The rebrand represents a clearer expression of what the company has already built and where it is headed next. Image Courtesy: Modupay. Cairo, MDP, the leading regional payments technology provider, has announced its rebrand to Modupay, reflecting the company’s growth into a modular, end-to-end payments platform serving banks, fintechs, telcos and non-banking financial institutions across […]
The Central Bank of Egypt (CBE) has launched a contactless electronic payment acceptance service through smart devices, as per a statement issued on February 1st. This will allow merchants to accept payments using mobile phones or tablets via Soft POS applications. The step supports the CBE’s efforts to reduce cash usage, expand financial inclusion, and […]
NowPay, a Cairo-based fintech focused on payroll and employee financial wellness, has announced its entry into the Saudi market through NowAccess, a newly established joint venture with Tas’heel, the consumer finance arm of United International Holding Company. The partnership follows an MoU signed by the two companies in early 2025 and comes amid accelerating demand […]
London / Cairo – Egypt- and UK-based online ticketing platform KNOT Technologies has raised $1 million in a pre-seed funding round led by venture capital firm A15, as the company looks to scale its AI-native ticketing and access control infrastructure globally. Founded in London in 2025 by Ahmed Abdalla and Hussein ElBendak, KNOT is developing […]
Egypt – Contact, a leading provider of non-banking financial services in Egypt, has signed a memorandum of understanding with Al Safy Group to establish a strategic partnership aimed at enhancing the financing experience through innovative, technology-driven financial solutions. The partnership introduces, for the first time in the Egyptian market, a financing model that combines Contact’s […]
Cairo, Egypt: Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) and Mastercard announce a strategic collaboration, unlocking a new phase of cutting-edge consumer, commercial, and digital payment solutions. This collaboration reinforces Mastercard’s role as ABK-Egypt’s trusted advisor while advancing the bank’s digital solution offering for cardholders in Egypt. Accordingly, Mastercard will equip ABK-Egypt with advanced digital solutions […]
AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman. Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains […]
Egyptian SaaS company FitXpert has secured a seven-figure strategic investment from Foras Investment, marking the start of a new growth phase as the company prepares to scale its platform and expand across regional markets. The investment was completed under the 0107 Invest initiative and reflects growing investor appetite for vertical SaaS businesses with proven infrastructure […]
Cairo, Egypt – Arab Financial Services (AFS), A premier digital payment and fintech solutions provider in the Middle East and Africa, is pleased to announce that its Egyptian subsidiary has received a SoftPOS license from the Central Bank of Egypt (CBE). This regulatory approval has enabled the company to launch the service nationwide, making AFS Egypt one […]
Business For Teens, an education startup focused on teaching entrepreneurship and financial literacy to teenagers, has announced the successful closure of a six-figure Pre-Seed funding round to support its growth and expansion across Egypt and the Gulf region. The funding round comes on the back of strong early traction. Since its launch, Business For Teens […]