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Maalexi secures USD 1 mn in venture debt
Indian-based Stride Ventures led the funding round
German Mitgo earmarks USD 20 mn for UAE fintech arm
Mitgo will launch the new product within the coming two months
Abu Dhabi’s sovereign wealth fund ADQ listed its USD 2.5 bn bonds on ADX
The issuance was 4.4x oversubscribed, receiving over USD 11 bn in orders
Corporate clients at Mashreq can now make instant payments
The service is integrated with the Central Bank of the UAE’s Aani
Etihad Cargo to start operating freighters to China
PLUS: AD Ports to upgrade Bangladesh ports
Comfi secures USD 5 mn debt facility for B2B payments expansion in UAE and KSA
The financing will also support Comfi expand its pay-later and pay-now solutions for B2B supply-chain businesses
CBUAE issues regulatory sandbox for fintechs
Businesses must launch their products in the UAE after exiting the sandbox
Now Money raises USD 4 mn in equity round
The money will be used to to scale up its operations and enhance its technology product offerings
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