FinTech | Page 5

The app has a waitlist of over 10,000 users from across the Middle East, which was opened last March to test the region's appetite for the commission- free online trading app sector.

Operating in KSA and UAE, Tamara offers consumers with two main products on its website and app: they get to either pay for the item they buy in 30 days, or to split payments for it into three or six instalments.

National Fintech Adoption Survey by Saudi Central Bank and Capital Market Authority developed a clear understanding of how the fintech industry supports individuals and companies.

"We hope Xare plays a pivotal role in helping shape a future world- a fairer financial world, a world which is more compassionate, and a world where more people are able to help each other out."

We want to get a feel for how the COVID-19 crisis impacted your fintech business in the Middle East--this survey should take just five minutes of your time.

If you are a fintech entrepreneur, and you're looking to get your story out there in front of global and regional investors, partners, and key stakeholders in the fintech ecosystem, this is your chance.

With the support of Gold Sponsors EFG Hermes, Life on Screen and Microsoft for Startups Middle East, the Leaders in Fintech Awards 2021 was able to bring together the movers and shakers of what is predicted to be a US$2.5 billion market by the year 2022.

The Leaders in Fintech Awards 2021 will be held on June 10, 2021 at Sofitel Dubai The Obelisk in the UAE, with the event aiming to celebrate both individuals and institutions that are shaping the future of fintech in the Middle East.

Alex Alexandrov, co-founder of Velas, on how it's time for entrepreneurs (and the industry) to leverage the cryptocurrency wave.

Co-founded by Padmini Gupta and Milind Singh, this fintech startup is on a mission to reimagine financial services provided to the immigrant population.

This latest round of funding has entailed a total of $28 million raised by Foodics in recent months- a move that is expected to help the firm inch closer towards its goal of becoming the next Saudi unicorn.

Given his enterprise's focus, Almoayed likens the accelerated digital adoption the region saw in 2020 as having been a wake-up call for businesses and industries that had ignored this shift in the past.

The latest edition of the Entrepreneur Middle East Round Table presented by du emphasized the importance of pivoting business models through the course of the COVID-19 crisis.

Catalyzed by the ongoing COVID-19 pandemic, something more radical than even the unprecedented consumer uptake of financial technologies is taking place in the GCC fintech space.

The funding round boasts an impressive global investor base, ranging with participants from the US, China, Japan, Australia, Malaysia, Canada and Jordan.

15 promising scaleups from India have been shortlisted from a pool of 200 founders who applied to take part in Dubai Startup Hub's first ever Dubai Tech Tour.

The virtual trade mission, scheduled for the second week of September, will familiarize delegates with Dubai's economy and business environment, as well as the competitive advantages that the Emirate offers startups and scaleups specializing in advanced technologies.

How can e-commerce capitalize on the current trend and thrive by moving far beyond the basic sites and apps? Check out these tips.

Investment in Middle Eastern fintech companies is expected to grow to around US$2 billion in venture capital by 2022, which will fund 465 fintech companies, an increase from $80 million that was raised by 30 fintech companies in 2017.

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.

Promised to be as easy as sending a text message, the social P2P payment solution allows UAE bank account holders can use to send and receive money with just a phone number- no IBAN or SWIFT code required.