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, […]
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 […]