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Egyptian fintech Agel has announced it has successfully closed a pre-seed round for undisclosed seven-digit figure, led by MENA-focused venture capital firms, Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs, with participation of SEEDRA Ventures, Banque Misr Acceleration Program, and...
#working capital
Newgen Software, a global provider of low code digital transformation platform, announced that RAKBANK, a leading financial institution in the…
#digitalisation#digitisation#Newgen Software
WaveBL, an Israeli provider of electronic Bills, has successfully raised $26 million in its latest funding round, consolidating its position…
#blockchain#digitalisation#digitisation
Sharakah, a closed joint stock company in Oman has decided to invest in ... (more…)
#Beehive#funding#invoice
Alfanar has become the first local client in Kingdom of Saudi Arabia to benefit from... (more…)
#First Abu Dhabi Bank#supply chain finance
UAE firm e& enterprise announced the signing of the agreement to acquire majority stake in the digital SME finance platform, Beehive.Founded…
#Beehive
Saudi Arabian buy now, pay later (BNPL) provider Nakhla for Information Technology Systems LLC (Tamara) has landed a US$150m warehouse…
#BNPL#Goldman Sachs#receivables securitisation
In a ceremony in Tehran this week, Iran’s finance minister Ehsan Khandouzi has announced the launch of the first banking…
#bank#bank loan#banks
Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced the allocation…
#SME bank
The Moroccan government has recently authorised Crédit Agricole du Maroc to create its factoring subsidiary. The new structure - Crédit Agricole…
#bank#guarantees#management
ICC UAE announces the 2nd edition of Global Trade Facilitation Summit 2023... (more…)
#emerging markets#exporters#risk
In order to allow customers to perform multiple tasks from one platform, MODIFI, a global commerce platform has expanded its…
#DP World#MODIFI
To better support the small and medium sized enterprises (SMEs) in Egypt and help improve the financial environment for customers,…
#banking services#financial services#international