Riyadh, Saudi Arabia: Cenomi Centers, the leading owner, operator and developer of retail lifestyle destinations in Saudi Arabia, is pleased to announce a strategic partnership with Visa, a world leader in digital payments. This collaboration is set to transform Cenomi’s loyalty program, offering customers unparalleled offers, benefits and exceptional experiences. Under the partnership, Cenomi Centers will […]
Riyadh, Saudi Arabia – January 20, 2025: Wilow, an emerging tech startup specializing in innovative laundry solutions, has successfully closed an undisclosed Pre-Seed investment round. The funding comes from a group of angel investors and marks a significant step forward in the company’s growth journey. Founded in September 2024 by Mohammed Al-Marri and Wijdan Al-Otaibi, […]
Riyadh, Saudi Arabia — Rize, a leading real estate technology company in the Kingdom of Saudi Arabia, has successfully closed its Series A investment round, raising SAR 132 million (USD 35 million). The round, which includes a mix of equity and debt, was led by Raed Ventures, with participation from SEEDRA Ventures, Aqar Platform, JOA […]
The Saudi Central Bank (SAMA) has officially granted a license to Nama United Financing Company, enabling it to offer a range of financial services, including real estate finance, production assets finance, SME finance, finance leasing, and consumer finance. This move marks a significant milestone in Saudi Arabia’s financial ecosystem, increasing the total number of finance […]
Global – Kudo Trade, a leading innovator in global financial trading services, is proud to announce that it has been granted a prestigious license by the Financial Services Commission (FSC) of Mauritius. The license, numbered GB24203599, underscores Kudo Trade’s commitment to operating at the highest standards of regulatory compliance and delivering exceptional services to its clients […]
Riyadh, Saudi Arabia – January 16, 2025 The Saudi Central Bank (SAMA) has announced a strategic agreement with Google to introduce Google Pay in Saudi Arabia through the national payment system, mada. The service is set to launch in 2025, as part of SAMA’s ongoing initiatives to enhance the Kingdom’s digital payments ecosystem under the […]
Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab Advisors […]
Manama, Bahrain – Eazy Financial Services “EazyPay”, a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, is proud to announce its win in the “Innovating in Crypto Acceptance in MENA” category at the Mastercard EDGE 2024 Awards. The ceremony, held on October 16th in Dubai, recognized EazyPay’s significant contributions […]
Abu Dhabi, United Arabic Emirates, 13 January 2025 – Velexa, a leading WealthTech innovator, and Ajyad Capital, a renowned investment management firm based in the Kingdom of Bahrain, have signed a Memorandum of Understanding (MoU) to establish a strategic alliance aimed at revolutionizing investing landscape in the GCC region. This partnership is aimed at supporting the goals of […]
Saudi Arabia has emerged as the leading destination for venture capital (VC) funding in the Middle East and North Africa (MENA) region in 2024, according to the newly released “2024 Emerging Markets Venture Capital Report” by MAGNiTT. The Kingdom recorded an impressive $750 million in VC investments, accounting for 40% of the total VC funding […]