MENA Fintech Association

UAE’s areeba and FOO Unveil All-in-One Card Issuance Solution for Financial Institutions

areeba, a UAE-based provider of payment infrastructure, has entered into a partnership with FOO, a fintech solutions company headquartered in Dubai, to offer a comprehensive, integrated Card-as-a-Service (CaaS) programme aimed at banks and financial technology firms. The bundled service is designed to help institutions develop and scale secure card programmes and digital wallets without the […]

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Dubai Financial Services Authority Opens 2025 Graduate Programme for Emirati Applicants

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has opened applications for its 2025 Graduate Programme. The initiative is part of the DFSA’s continued efforts to support the development of Emirati professionals in the financial services sector. The Graduate Programme is aimed at high-potential UAE National graduates, […]

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EDB and RAKBANK Launch AED 1 Billion Fund to Support UAE MSMEs

In a move to support MSMEs in the UAE, Emirates Development Bank (EDB) and RAKBANK have launched a joint financing initiative worth AED 1 billion. Announced during the Make it in the Emirates Forum at the ADNEC Centre in Abu Dhabi, the programme aims to improve access to funding for businesses in key national sectors. […]

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Ripple Secures UAE Partnerships with Zand Bank and Mamo for Blockchain Payments

Ripple has announced two new partnerships in the UAE for its Ripple Payments service. The cross-border payments platform, which uses blockchain technology and a network of global payout partners, will now be used by Zand Bank and Mamo. The development follows Ripple’s recent approval by the Dubai Financial Services Authority (DFSA), making it the first […]

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Emirates Development Bank Launches AED 1 Billion Fund to Support UAE SMEs

Emirates Development Bank has launched the Emirates Growth Fund (EGF), a AED 1 billion growth equity platform aimed at supporting the expansion and competitiveness of SMEs based in the UAE. The fund was introduced during the fourth edition of the Make it in the Emirates Forum. It is designed to provide long-term capital and strategic […]

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Checkout.com and du Pay Partner to Boost Financial Inclusion in the UAE

Checkout.com has entered into a partnership with du Pay, one of the UAE’s rapidly growing fintech platforms focused on expanding financial inclusion and accessibility across the country. Through this collaboration, du Pay will utilise Checkout.com’s payments infrastructure to improve the performance of its core offerings, including wallet top-ups. By adopting Checkout.com’s unified platform, du Pay […]

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Deloitte and Google Cloud Strengthen Cybersecurity Focus in Middle East

Deloitte Middle East and Google Cloud have announced an expansion of their regional partnership. Under the new agreement, Deloitte will resell and provide services related to Google Cloud solutions, with a focus on digital transformation and cybersecurity enhancement in the UAE and the wider Middle East. Tariq Ajmal, Cyber Leader at Deloitte Middle East, said: […]

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Botim and Mbank Launch UAE’s First Fintech-Integrated Jaywan Card

Astra Tech’s flagship platform Botim has partnered with Mbank, a digital bank in the UAE, to introduce the country’s first fintech integrated Jaywan card scheme. The agreement was announced during a signing ceremony at the Dubai Fintech Summit. Through this partnership, Botim, powered by PayBy, becomes the first fintech platform in the UAE to issue […]

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UAE and Saudi Arabia Lead MENA VC Increase; Fintech Remains Top Focus

Venture capital (VC) investment in the Middle East and North Africa (MENA) continues to rebound this year, driven by a rise in smaller funding rounds, strong investor focus on Saudi Arabia and the United Arab Emirates (UAE), and sustained support for fintech. According to new data from Magnitt, a financial data platform focused on emerging […]

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London’s BKN301 Secures $23.8M for Expansion into UAE, Saudi Arabia

BKN301 Group, a London-based fintech company specialising in Banking as a Service (BaaS) with operations across the Middle East, Europe and Africa, has completed a capital increase of US$23.8 million. The funding will support the company’s international growth plans, including potential expansion into the UAE and Saudi Arabia, as well as further development of its […]

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