Riyadh, KSA – September 2024 – Reachware, a leading technology provider, has entered into a strategic partnership with Tawuniya, one of the region’s foremost insurance companies, to revolutionize the insurance industry through cutting-edge automation and system integration. This collaboration marks a significant milestone in the digital transformation of insurance operations. The agreement was formalized in […]
Riyadh, Saudi Arabia – In a landmark development, UmrahCash, a fintech startup based in Riyadh, has secured a $500,000 investment from Adaverse Venture Fund, marking a significant step toward modernizing the Umrah pilgrimage experience. This innovative solution aims to address financial challenges faced by pilgrims, particularly from developing nations, by providing seamless access to Saudi […]
Riyadh, Saudi Arabia – Ottu, a leading provider of payment solutions in the MENA region, has announced a strategic partnership with The Saudi National Bank (SNB) to revolutionize payment systems across the Kingdom. This collaboration will leverage Ottu’s cutting-edge Smart Router technology to provide businesses in Saudi Arabia with optimized, secure, and seamless online payment […]
The UAE and Saudi Arabia are witnessing a significant shift toward digital payments as consumers increasingly adopt modern shopping trends, according to the latest analysis from Checkout.com. The data highlights a marked rise in online shoppers, the growing popularity of Buy Now, Pay Later (BNPL) options, and increased consumer confidence in sectors such as travel. […]
Riyadh, Saudi Arabia – Emkan Finance, a leading Saudi fintech company renowned for its innovative financing solutions, has officially received a license from the Saudi Central Bank (SAMA) to offer deferred payment services, popularly known as “Buy Now, Pay Later” (BNPL). The announcement comes in conjunction with Emkan’s participation as a strategic partner in the […]
In a groundbreaking partnership, MyTM has teamed up with Fortify to transform the real estate sector in Saudi Arabia through innovative fintech solutions. This collaboration aims to streamline real estate transactions, making them smarter, faster, and more reliable, ultimately enhancing the overall customer experience. The strategic alliance is set to revolutionize how real estate deals […]
In a major leap forward, MONEYMOON has officially received authorization from the Saudi Central Bank (SAMA) and made a powerful entrance into the fintech scene with its official launch at 24Fintech. MONEYMOON made an impactful debut at 24Fintech and social media, where it captivated audiences with its one-of-a-kind Peer-to-Peer (P2P) lending model. MONEYMOON is setting […]
Riyadh – The Saudi Mortgage Guarantees Company (Damanat) has forged significant global partnerships aimed at bolstering the Kingdom’s real estate mortgage market. The agreements were finalized during a recent visit to the United States, where Damanat was part of the official delegation led by Minister of Municipalities and Housing, Majed bin Abdullah Al-Hogail. Hossam Y. […]
August 8, 2024 – Riyadh, Saudi Arabia: Saudi-based social networking platform “Link” has successfully closed its seed funding round, raising $1.6 million. The funding round was led by Core Vision, alongside prominent Saudi investor Badr Al-Arjani. Founded in 2020 by Abdullah Al-Othman, Link has quickly made its mark in the digital space, offering an array […]
July 24, 2024 – Kemitt, Egypt’s premier e-commerce platform for furniture and home accessories, has announced its expansion into the Saudi Arabian market. This strategic move comes on the heels of a recently secured funding round, whose amount remains undisclosed, reflecting increasing investor confidence in Kemitt’s innovative business model and strong growth prospects. Since its […]