Wosul raises $20mn pre-IPO round

Riyadh - Sharikat Mubasher: The Saudi fintech company Wosul raised a pre-IPO round worth around $20 million, CEO Fahad Alghamdi unveiled.The company plans an initial public offering (IPO) on the Saudi capital market (Nomu) in 2026, Alghamdi said in a

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Hub71-backed Abhi teams up with Mastercard

Abu Dhabi - Sharikat Mubasher: Abhi, an embedded finance platform backed by Hub71, forged a partnership with Mastercard to enhance the financial payments landscape across the UAE, according to a recent statement.Through this partnership, both pa

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Riyad Capital launches 1957 Ventures to boost fintech sector

Riyadh - Sharikat Mubasher: Riyad Capital, the investment arm of Riyad Bank, launched a closed-end investment fund, named 1957 Ventures, to accelerate the growth of the Saudi fintech sector, a recent statement revealed.Backed by Riyad Bank, the fund

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Alraedah teams up with ABHI to revolutionize financial services in KSA

Riyadh – Sharikat Mubasher: Alraedah Digital Solutions, a leading technology company and the innovation arm of Alraedah Digital Group, signed a partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factorin

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Lune Technologies raises $1.5mn seed funding

Dubai - Sharikat Mubasher: Lune Technologies, a leading financial data analytics company in the UAE, secured $1.5 million in a seed round with participation from Dubai Future District Fund (DFDF), Plus Venture Capital, Reach International, Judah Vent

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