Paymob lands PSP licence from Oman’s central bank
Paymob now claims to be the first international fintech company to be fully licenced in Oman.
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Paymob now claims to be the first international fintech company to be fully licenced in Oman.
The firm says it will use the funding to “meet the increasing demand” for its digital lending products.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
Dave and Dharm welcome Naif AbuSaida, CEO and founder of Hakbah, a Saudi Arabian fintech focused on group savings.
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
Our weekly round-up for you to get the latest fintech funding news from around the world.
Lendo has announced it plans to pursue an IPO “within the next few years”.
The company has secured an additional $250 million in debt financing to support its lending operations.
The bank is adopting Mastercard’s transaction risk management technology to tackle payment fraud.
Tabby claims it has become the Middle East’s first fintech unicorn ahead of its planned IPO in Saudi Arabia.
Hala says Arshad’s experience will be “pivotal” to its expansion efforts in the UK and Europe.
Ahmed played a pivotal role in the launch of ARBM’s digital banking offering Rize last year.
The new venture is described as a “digital leasing and lending platform”.
The bank is leveraging Wise’s technology to deliver “smooth and effective international transfers”.
The Saudi bank selected TCS BaNCS to digitise its IT landscape across deposits, lending and payments.
HyperPay is aiming to expand its product offerings in order to become an “all-in-one” digital payments platform.
Tarabut Gateway says Sanad excels “particularly in scaling growth start-ups post-Series A”.
With the partnership, Mastercard aims to drive digitalisation in the GCC payments landscape.
With the partnership, D360 mobile app users will be able to transfer funds to Europe, US and the Middle East.
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
The corporate digital banking platform unifies trade, supply chain finance, lending and treasury services.
The implementation process and the go-live took place over six months, both firms say.
According to both firms, the partnership is the first between a bank and a fintech in Saudi Arabia.
Saudi National Bank was the largest shareholder in Credit Suisse before it was taken over by UBS.
The receivables warehouse facility will help Tamara finance the accelerating demand for its flagship BNPL product.
The integration allows banks to share standardised e-invoices with Saudi tax office Fatoora.
Maher Loubieh, co-founder of Hala, says Paymennt’s product was a “clear fit” with their own strategy.
He describes his tenure at BSF as an “amazing four years” in a LinkedIn post about his departure.
The Open Banking Lab will provide a technical testing environment to ensure compatibility with the country’s Open Banking Framework.
Tweeq leverages Paymentology’s Banking.Live platform and hopes to launch its app soon.
With Moneythor’s solution, Tameed aims to enhance its purchase order financing offering with a loyalty programme.
Niven was responsible for developing and executing the bank’s company-wide “digital vision”.
The framework includes legislation, regulatory guidelines and tech standards based on international best practices.
The start-up has officially launched in the UAE and Saudi Arabian markets.
A round-up of the recent funding endeavours of fintech companies across the Middle East and Africa.
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
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.