FINTECH Archives

Startup Spotlight: Tamara

Tamara, a shariah-compliant buy now, pay later (BNPL) service, is making a significant impact in the regional market. Founded in Riyadh, Saudi Arabia, in late 2020 by serial entrepreneur Abdulmajeed Alsukhan, Turki Bin Zarah, and...

by WAYA Staff - Mar 23, 2023

<strong>Saudi delivery platform </strong><strong>Tkyr <strong> secures US$4m in pre-series A investment round</strong>

Startups

Saudi delivery platform Tkyr secures US$4m in pre-series A investment round

Tkyr, a Saudi digital platform for food delivery, secured a US$ 4 million fund in a Pre-series A round by a number of...

by WAYA Staff - Mar 26, 2023

Markets
ADGM approves financial service permission for swiss digital bank Syngum

The financial service regulatory, Abu Dhabi Global Markert’s (ADGM) announced giving permission for Sygnum, a Zurich-based digital asset bank, to start Sygnum Bank Middle...

by WAYA Staff - Mar 26, 2023

Tech
Abu Dhabi’s G42 buys stake in TikTok owner ByteDance

Abu Dhabi-based AI firm G42 bought a $100 million plus stake in Tiktok-parent ByteDance. The deal has brought the total value of the ByteDance to $220 billion,...

by WAYA Staff - Mar 23, 2023

Startups
Bahraini Estater startup raises US$5m in Series A round

Bahraini AI-based startup announced the closing of a series A funding round at more than US$5 million, according to a company’s...

by WAYA Staff - Mar 23, 2023

Startups
Startup Spotlight: Tamara

Tamara, a shariah-compliant buy now, pay later (BNPL) service, is making a significant impact in the regional market. Founded in...

by WAYA Staff - Mar 23, 2023

Tech
New investment plan in SpaceX by Saudi Arabia, UAE

New investment plan in SpaceX by Saudi Arabia, UAE Badeel, a subsidiary of Saudi Arabia’s investment fund, and UAE’s Alpha...

by WAYA Staff - Mar 23, 2023

Money
WB approves US$7b for development cooperation in Egypt

The Word Bank approved a new Country Partnership Framework at a budget of US$7 billion, including IFC-backed US$2 billion for the...

by Waya Staff - Mar 22, 2023

Markets
Rakiza secures US$1b to invest in Omani, Saudi construction projects

Infrastructure investor Rakiza it had closed its first fund at more than US$1 billion. The Omani fund announced that 25% of its...

by WAYA Staff - Mar 22, 2023

Tech
Central Bank of UAE approves direct debit platform for cashless solutions

The Central Bank of UAE authorized the launch of a fintech platform, developed by a Direct Debit System, to allow all UAE citizens...

by WAYA Staff - Mar 22, 2023

Money
Egypt suspends sale of Telecom Egypt stake -sources

Telecom Egypt, a government-owned telecom company, has suspended the recent decision to sell 10 percent of its stake. The news reports...

by WAYA Staff - Mar 22, 2023