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Latest news and investments in fintech

Binance Officially Launches in Bahrain

January 20, 2023

Blockchain services provider Binance has officially launched in Bahrain. The new platform enables users to access Binance’s existing range of regulated products and services; including direct top-ups and withdrawals in local currencies.

Dubai Future District Fund Considers Impact 1 Year After Inception

January 18, 2023

The Dubai Future District Fund (DF2) oversight committee met upon completion of its first year of investment operations. The committee reviewed DF2’s first full year of operations in the meeting and emphasized the rapid progress that had been made. DF2 completed 13 fund and start-up investments from an initial funding commitment of AED1billion.

ISA Investors Fall Short to the Sky-High Value of Gold

January 16, 2023

Gold is on the verge of breaking through a record high while many of the most popular ISA funds slide in the face of economic turbulence.

Will Global Fintech Investment Stagnate in 2023?

January 13, 2023

Levels of investment and number of deals in the fintech industry fell in 2022 compared to 2021. As interest rates have steadily climbed, companies across the sector, particularly startups, have begun to struggle. The early signs in 2023 suggest that this trend is potentially continuing.

Crypto Exchange Launches Across Africa to Ease and Cheapen Transactions

January 11, 2023

Yellow Card Financial’s new payment feature ‘Yellow Pay’ is now officially available across Africa, aiming to provide cheaper transactions across the continent.

Saudi Central Bank Establishes Open Banking Lab

January 5, 2023

The Saudi Central Bank (SAMA) has launched an ‘open banking lab’, in line with its Open Banking Framework issued in November 2022.

Flat6Labs and Wio Bank Partner to Support Abu Dhabi Start-ups and SMEs

January 4, 2023

MENA’s seed-stage program and early-stage venture capital firm Flat6Labs and the region’s first platform bank Wio Bank have signed a Memorandum of Understanding (MoU) in an effort to support Abu Dhabi’s start-ups and SMEs.

Changpeng Zhao Attempts To Restore Faith in Binance Fund Management

December 31, 2022

Binance CEO Changpeng Zhao delivers a message to all of the platform’s users to clear the air on how it manages funds and wallets.

J.P. Morgan Takes Stake in Viva Wallet To Accelerate Greek Expansion

December 23, 2022

J.P. Morgan completes a year-long strategic investment in Viva Wallet as it expands its European operations to Greece.

Visa Pledges $1Billion Investment Across Africa by 2027

December 16, 2022

Visa has pledged to invest $1billion in Africa over the next five years to advance “resilient, innovative, and inclusive” economies across the continent.

Gulf Islamic Investments (GII) Provides a Buffer for High Growth Companies With Debt Fund

December 1, 2022

Gulf Islamic Investments (GII), the UAE based Shari’ah-compliant global alternative investment company is launching a $100million Debt Fund – GII Debt Fund-I (“GDF-I” or the “Fund”).

Fintech Investment Crisis: Compliance Has a ‘Role to Play’

November 28, 2022

Fintech innovators on the hunt for funding are likely to struggle unless they focus on regulation and compliance, a UK government fintech envoy has warned.

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