Finance | Page 10

Everyone involved in the industry has their role to play in ensuring that certain standards of protection are met, thereby strengthening the blockchain industry, and rebuilding its reputation.

Tabby has become the first fintech startup in the GCC to receive funding from PayPal Ventures.

Founded by ex-McKinsey employees Parthi Duraisamy and Karun Kurien in August 2022, Alaan has averaged a monthly growth of 500% since then.

Due to the robustness of the oil price, the trend towards digitization, and the significant expenditure of governments on development, diversification, and infrastructure, the Middle East should be exciting to watch as an investment destination.

The expected market contraction will be an opportunity for many fintech companies to focus on their product and service offerings.

Having raised US$5 million at the start of the pandemic in February 2020, Eat App has now fully concluded its Series B round by securing additional $6 million.

Mazaya was founded in December 2021 with a mission to empower retailers and merchants of electronic goods and home appliances by enabling them to efficiently procure inventory for their stores through the Mazaya app.

Fintech offers the means to leapfrog old technologies straight to the new to a huge and receptive market waiting to take advantage, and we have only just scratched the surface in this regard.

A new edition of Dtec Forum, powered by Entrepreneur Middle East, is scheduled to be held on Monday, September 19, 2022, from 4pm to 6pm at Radisson RED Dubai Silicon Oasis.

"Understand that acquiring a business is not about integrating but instead about accelerating the overall vision of the company."

While it's easy to focus on the financial aspects of a business plan to secure investment, there are other key areas that are often overlooked.

Building on the UAE's strategic industrial partnership with Jordan, ADQ commits to investing in advancing Jordan's core sectors.

According to H.E. Omar bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, the UAE provides the ideal stepping-off point for fintech entrepreneurs from around the world.

Dubai, a city with a flourishing economy, is a trailblazer for technological innovation, and it is now competing to become a global hub for blockchain innovation and crypto enthusiasts.

Hatch & Boost Ventures will aim to make sustainable and social impact across the MENA region.

Drug development can be a lengthy and costly process, but the final lifesaving product is arguably priceless.

Together with his two partners, Muna AbuSulayman and Rama Chakaki, Raed Masri hopes that the work Transform VC that does will become a pillar of support for enterprising individuals with Middle Eastern roots looking to build businesses in the US.

In this edition of #CryptoConversations, we spoke with Denko Mancheski, CEO and founder of Reef, the most advanced EVM-compatible blockchain.

At the end of Q3 2021, there were 206 fintech unicorns around the world, each worth over US$1 billion; 119 of these fintech unicorns were minted in the first nine months of 2021 alone.

TruKKer will deploy the fresh funds to deepen its presence across all existing markets and launch several new products and features.

Wa'ed's decision to target later stage funding rounds is a result of 2021 having been a transformational year for the enterprise, said Managing Director Fahad Alidi.

A new Access Sharjah Challenge, Al Mamsha, by Sheraa and Alef Group, will offer a cash prize pool of AED500,000 and AED2.5 million worth of technical support and fit-out packages.

Powered by Fintech Saudi, the special report, An Ultimate Guide To Fintech In The Kingdom Of Saudi Arabia, uncovers first-mover advantage opportunities in the kingdom's fintech industry.

Female and diverse teams still struggle to raise capital, although they tend to outperform, says the Mindshift Capital team.

Lamaa, a Riyadh-based fintech startup, has raised a seed investment in a round led by Raed Ventures and Saudi Aramco's entrepreneurship arm Wa'ed.

EFG Hermes' Investment Banking Division closed a record eight transactions to date worth US$ 3.5 billion.