In a landmark move for the MENA gaming industry, Jetapult, a global strategic investment company backed by Accel, has acquired a significant stake in UMX Studio, one of Saudi Arabia’s leading homegrown game development companies through an all-cash transaction of $4.5 million (about Rs 37.8 crore). The multi-million-dollar all-cash transaction marks Jetapult’s first investment in […]
Riyadh, Saudi Arabia – October 2024 – Nana, a leading provider of digital shopping solutions in the Kingdom of Saudi Arabia, has announced the acquisition of the “Rasseed” application, a platform specializing in simplifying the purchase of branded and local gift cards. This strategic acquisition marks a significant step forward in Nana’s expansion plan, aligning […]
Dubai-based Metric has announced a strategic partnership with Saudi Arabia’s Spare, aimed at bringing cutting-edge financial automation and intelligence to businesses across the Kingdom. This collaboration promises to transform the way businesses in Saudi Arabia manage their financial operations, providing them with secure, real-time access to critical financial data. By joining forces, Metric and Spare […]
Silicon Valley, San Francisco – Core Vision Investment has announced the successful closing of a $1.5 million investment round with Krti, marking a significant milestone in the growth of the fintech ecosystem. The funding round, led by Core Vision Investment, is part of the Financial Technology Investment Program organized by The Financial Academy. This investment […]
Jeel, a leading Saudi fintech company supported by Riyad Bank, is thrilled to announce the appointment of George Harrak as its new Chief Executive Officer. A renowned transformational leader, George brings over 20 years of experience in driving business strategy, innovation, and operational transformation across the global banking and ICT sectors. In his distinguished career, […]
Bahrain, October 2024 – ATME, a regulated digital assets exchange, has officially launched during FinTech Forward 2024, an event hosted by the Bahrain Economic Development Board (EDB). Licensed by the Central Bank of Bahrain (CBB), ATME aims to democratize access to previously illiquid assets through fractional ownership, marking a new chapter in Bahrain’s fintech and […]
Riyadh, 26th September 2024 – THIQAH, a leading technology solutions provider, has announced a strategic partnership with Ratl Tech to invest in the “MUHIDE” platform. This innovative platform, focused on enhancing documentation and legal governance in commercial relations, aims to transform the way businesses handle transactions by leveraging advanced technology and digital solutions. The agreement […]
Riyadh, Saudi Arabia, 25 September 2024: In a strategic move to enhance the digital payment ecosystem in Saudi Arabia, PayerMax, a leading global provider of payment solutions has announced a strategic partnership with Saudi Awwal Bank, a leading bank in the Kingdom of Saudi Arabia Kingdom. This partnership aims to redefine the digital payments landscape and […]
Riyadh, September 2024 – Najm for Insurance Services has introduced an innovative “virtual visit” channel, enabling customers to connect via video calls with customer service representatives through its website. This latest offering aligns with Najm’s commitment to enhancing customer experience by delivering high-quality services, leveraging digital technologies to ensure seamless access anytime, anywhere. The “virtual […]
Riyadh, Saudi Arabia – J-B | جيبي, a leading financial services provider in the Kingdom, is excited to announce the signing of a strategic partnership with OMODA JAECOO, one of the world’s premier manufacturers of premium cars. This agreement aims to provide OMODA JAECOO customers in Saudi Arabia with flexible and tailored financing options, making […]