MENA Fintech Association

UAE Tech Funding Surges 133% in H1 2025, Driven by Late-Stage Deals

Tracxn has released its UAE Tech H1 2025 Report, providing a detailed overview of the country’s technology funding landscape during the first half of the year. The report highlights a strong rebound in investment activity compared to H2 2024, although overall funding remains below the levels recorded in H1 2024. Late-stage funding was the main […]

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Spain and UAE Lead 2025 Digital Nomad Visa Index

VisaGuide has released its latest Digital Nomad Visa Index, a ranking that evaluates countries based on their suitability for remote workers. Spain leads the 2025 index with a score of 5, followed by the UAE at 4.48. Montenegro, the Bahamas, and Hungary complete the top five. The Digital Nomad Visa Index offers a comparative overview […]

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Amazon Payment Services Adds Tamara to Expand BNPL Options in UAE and Saudi Arabia

Amazon Payment Services, a digital payments provider in the Middle East and North Africa (MENA), has added Tamara, a Buy Now, Pay Later (BNPL) provider in the Gulf Cooperation Council (GCC), to its payment options. The partnership allows businesses in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) to offer split […]

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RAKBANK Raises $300M in First AT1 Capital Issuance

RAKBANK has successfully completed its inaugural Additional Tier 1 (AT1) capital issuance, raising US$300 million. The perpetual securities include a non-call period of six years (PerpNC6) and offer a coupon rate of 6.625%. The issuance received strong investor interest, enabling the Bank to tighten pricing by 37.5 basis points. This response reflects market confidence in […]

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UAE Proptech Huspy Secures $59M Series B to Expand Across Europe and Middle East

Dubai-based proptech company Huspy has raised US$59 million in a Series B funding round, led by existing investor Balderton Capital. Other returning investors include Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures, and KE Partners. Headquartered in the UAE with operations in Spain, Huspy […]

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UAE Central Bank Suspends Bank’s Islamic Window Onboarding, Imposes AED 3.5M Fine

The Central Bank of the UAE (CBUAE) has suspended the onboarding of new customers to the Islamic Window of a bank operating in the UAE for a period of six months and imposed a financial penalty of AED 3,502,214. This action was taken in accordance with Article 137 of Decretal Federal Law No. (14) of […]

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UAE Poised to Become MENA’s Stablecoin Powerhouse

The United Arab Emirates (UAE) is poised to become a regional leader in digital assets and stablecoin adoption. This is supported by progressive regulation, robust digital infrastructure, and booming crypto usage, according to a new report by PwC and Abu Dhabi-headquartered digital assets infrastructure provider Fuze. The report, released in May, looks at the state […]

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BridgeWise Launches SignalWise to Deliver AI-Powered Investment Alerts

BridgeWise, an AI-driven investment intelligence platform, has introduced SignalWise, a new personalised alerts and insights system aimed at digital trading platforms and financial advisors. The tool is designed to support more informed decision-making by providing timely, relevant market intelligence tailored to individual investor behaviors and portfolios. Unlike traditional alert systems, SignalWise combines real-time event detection […]

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UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency

The Central Bank of the UAE (CBUAE) and CIPS, the operator of China’s Cross Border Interbank Payment System, have signed a MoU to strengthen cooperation in payment infrastructure and improve the efficiency of cross border transactions between the UAE and China. Under the agreement, both parties will collaborate on initiatives aimed at supporting the use […]

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UAE Central Bank Revokes Sundus Exchange License Over Major AML Breaches

The Central Bank of the UAE (CBUAE) has revoked the license of Sundus Exchange, an exchange house operating within the UAE, and has removed its name from the register of licensed entities. In addition, a financial penalty of AED 10 million has been imposed in accordance with Article (14) of Federal Decree Law No. (20) […]

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