Dubai BNPL firm Tabby secures $150m debt financing
The debt financing has been supplied by Atalaya Capital Management and existing investor Partners for Growth.
The debt financing has been supplied by Atalaya Capital Management and existing investor Partners for Growth.
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
LFC has also received a preliminary approval from Saudi Arabia’s regulator, SAMA.
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Both financial institutions are set to implement Backbase’s Engagement Banking Platform.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The cash will go towards expanding its product offering and supporting its international expansion.
D360 becomes the third digital bank in Saudi Arabia to be licensed.
The Saudi Investment Bank has implemented Moneythor’s personal financial management tools.
The Series A funding round was led by Sequoia Capital India.
New Saudi Arabian fintech aims to help SMEs with their growth.
The round takes the company’s valuation up to $300 million.
STC Pay and ARTAR given green light by central bank.
The BNPL provider aims to reach all GCC markets by the end of the year.
The kingdom enlisted the help of IBM and Mastercard for the roll-out.
Saudi Arabian bank goes live on new version of Finastra platform.
A trio of funding rounds that may have passed you by last week.
The new bank brings “all financing solutions under one umbrella”.
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
SAMA has already “collected the local financial market participants’ feedback”.
Tanam give green light after 18 months of sandbox testing.
Currently Western Union provides stc pay with money transfer services.
Tadawul debuts derivatives market and clearing house.
The “SME in a Box” will offer SMEs direct access to fast funds.
Remittance firm claims uptake in growth during COVID-19 pandemic.
The Islamic finance industry is set to grow to $3.8tn by 2022.
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
The start-up’s funding round was led by San Francisco-based Class 5 Global.
“The region is super scattered,” says co-founder, Mohammed Aziz, regarding open banking regulations.
The sandbox is home to 30 fintechs.
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Moven founder announces new bank on social media.
Featuring challenger banks in the UAE, Bahrain, Saudi Arabia and Israel.
The programme will bring together entrepreneurs and tech companies.
Saudi Arabia’s second largest bank plans “complete renovation”.
Saudi Arabia’s Agricultural Development Fund looking for better lendtech.
Saudi Arabian Monetary Authority and UAE’s central bank unveil Aber project.
One of the world’s largest Islamic banks signs for Murex’s MX.3 platform.
Ziraat Bankasi KSA has upgraded its core banking system, Temenos’ T24, from R10 to R17.
In an effort to digitise the country by 2030.