MENA Fintech Association

BurjX Becomes Fully Regulated Crypto Platform Under ADGM Framework

BurjX, a digital asset trading platform founded in the UAE, has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for brokerage and custody operations. With this approval, BurjX becomes a fully regulated platform offering trading in over 100 digital assets. This milestone positions it as one […]

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ADGM FSRA and Azerbaijan Central Bank Collaborate on Fintech and Capital Markets

The Financial Services Regulatory Authority (FSRA) of ADGM has signed a MoU with the Central Bank of the Republic of Azerbaijan to enhance collaboration in financial technologies, capital markets, and related areas. The agreement enables both authorities to exchange information and expertise, conduct joint training sessions, collaborate on research initiatives, and facilitate study visits. Emmanuel […]

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IHC Acquires SME Financing Platform eFunder, Rebrands as Zelo

International Holding Company (IHC), a global investment firm based in Abu Dhabi, has announced the completion of its acquisition of eFunder, a private financing platform in the UAE that focuses on SMEs. The platform has been rebranded as Zelo, signalling a new phase aimed at expanding its reach and improving access to capital for businesses […]

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ADGM Appoints Rashed Al Balooshi as CEO of Registration Authority

ADGM, the international financial centre of the UAE capital, has announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of its Registration Authority (RA), with immediate effect. The move is part of ADGM’s ongoing efforts to strengthen its leadership and advance its strategic objectives in line with Abu Dhabi’s long-term economic vision. […]

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IHC Launches AI-Powered Reinsurance Platform RIQ in Abu Dhabi

International Holding Company (IHC), a global investment firm, has announced the official launch of Reinsurance Intelligence Quotient (RIQ), a reinsurance platform based in Abu Dhabi Global Market (ADGM). This follows an earlier announcement and reflects the joint efforts of IHC, BlackRock, and Lunate to expand in the global insurance sector through the use of technology […]

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ADGM Implements New Regulatory Framework for Digital Assets

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the immediate implementation of amendments to its regulatory framework for digital assets. These amendments follow extensive industry engagement and feedback received on Consultation Paper No. 11 of 2024. The key focus of the changes lies in refining the process through which […]

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Stride Ventures Expands in Saudi as Venture Debt Surges in GCC

Stride Ventures, a India-based player in venture debt, has announced a significant expansion across the Gulf Cooperation Council (GCC), with Saudi Arabia at the centre of its regional strategy. This includes doubling its local team and opening a second regional office, signalling a growing focus on alternative financing models in the region. The announcement aligns […]

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Deutsche Bank Secures ADGM License to Expand UAE Operations

Deutsche Bank has announced that it has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). This authorisation enables the bank to conduct a range of regulated activities within the international financial centre. The license allows Deutsche Bank to carry out activities under the Financial […]

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Bitcoin Suisse Secures In-Principle Approval to Operate in ADGM

Bitcoin Suisse, a Swiss crypto financial services provider, has announced that its subsidiary, BTCS (Middle East), has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This development is part of Bitcoin Suisse’s ongoing international expansion and will allow the firm to move toward obtaining full […]

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Klickl, WeBank and Goldford Group Partner to Drive Cross-Regional Fintech Innovation

Klickl, a regulated Web3 financial services provider, has signed a tripartite MoU with WeBank, a digital bank from Mainland China, and Goldford Group, an innovation-focused conglomerate in Hong Kong. The agreement sets out to create a cross-regional fintech innovation alliance connecting Mainland China, Hong Kong, and the Middle East. The MoU was signed during an […]

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