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Abu Dhabi

Presight and Shorooq Launch $100M Global AI Innovation Fund

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Presight, a global AI and big data analytics company, and Shorooq, an Abu Dhabi-headquartered investment firm regulated by the FSRA as a Fund Manager, have announced the launch of a global AI innovation fund, Presight-Shorooq Fund I, which aims to invest US$100 million in emerging AI technologies. The fund has been established through collaboration between […]

The post Presight and Shorooq Launch $100M Global AI Innovation Fund appeared first on Fintechnews Middle East.

erad Raises $33M to Expand GCC Operations

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erad, a Riyadh-headquartered alternative financing platform for SMEs, has raised US$33 million in debt financing to support its operations in Saudi Arabia and the wider GCC. The company previous raised US$16 million to support its growth and expansion within Saudi Arabia and other regions. The round was led by Stride Ventures, which recently expanded its […]

The post erad Raises $33M to Expand GCC Operations appeared first on Fintechnews Middle East.

Telr and Kema Partner to Streamline B2B Payments in the UAE

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Telr, an online payment gateway, has announced a strategic partnership with Kema, a UAE-based fintech platform providing a SaaS solution that helps B2B SMEs optimise and automate cash flow processes across the region. The collaboration integrates Telr’s payment services with Kema’s platform, allowing merchants to manage payments and cash flow more efficiently. Through the partnership, […]

The post Telr and Kema Partner to Streamline B2B Payments in the UAE appeared first on Fintechnews Middle East.

Meedaf Partners with InDebted to Support UAE Expansion

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Meedaf, the financial services platform based in ADGM, has entered into a strategic partnership with InDebted, a Australian-based provider of AI-driven debt collection solutions. As part of the agreement, Meedaf will invest in InDebted’s UAE entity to support the company’s regional expansion. The partnership combines Meedaf’s regional expertise and networks with InDebted’s technology-led approach to […]

The post Meedaf Partners with InDebted to Support UAE Expansion appeared first on Fintechnews Middle East.

Visa Launches Visa Private in UAE to Serve High-Net-Worth Clients

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Visa has introduced Visa Private, a premium offering designed for high-net-worth individuals (HNWIs) seeking services and benefits beyond standard card features. Initially launching in the UAE, with plans for a broader rollout across the GCC, Visa Private combines secure payment technology with a range of travel, lifestyle and retail privileges. The launch comes as the […]

The post Visa Launches Visa Private in UAE to Serve High-Net-Worth Clients appeared first on Fintechnews Middle East.

FSRA Issues Consultation on Framework for Fiat Referenced Tokens

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The Financial Services Regulatory Authority (FSRA) of ADGM has released Consultation Paper No. 9 of 2025, setting out a proposed regulatory framework for Regulated Activities involving Fiat Referenced Tokens (FRTs) and inviting public feedback on the proposals. The proposals build on the regulatory framework for the issuance of FRTs introduced by the FSRA in December […]

The post FSRA Issues Consultation on Framework for Fiat Referenced Tokens appeared first on Fintechnews Middle East.

Pollen Street Capital Provides $100M Facility to UAE Lender CredibleX

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Pollen Street Capital has announced a US$100 million senior secured credit facility for CredibleX, a SME lender based in the UAE. CredibleX, founded in 2023, provides SMEs with access to working capital through its digital application platform. The company has developed a network of more than 60 distribution partners and employs over 40 staff in […]

The post Pollen Street Capital Provides $100M Facility to UAE Lender CredibleX appeared first on Fintechnews Middle East.

Botim Teams Up with Commercial Bank of Ethiopia on UAE Remittance Services

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Botim, Astra Tech’s fintech-first platform in the Middle East and North Africa, has announced a partnership with the Commercial Bank of Ethiopia (CBE), to provide remittance services for Ethiopians living in the UAE. This marks Botim’s first direct banking partnership in Ethiopia and a step forward in streamlining cross-border financial transactions. Through the collaboration, Botim […]

The post Botim Teams Up with Commercial Bank of Ethiopia on UAE Remittance Services appeared first on Fintechnews Middle East.

Revolut Secures In-Principle Approval from UAE Central Bank

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Revolut has received in-principle approval for its Stored Value Facilities and Retail Payment Services (Category II) licenses from the Central Bank of the UAE (CBUAE). The approval marks a step towards Revolut launching its services in the UAE, where it plans to offer a full suite of products to retail customers. The UAE is viewed […]

The post Revolut Secures In-Principle Approval from UAE Central Bank appeared first on Fintechnews Middle East.

StashAway Launches Shariah-compliant Global Portfolios in UAE

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StashAway, a digital investment platform, has introduced its Shariah Global Portfolio in the UAE. The portfolios, available across four risk levels, are Shariah-compliant and globally diversified, with historical annual returns of up to 13.7% over the past five years. They are designed to allow investors to grow their wealth in a manner consistent with their […]

The post StashAway Launches Shariah-compliant Global Portfolios in UAE appeared first on Fintechnews Middle East.

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