RIYADH, November 6, 2024 — Jeel, the digital innovation arm of Riyad Bank, and audax Financial Technology (audax), a pioneering provider of digital banking technology solutions backed by Standard Chartered, have announced a strategic partnership to transform the digital banking ecosystem in Saudi Arabia. This collaboration brings together Jeel’s forward-looking digital expertise and audax’s established […]
Riyadh, Saudi Arabia – Mush Social, the Saudi-based social media platform known as “Mush,” has successfully raised $1.2 million (SAR 4.5 million) in a pre-seed funding round. The round was led by Nefal Advisory with additional investments from Nahr Aljazeera Holding Company and a group of angel investors. Founded in mid-2022, Mush Social aims to […]
Riyadh, Saudi Arabia — Teradix, a leading provider of advanced eProcurement solutions across the MENA region, has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator programme at King Abdullah University of Science and Technology (KAUST). This funding aims to support Teradix’s ambitious expansion into the Saudi market, enhancing its capabilities to streamline procurement […]
Dubai, UAE – Mastercard has announced a strategic, multi-year partnership with leading digital B2B payments company, PayMate, to accelerate and simplify business-to-business (B2B) payments across Eastern Europe, the Middle East, and Africa (EEMEA). This collaboration aims to address significant B2B payment challenges in the region, including limited transaction visibility, manual invoicing, and restricted payment options—all […]
Ziraat Bank KSA, a subsidiary of Turkey’s Ziraat Banking Group, has successfully completed a major upgrade to its core banking system, Upgrading TAFC R17 to the TAFJ R24. This strategic upgrade was executed with the expertise of DevisersTech, a key player in delivering cutting-edge banking solutions in the region. DevisersTech played a pivotal role in […]
CAIRO: Fintech experts believe Saudi Arabia is positioned to lead the regional landscape in decentralized finance, and also solve some challenges on the horizon. With active support from the Saudi Central Bank, also known as SAMA, and initiatives like Vision 2030, the Kingdom is creating an ideal environment for solutions to so-called DeFi to flourish. […]
Riyadh, Saudi Arabia – In a landmark move to advance economic growth and foster innovation in the lending sector, Mastercard has signed a strategic partnership agreement with Nama United Financing Company during the Seamless Middle East & Saudi Arabia event. This collaboration is set to drive the adoption of digital payments in Saudi Arabia, furthering […]
Riyadh, Saudi Arabia — October 2024 — In a significant development for the region’s investment sector, BIM Ventures and Japan-based SBI Holding have announced the launch of BIM Capital, a pioneering joint venture focused on harnessing growth opportunities across Saudi Arabia and the wider Middle East. The announcement took place at the Future Investment Initiative […]
RIYADH — Saudi Arabia’s Public Investment Fund (PIF) and Google Cloud have signed a landmark strategic partnership to establish a global artificial intelligence (AI) hub in Dammam, located in the Eastern Province. Announced during the 8th Future Investment Initiative (FII8), this collaboration aims to position Saudi Arabia as a premier destination for AI innovation, serving […]
In a strategic acquisition, Ayen, the Riyadh-based real estate inspection platform, has acquired the Cairo-based construction technology (contech) startup Elmawkaa in a seven-figure deal. This milestone positions Ayen to expand its portfolio of services, enhancing its market reach and solidifying its presence in the regional real estate and construction sectors. Ayen’s Founder and CEO, Ali […]