TechMal, a specialist in residential rental financing solutions, has raised SAR 3.75 million ($1 million) in a pre-seed investment round led by Al Majdiah Investment and other investors. Founded in 2024, TechMal is a microfinance company licensed by the Saudi Central Bank. The company aims to provide innovative financing solutions for the documented residential rental […]
In a strategic move set to reshape the digital business landscape, PayTabs has announced a partnership with Digital Haze. This collaboration aims to enhance PayTabs’ reach and impact, transforming digital business ideas across the Levant region into profitable and lucrative ventures. With PayTabs’ robust payment solutions and Digital Haze’s expertise in digital innovation, the partnership […]
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced it has led a $6.5 million investment round for the US-based artificial intelligence company aiXplain. This brings aiXplain’s total funding to $16.5 million since its inception in 2020. Founded by Hassan Sawaf, a technology veteran with over 25 years of experience at Meta, Amazon, […]
15 July, 2024, Riyadh, Saudi Arabia: 5dVR, a premier virtual reality content and production studio, has officially expanded to Saudi Arabia, partnering with AstroLabs, the Gulf’s foremost business expansion platform. This strategic move aligns with 5dVR’s mission to enable a diverse range of businesses to harness the power of augmented reality (AR), mixed reality (MR), […]
Arab Bank has introduced a state-of-the-art electronic payment service through its Point of Sale (POS) devices in collaboration with Geidea, a leading fintech and payment solutions provider. This initiative supports Egypt’s Vision 2030 for digital transformation and aligns with the Central Bank of Egypt’s vision for sustainable economic development, emphasizing financial inclusion and accessible financial […]
Riyadh, Saudi Arabia — July 12, 2024: Arab National Bank (ANB) has announced the signing of a strategic marketing agreement with Talaat Moustafa Group (TMG), a leading real estate developer. This partnership aims to provide TMG’s customers in Saudi Arabia with attractive financing options, featuring a competitive profit margin. The agreement was formalized in a […]
July 12, 2024 – In a significant move set to enhance the digital payment landscape, neoleap has announced the signing of a strategic cooperation agreement with Newland Payment Technology (NPT). This partnership aims to integrate fintech resources with cutting-edge digital payment technologies, representing a pivotal step towards fostering innovation and expanding the scope of digital […]
Riyadh, Saudi Arabia – July 8, 2024: EdfaPay, a leading provider of FinTech services, proudly announces its expansion into Morocco after securing an official operating license. This milestone aligns with the company’s vision of empowering the global financial sector through innovative solutions. The new license enables EdfaPay to introduce its advanced financial technologies, including SoftPOS […]
Jeddah, Saudi Arabia – Tamara, a leading financial technology company, is thrilled to announce a strategic partnership with flyadeal, one of the youngest and fastest-growing low-cost airlines in the Kingdom of Saudi Arabia and the Middle East. This collaboration aims to empower millions of customers by enabling seamless payment splitting for airline tickets, making travel […]
Egypt based EXITS MENA, a leading fintech advisory and arrangement firm for startups and SMEs in the MENA region, has announced a new strategic partnership project in the Kingdom of Saudi Arabia. This collaboration aims to bolster the company’s commitment to supporting entrepreneurs and startups in the Kingdom. The initiative is supported by a group […]