Tarabut Gateway lands $32m in Series A funding
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
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With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
The new offering will allow businesses in the region to integrate digital payments into their operations.
The consortium is made up of CVC Capital Partners and global tech investment firm Francisco Partners.
The corporate digital banking platform unifies trade, supply chain finance, lending and treasury services.
Chief sustainability officer of FAB talks about the critical role of banks in supporting an ESG agenda.
Ong joins from UK digital mortgage lender Molo, where he spent three years as COO.
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
According to both firms, the partnership is the first between a bank and a fintech in Saudi Arabia.
The central banks will conduct joint proof of concept and pilots of bilateral CBDC cross-border transactions.
Goodrich will lead the data engineering, predictive analytics, credit risk and fraud functions across Ezra.
Through the partnership, Mashreq will leverage i2c’s SaaS platform to offer digital payments.
Longhini joins from Edmond de Rothschild where he was CEO of private banking.
Maher Loubieh, co-founder of Hala, says Paymennt’s product was a “clear fit” with their own strategy.
VARA says the new framework will offer “regulatory certainty”, giving market participants greater clarity.
The UAE is aiming to become a “financial and digital payment hub”.
Derek Lakin has more than 20 years’ worth of experience in the software industry.
Dubai Investments says the acquisition gives it a “unique opportunity” to move into the digital banking space.
The Dubai-based firm plans to use the funding to support its growth and expand its product line.
Mashreq Neo is the digital offshoot of UAE’s Mashreq – “a bank for a brilliant new world” – launched in 2017.
Fintech Galaxy will leverage Underlie’s open banking APIs expertise to speed up market penetration in Egypt.
Network’s new hire Sandeep Chouhan brings over three decades of experience working in consumer banking and payments.
Now Money provides mobile banking services to the financially underserved, including low-fee cross-border remittances.
Azentio says its iMAL platform will enable National Bonds to roll out Islamic products and services faster.
Moove intends to use the funding to scale to 2,000 EVs in the UAE over the coming year.
The start-up offers investors access to more than 6,000 US stocks and ETFs.
The Dubai-based start-up wants to improve youth financial literacy, targeting the under-18s.
Invest Bank is one of the first in the UAE to adopt a full SaaS model for digital and core banking systems.
Two banks in Iraq and one in the UAE are implementing BML Istisharat’s ICBS core banking system.
The regulatory authority also says that the bank acted outside the scope of its DFSA licence.
The challenger says it chose Mambu’s API-led cloud platform to achieve a “faster” time to market.
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
The round saw participation from new international investors and 10 existing investors.
The DFSA says it is a “progressive regulator” that recognises the growing interest in crypto.
Mamo can now provide money services and expand operations without user restrictions.
The start-up has officially launched in the UAE and Saudi Arabian markets.
If completed, the new funds will take the firm’s total Series A raise to $61 million.
Fintech Surge will host top innovators across digital banking, paytech, insurtech, regtech and much more.
Former Salt Edge CEO and co-founder Dmitrii Barbasura joins as COO while Iaroslav Babenco joins as CFO.
Verity aims to help children develop their personal finance skills.
It will provide financial solutions via digital banking apps, embedded finance and as Banking-as-a-Service.