Governments are not only increasing regulation of fintech companies, but they are also actively building new technologies that seemingly compete with them.
Co-founded by Padmini Gupta and Milind Singh, this fintech startup is on a mission to reimagine financial services provided to the immigrant population.
With an aim to expand through the Middle East and work with diverse regulators, the co-founders hope to further their vision of mass adoption of crypto assets in the region.
Former International Finance Corporation (IFC) head for MENA and Pakistan Issa Aghabi on co-founding Access Bridge Ventures (ABV), a MENA-focused early-stage venture capital fund.
"Having more meaningful time to think and rethink through an investment, especially in a changing and unprecedented global context, has proven to be really valuable."
Conscious investing creates a framework for viable investments that will advance social and environmental solutions and produce financial returns in the process.
CSR, diversity, employee engagement, and retention -the non-financial and non-market related factors, the soft facts until recently were little more than a box-ticking exercise for investors– have taken on a renewed prominence in any VC's decision-making process.
Marcel Muenster, a Johns Hopkins-trained medical doctor, digital health entrepreneur, and early-stage investor, on changing the way the global investment community approaches the well-being of startup founders.
While a stronger currency might sound nice, from an economic standpoint, a general weakening in the dollar in the current economic climate is seen as more befitting.
The acquisition of Payguru, which was founded in 2015 and has been the first mobile payment company to receive a license from the financial regulator, will expand Tpay Mobile's offering of alternative payment products and financial technologies and will contribute to further growth across geographies and business lines.
Improving financial inclusion for SMEs could boost annual economic growth by 1% per year, and also lead to a potential 16 million jobs by 2025 in the Middle East and Central Asia regions.
Our challenges here relate largely to the barriers created by existing banking systems, which will take time to overcome, and regulatory challenges that regulators across the region are already working hard to rectify.
By giving people access to their earned income (both salary and commissions), and potentially giving them access to pensions or end of service funds whenever needed, we could create a knock-on effect that could transform the local and global economy.