Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, […]

Dubai Islamic Bank Partners with Crypto.com

Dubai Islamic Bank Partners with Crypto.com to Pioneer Sharia-Compliant Cryptocurrency Solutions

The collaboration MoU with the UAE’s largest Islamic Bank and a globally recognized pioneer in the field of Islamic finance will explore multiple opportunities to introduce Sharia-compliant platforms including tokenized Islamic Sukuks and real-world asset tokenization. Dubai, December 30, 2024 — Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB), the UAE’s […]

UAE Launches Digital KYC Platform

UAE Launches Digital KYC Platform to Enhance Banking Transparency and Combat Financial Crime

The UAE government has unveiled a cutting-edge “Know Your Customer” (KYC) digital platform, a transformative initiative aimed at boosting transparency in the banking sector, streamlining identity verification processes, and combating financial crime. Launched under Federal Decree-Law No. 30 of 2024, the platform marks a significant milestone in the Emirates’ efforts to modernize its financial infrastructure and position itself […]

UAE-based Popcorn AI secures $500,000 pre-seed funding to Transform Conversational Commerce in the Middle East

UAE-based Popcorn AI secures $500,000 pre-seed funding to Transform Conversational Commerce in the Middle East

Dubai, UAE – Popcorn AI, a leading innovator in conversational commerce, has raised $500,000 in a pre-seed funding round led by Spring Studios fund, with backing from Salica Investments, Al Waha Fund of Funds, and prominent angel investors from Saudi Arabia. This funding round marks a pivotal milestone in Popcorn AI’s journey to reshape how businesses connect, engage, and […]

NymCard Partners with Digitt Plus

NymCard Partners with Digitt Plus to Drive Fintech Innovation in Pakistan

NymCard, a global Banking-as-a-Service (BaaS) provider, has announced a strategic partnership with Digitt Plus, one of Pakistan’s premier Electronic Money Institutions (EMI). This collaboration aims to reshape the digital finance landscape in Pakistan by providing fintechs with an integrated, streamlined platform for launching wallet and card programs. As Pakistan’s digital ecosystem continues to evolve, this […]

UAE-based Warburg AI Secures $250,000 Seed Funding to Transform Financial Services with AI-Powered Solutions

UAE-based Warburg AI Secures $250,000 Seed Funding to Transform Financial Services with AI-Powered Solutions

Sharjah, UAE — Warburg AI, an emerging innovator in artificial intelligence for the financial sector, has raised $250,000 in seed funding to accelerate its mission of reshaping financial services through advanced AI-driven technologies. Founded in September 2024, the company has rapidly attracted investor confidence, securing its first funding round just months after its inception. Based in […]

Hubpay Pakistan Receives Approval for Pilot Operations as Electronic Money Institution

Hubpay Pakistan Receives Approval for Pilot Operations as Electronic Money Institution (EMI) from SBP

October 28, 2024 – The State Bank of Pakistan (SBP) has granted Hubpay (Private) Limited approval to initiate pilot operations as an Electronic Money Institution (EMI) in Pakistan. This milestone marks a key step in Hubpay Pakistan’s plans to provide secure and accessible digital financial services, tailored for individuals and businesses in the country. Hubpay […]

Dubai-Based Prop-Tech Startup PRYPCO Raises $10M In Seed Funding

Dubai-Based Prop-Tech Startup PRYPCO Raises $10M In Seed Funding To Expand Operations And Offerings

Dubai, UAE – October 22, 2024: PRYPCO, a Dubai-based property technology (PropTech) startup, has successfully raised $10 million in seed funding to drive its expansion and scale its operations. The funding round, which concluded in September, was led by Abu Dhabi’s Shorooq Partners, with strategic participation from the Dubai-headquartered retail giant, Apparel Group, along with other investors. The investment […]

UAE-based Best Kept Shared acquires BAZAARA to create the largest Fashion Rental & Resale Platform in the GCC

UAE-based Best Kept Shared acquires BAZAARA to create the largest Fashion Rental & Resale Platform in the GCC

Dubai, UAE – October 2024 – In a landmark move for the sustainable fashion industry, Best Kept Shared, Dubai’s leading designer lending, rental, and resale platform, has announced its acquisition of BAZAARA, the region’s largest peer-to-peer fashion resale platform. This strategic acquisition brings together two of the UAE’s most prominent platforms, combining forces to offer a comprehensive and […]

Emirates NBD Becomes First Regional Bank to Join Partior

Emirates NBD Becomes First Regional Bank to Join Partior, Pioneering Blockchain-Powered Payments

Dubai, 22 October 2024 – Emirates NBD, one of the leading banking groups in the Middle East, North Africa, and Türkiye (MENAT) region, has entered into a strategic agreement with Partior, a blockchain-based payment clearing and settlement platform. This collaboration positions Emirates NBD as the first regional bank to offer real-time payment settlements in UAE Dirhams, Saudi Riyals, […]