MENA Fintech Association

erad Raises $125M with Jefferies to Boost SME finance in the GCC

Riyadh-based alternative financing platform erad has partnered with Jefferies, with co-investment from Channel Capital, to secure US$125 million in a credit facility aimed at expanding embedded finance solutions across the GCC. Once finalised, the transaction will mark Jefferies’ first GCC asset-backed financing deal and support its plans to grow its presence in Saudi Arabia. The […]

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Huru Introduces Quick Cash Microfinance Feature

Huru, a UAE-based and Central Bank–licensed fintech platform focused on unbanked and underbanked communities, has launched Quick Cash, an instant microfinance feature developed with Mawarid Finance. The product supports Huru’s aim of providing transparent and affordable financial tools to people with limited access to traditional banking. Huru has built an ecosystem centred on financial inclusion. […]

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Jeddah Fintech Week 2025 Concludes with Focus on Financial Education

Jeddah Fintech Week 2025 concluded on 17 November after two days of workshops, panels, and discussions at the Jeddah Hilton. Held under the Patronage of His Royal Highness Prince Dr. Saif Al Islam Bin Saud Bin Abdel Aziz Al Saud, the event brought together financial institutions, experts, and industry observers from across Saudi Arabia and […]

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Property Finder Partners with Stake to Enable Fractional Property Investment

Property Finder has entered a strategic partnership with Stake, a regional real estate investment platform. The collaboration will allow Property Finder users to access Stake’s investment products and portfolios directly through Property Finder’s platforms. The integration enables investors to participate in real estate opportunities through fractional ownership starting from AED500, supported by the UAE government’s […]

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Mastercard Introduces Access Pass for Added Digital Card Features

Mastercard has introduced Mastercard Access Pass, a programme that enables issuers and partners to offer tailored experiences and perks without issuing new cards. Launching with the McLaren Formula One Team and First Abu Dhabi Bank in the UAE, the programme allows FAB cardholders to add digital designs and additional benefits to their existing Mastercard products. […]

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BENEFIT to Launch Cross-Border QR Payments with Alipay+

BENEFIT and Ant International have signed a MoU to introduce cross-border QR payments between Bahrain’s BENEFIT QR scheme and Ant International’s Alipay+ global wallet gateway in 2026. The partnership will allow over 15,000 Bahraini merchants to accept cross-border QR payments from Alipay+ partners, which currently connect more than 1.8 billion user accounts across 40 digital […]

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Wio Bank Introduces Shared Family Banking in the UAE

Wio Bank has introduced Wio Family, the UAE’s first fully shared banking experience, designed to enable households to manage money collaboratively. The service allows families to save, spend, and plan together through a shared account, reflecting the view that money is often a collective responsibility. The account can be jointly managed by two ‘Family Leads’, […]

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Emirates NBD, GCAA Launch Automated H2H Payment System

Emirates NBD has announced a partnership with the UAE’s General Civil Aviation Authority (GCAA) to introduce a Host-to-Host (H2H) payment solution aimed at automating the authority’s digital transactions. Under the agreement, Emirates NBD will support the GCAA in streamlining and automating payments involving its aviation clients, suppliers, and partners in the UAE and abroad. Developed […]

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First.tech and ELM Partner to Boost Cross-Border Digital Services

First.tech, a UAE-based global AI-driven group operating in insurtech, fintech, and govtech, has signed a MoU with ELM, a digital solutions provider in Saudi Arabia. The agreement aims to explore cross-border digital interoperability and joint development of services for citizens, residents, and visitors in both countries. Under the MoU, the two organisations will examine secure […]

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Microsoft to Collaborate with PIF and SITE on Saudi Sovereign Cloud

The Public Investment Fund (PIF), Saudi Information Technology Company (SITE) and Microsoft have signed a MoU to explore the provision of Microsoft’s sovereign-cloud services in Saudi Arabia. The agreement seeks to enhance the security, confidentiality and sovereignty of data within the country, while providing access to advanced cloud and artificial intelligence technologies. Microsoft brings experience […]

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