wefox, a Germany-based Insurtech, has raised $400 million in a Series D funding round that gave the firm a $4.5 billion “post money” valuation, according to a statement by the company. The funding was in both debt and equity. The company did not share the… Read More
Read more in: Global, Insurtech | Tagged fabian wesemann, germany, ibrahim ajami, wefox
Dubai-headquartered personal finance and investment platform Sarwa has acquired $15 million in capital through a Series B round. Abu Dhabi’s sovereign investment company Mubadala Investment Company has led Sarwa’s latest investment round. Other investors that made contributions include 500 Startups, KIPCO, Shorooq Partners, MEVP, DIFC,… Read More
Read more in: Asia, Fintech | Tagged abu dhabi, automated investments, dubai, financial services, fintech adoption, fintech trends, ibrahim ajami, investment apps, investment round, mena, mena region, middle east, personal finance, sarwa, uae, united arab emirates
Payments giant Mastercard (NYSE:MA) has committed to a Memorandum of Understanding (MoU) with Hub71, a technology ecosystem based in Abu Dhabi Global Market Square that supports global Fintech initiatives and leading tech firms. As mentioned in the announcement, Hub71 is a flagship project of the… Read More
Read more in: Fintech, Asia | Tagged abu dhabi, hub71, ibrahim ajami, incubators, mastercard, middle east, small businesses, smbs, sme's, start path, startups, uae, united arab emirates
C2FO, a fintech firm and market for working capital, announced this week it secured $100 million during its latest funding round, which was led by Allianz X and Mubadala Investment, with participation from existing C2FO investors Temasek, Union Square Ventures, and Mithril Capital. This investment comes… Read More
Read more in: Fintech | Tagged allianz x, c2fo, dr. nazim cetin, ibrahim ajami, investment, sandy kemper
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