RIYADH, May 20, 2024 – Riyadh-headquartered rewards and engagement platform Merit has successfully raised $12 million in an oversubscribed pre-Series B funding round. The round was led by Alistithmar Capital i-Cap, the investment arm of The Saudi Investment Bank (SAIB), with participation from existing investors, including Saudi’s Tech Invest Com and Hambro Perks Oryx Fund, […]
In a groundbreaking collaboration set to revolutionize the Gulf business landscape, Geidea, Samsung Gulf, and Sharing Group have announced the largest partnership of its kind in the region. This strategic alliance aims to introduce state-of-the-art Samsung devices and systems as innovative payment solutions across the Gulf market. As the first step in this ambitious initiative, […]
During the bustling days of the Seamless 2024 exhibition in Dubai, a significant collaboration unfolded between two prominent players in the fintech realm. The Saudi-based fintech application, barq, and TerraPay, a leading global money movement company, inked a strategic partnership aimed at enhancing international money transfer services. The agreement, signed amidst a backdrop of innovation […]
Title: Pakistani Startups Introduce Sullis Hajj Card for Cashless Pilgrimage Experience In a groundbreaking collaboration, Pakistani startups MyTM and Zindigi, alongside JS Bank and MasterCard, have unveiled the Sullis Hajj Card. This innovative financial product aims to provide pilgrims with a seamless cashless experience during their spiritual journey. MyTM, renowned for its digital payments and […]
Alraedah Digital Solutions, a leading technology company and the innovation arm of Alraedah Digital Group, is thrilled to announce a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. The collaboration marks a significant milestone in Alraedah’s commitment to fostering innovation and driving regional financial inclusion. Under the terms of […]