An Egyptian–Saudi partnership has launched a platform in Cairo to back property technology startups, aiming to speed digital adoption across Egypt’s real estate sector as the market undergoes major structural shifts, the companies said. Coldwell Banker Commercial Advantage and Modern Solutions, a subsidiary of Prime… Read More
Read more in: Real Estate, Global | Tagged egypt, proptech, saudi
Dutch payments Fintech Recharge.com has expanded its services in the Middle East. Headquartered in Amsterdam, the Fintech specializes in digital gift and prepaid cards for local and global brands like Netflix, Spotify, and Xbox. Recharge is now operating in the Kingdom of Saudi Arabia and… Read More
Read more in: Asia, Fintech, Global | Tagged günther vogelpoel, netherlands, payments, recharge.com, saudi, uae
Raqamyah, a Saudi-based peer-to-peer (P2P) lending platform operating under Saudi Arabian Monetary Authority (SAMA) Sandbox environment, has reportedly raised $2.3 million through its latest investment round, which was led by Impact46 with participation from Vision Ventures, Mad’a Investment, Alyusur Company, Fadeed Investment,… Read More
Read more in: Fintech, Investment Platforms and Marketplaces | Tagged impact46, investment, online lending, p2p, peer to peer, saudi
Western Union (NYSE: WU) has reportedly acquired a 15% stake in Saudi Arabia’s Telecom’s digital payment division. Western Union, which is notably the largest money transfer company in the world, has confirmed that it has purchased a $200 million (or 15%) stake in the online… Read More
Read more in: Fintech, Asia, Global | Tagged acquisition, digital payments, mena, mena region, middle east, saudi, saudi arabia, stc pay, telecoms, western union
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