Latest in Tag: fintech Highlight
Latest in Tag: fintech
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
MNT Halan, a platform specialized in providing integrated financial services, announced receiving an investment from private funds worth $120m. The new funding round was led by major international and regional investors including Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners. The round also included Middle East Venture Partners; Endeavor Catalyst and …
Move comes as part of company’s efforts to support CBE financial inclusion drive
This partnership marks an important step towards the implementation of the company’s strategy working towards financial inclusion and digital transformation in Egypt’s financial sector.
Initiative organised by FinTech Egypt encourages young talents to participate in creating FinTech innovative solutions, promote financial inclusion
Initiative endorses CBE’s direction in expanding technology, use of convenient financial services to meet market needs, says Rami Abulnaga
NBE’s Tamkeen for microfinance acquires 75% of e-payment company Momken
One major change in the past year has been to turn what we historically did face-to-face into an online activity: and that is using video conferencing for meetings; shopping online; restaurant delivery; day-to-day digital banking; and the list goes on.
Mubasher Capital activates custodian services, gets close to acquiring company for investment funds
Three-day innovation sprint will take place in March 2021
Aboelazm comes with proven track-record extending over 28 years in banking and financial services
Equity financing helps companies raise money to fund their working and expansion capital needs via stock issuance.
The new funds will be deployed to deepen the platform’s capabilities, expand its team, and establish its footprint in the Middle East and North Africa (MENA) region and beyond.
FRA Chairperson Mohamed Omran said that the approval will support the Egyptian state’s adoption of a policy providing a remote work environment based primarily on the safe exchange of information and supervision.
The company’s establishment follows on from a Financial Regulatory Authority (FRA) initiative providing further regulation and governance of Egypt’s consumer finance industry, covered by Law Number 18 for 2020 that was issued in March.
Okasha submitted his resignation from the Board of Directors of e-payment services company, Fawry, in March, to establish the Disruptech Fund. Fawry is set to be one of the investors in the new fund, which focuses on investments in Egypt with a target budget of $25m.
Fund’s promotional campaign to start after coronavirus crisis ends
The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: digitising cash collections; assured payments, Business to business to consumer (B2B2C) enablement, and digitising trade processes.
The most advanced fintech players in the Egyptian market are the payment service providers and mobile wallets and both have been widely adopted by banks and telecom providers.
MerQ’s participation comes within the framework of supporting the state’s strategy and the Central Bank of Egypt (CBE) to spread awareness of financial inclusion
Bank is launching its FinTech Hub, begins pilot phase in June
Conference focuses on trends, innovations in financial technology
Group renews support to ‘Skills for Success: Employability Programme’ with AMIDEAST
The Fintech accelerator programme is considered the first of its kind in Egypt, and will sustain 11 start-ups, both from Egypt and abroad, to accelerate the Central Bank of Egypt’s goal of making Egypt a global FinTech hub.
The Demo Day comes after a three-month intensive acceleration programme, more than 180 one-to-one matchmaking sessions, awareness, engineering, validation, pitching, and growth-hacking modules, all resulting in 14 proof-of-concept engagements.
Unlike all global players and e-payment processing companies, Vapulus launched its portal without subscription fees and no fixed fees per transaction.
IMF conducted survey on countries’ views on BFA’s priorities
Visa’s fintech fast-track programme empowers start-ups in the region with access to visa net capabilities, the Head of strategic partnerships, fintech, and ventures for Visa Central and Eastern Europe, the Middle East, and Africa (CEMEA), Otto Williams, stated. In an interview with Daily News Egypt, Williams talked about the company’s new fast-track programme, how the …
Regional FinTechs will be able to connect to Visa’s payment network in four weeks
Singapore police have raided the offices of the German payment company on suspicion of fraud. Hailed as a market champion, it has been dogged by fraud accusations, losing 22 percent of its market share since January 1.Police in Singapore announced Friday that they had raided the offices of German payment company Wirecard on suspicion of …