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Children-focused FinTech, GoHenry, raises $55m

Congratulations to the team at GoHenry for closing their latest funding round. The fact they’ve managed to do so in rather difficult economic circumstances is a testament to the business they’re building. I’m a customer – or, technically, our two boys are customers, and we’re delighted with the service. I’m especially pleased with their ‘money […]

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Four years later…

It’s been nearly four years – almost to the day – since I last posted. I stopped publishing because of a specific commercial commitment with a company I was working for. It was right and proper that I did so – but almost every day I have been pained by the requirement. It’s not a […]

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DIFC funds FlexxPay, Go Rise, Now Money & Sarwa

I was sure it was only a $10m fund! But, it must have been a typo when I wrote about this in March last year. Anyway, this is exciting. More investment news! Congratulations to newly funded companies FlexxPay, Go Rise, Now Money and Sarwa! More details on them all below… The Dubai International Financial Centre […]

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An update on UAE-based BNPL provider Tabby

Fintech News AE has published a brief overview of the user journey for Tabby. It makes for interesting reading if you’re keen to see how they are structuring things. Tabby is a provider of instant credit to consumer shopping at online and offline retailers, operating in the United Arab Emirates (UAE) and Saudi Arabia. Source: […]

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Buy Now Pay Later: Tabby to launch in UAE shortly

Well, this is interesting. The buy-now-pay-later space has been a hot one for quite a while so it’s no surprise that we see new launches in the Middle East. Congratulations to founder Hosam Arab for raising $2m seed to kick things off. Bring on the launch! Tabby has raised $2 million in seed funding to […]

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Riyad Bank sets aside SAR 100m ($27m) for FinTech Investments

It is always exciting to read these kinds of announcements from banks because it evidences that the ‘lights are on’ and someone is at home, as the phrase goes – that they are (hopefully_ serious about examining and experimenting with the emerging FinTech ecosystem. So good luck to all at Riyad Bank. More details below. […]

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DIFC announces $10m for FinTech investments

It’s stimulating to see the different areas in the Middle East begin to focus on the importance of investing in FinTech. Just a little while ago, Bahrain’s FinTech Hub announced it’s own FinTech fund. I’m excited to see the next steps! Dubai International Financial Centre (DIFC) has unveiled its $10 million fintech fund for start-ups […]

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The Central Bank of Kuwait focuses on FinTech

Great to see the country of Kuwait – more specifically their Central Bank – focusing on the growing importance of FinTech, including the all important ‘regulatory sandbox’ (item number 4′ in this story from FinTech Middle East): The Central Bank of Kuwait’s initiatives include the Kuwait National Payment System (KNPS), digital currency infrastructure, a regulatory […]

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Qatar partners with B-Hive to setup dedicated FinTech Hub

So now there’s an official hub operating in Qatar dedicated to supporting and developing FinTech! This is exciting! The Qatar Financial Centre (QFC) has partnered with B-Hive to develop FinTech Industry in Qatar. A memorandum of understanding (MoU) was signed by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC and Wim De Waele, CEO and Managing […]

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Bahrain gets serious with $100m FinTech Fund

It’s particularly interesting to see Bahrain’s Government encouraging the development of the FinTech ecosystem in the country. No details yet on specific investment thesis though off the top of my head I’d assume it could well be for seed-style Investements and perhaps Series-A? We shall no doubt see. FinTech Futures: Bahrain to raise $100m for […]

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