – erad – today announced that it has raised USD 2.4 million in pre-seed funding roud. The funding was backed by Khwarizmi Ventures and Nuwa Capital from the UAE. With its data-driven platform, the company provides growth investments for Middle Eastern digital enterprises. The platform analyses an applicant’s […]