The UAE-based fintech, XSquare, has raised an undisclosed pre-seed round led by Radled Venture with participation from Angel Spark, 500 Global, and Oraseya Capital.
First Abu Dhabi Bank (FAB) has announced that Payit has launched “Send Now, Pay Later,” allowing eligible customers to send money internationally immediately and settle payments in 30 days.
Sohar International has launched an innovation hub as the Omani bank looks to deepen its role in the country’s expanding fintech ecosystem and create a structured pathway for financial technology companies to develop and commercialize new solutions.
Voice AI startup HeyBreez has raised $2.5 million in a seed round to expand its AI-powered voice platform across global markets.
The round was led by Lunara Partners, with
For years, the first chapter of Africa’s fintech story was about getting people to pay digitally. The next chapter is increasingly about what happens after the payment.
Nigerian defense-tech startup Terra Industries has closed a $52 million seed round to scale its autonomous security systems and manufacturing operations across Africa and other emerging markets.
Kenyan startup JentaHub has launched a talent marketplace to connect African professionals with businesses and organizations seeking skilled workers globally.
Saudi investment firm Pinnacle Capital has launched a new venture capital fund targeting growth-stage technology companies in Saudi Arabia, combining primary investments with secondary transactions as the Kingdom’s startup ecosystem matures.
OpenAI has introduced Inference Residency in the UAE, allowing eligible ChatGPT Enterprise, ChatGPT Edu, and API customers to process AI model inference on GPUs located within the country.
The move
Nigeria’s central bank has opened a regulatory testing window for virtual-asset businesses, offering local founders a clearer path to develop and test digital financial products under supervision.
Kenya has approved its first locally domiciled exchange-traded fund (ETF), creating a new way for investors to gain exposure to the country’s banking sector without buying individual bank shares.
