valU, a leading fintech startup in the Middle East and North Africa (MENA), has today announced the successful closing of its 10th securitized bond issuance, valued at $25 million (EGP 1.2 billion). This issuance is part of an extended securitization program worth EGP 9.0 billion and signifies a

Fidelity Bank's recent decision to block customer transfers to neobanks like OPay, Moniepoint, Palmpay, Kuda, and the like, a decision that it has now rescinded, sent shockwaves through Nigeria's rapidly evolving financial landscape. This move, primarily attributed to concerns over rising fraud and customer verification from

Floranow, a UAE-based B2B floral marketplace has fully bought Saudi Arabia’s fresh flower distributor Bloomax. The startup bought 100 percent shares of Bloomax, with the transaction funded by both debt and equity. With this acquisition, Floranow will now have a direct presence in nine KSA cities, expanding its current

WhiteBIT, one of Europe’s leading cryptocurrency exchanges, has made its official debut in Nigeria, marking a significant milestone in its global expansion efforts. With a steadfast commitment to security, liquidity, speed of execution, and user-friendly trading tools, WhiteBIT is poised to revolutionise the cryptocurrency landscape in Nigeria. Also, the

Digital solutions powerhouse of Zain Group, ZainTech has acquired Adfolks, a UAE-based cloud engineering firm that offers a range of cloud transformation services. The acquisition falls in line with ZainTech’s strategic plan to expand its technology offering while providing holistic solutions to its growing customer base. The deal marks