Al Tadamun Microfinance Foundation Renews EGP 150 Million Credit Facility with Commercial International Bank (CIB) Cairo, Egypt – Al Tadamun Microfinance Foundation, a leading institution in financing women-owned micro-enterprises, has announced the renewal of its credit facility agreement with the Commercial International Bank – Egypt (CIB). The renewed agreement, worth EGP 150 million, aims to […]
Kuwait City – myFatoorah, a leading Kuwait-based payment solutions provider, has become the first company in its sector to adopt DHL’s GoGreen Plus service. This initiative aligns with myFatoorah’s commitment to sustainability by contributing to the use of Sustainable Aviation Fuel (SAF) for all international shipments. The adoption of GoGreen Plus, a key component of […]
FRA Mandates Non-Banking Fintech and Insurance Companies to Verify Customer Mobile Numbers for Digital Transformation Push Cairo, Egypt – The Financial Regulatory Authority (FRA) has issued a new directive requiring non-banking fintech institutions and insurance companies to verify the validity of their customers’ mobile phone number ownership, according to an official statement. The decision is […]
Johannesburg, South Africa: Visa has announced a strategic partnership with littlefish, an omni-channel platform that empowers financial institutions by offering a suite of business solutions tailored to support micro, small, and medium-sized enterprises (MSMEs) across Africa. This collaboration aims to streamline both in-store and online digital experiences for MSMEs through advanced business solutions and value-added services. Despite the […]
Thunes Expands Direct Global Network into Egypt, Boosting Cross-Border Payment Solutions London, U.K., Cairo, Egypt – October 17, 2024 – Thunes, a leading global cross-border payment provider, today announced the expansion of its Direct Global Network into Egypt, offering enhanced mobile wallet and bank account payment capabilities. This move significantly strengthens Thunes’ Pay solutions, providing […]
The round, led by Blockchain Capital, brings Yellow Card to US$85 million in completed equity financings JOHANNESBURG, South Africa, October 17, 2024/ — Yellow Card (https://YellowCard.io), the largest and first licensed Stablecoin on/off ramp on the African continent, today announced the closing of its Series C financing. The US $33 million equity financing was led […]
Twist Platform Partners with Jumia Egypt to Offer Exclusive Entertainment Services on Twist TV App Cairo, Egypt – In a strategic move to enhance its digital entertainment services, Twist platform has signed a collaboration agreement with leading e-commerce giant Jumia Egypt. The partnership will make Twist TV’s extensive library of movies, series, and TV programs […]
Rabbit Mobility Secures $1.3M in Funding to Fuel Expansion Across Egypt and North Africa Egyptian micro-mobility startup Rabbit Mobility has raised $1.3 million in a new funding round led by prominent venture capital firm Global 500 and smart asset financing specialists Untapped Global. The round also saw participation from strategic angel investors and industry experts […]
Agenz Secures Investment from Renew Capital to Enhance Real Estate Market Transparency in Morocco October 15, 2024 – Agenz, a data-driven platform that delivers real-time property valuations and market insights in Morocco, has announced its latest undisclosed investment from Renew Capital. The funding will enable the platform to expand its reach and enhance its suite […]
Cairo, Egypt – Ahmed Nader, CEO of Geidea Egypt, has announced ambitious expansion plans for the company, targeting over 150,000 merchants across Egypt by next year, a significant increase from its current base of 70,000. Speaking to Al Borsa newspaper, Nader outlined Geidea’s strategic vision for becoming the leading player in the country’s electronic payments […]