Blockchain, cryptocurrency, and Web3 technologies
UAE-based fintech Fasset has raised 68 million dollars in a Series C led by Japan's SBI Group, hitting a 1 billion dollar valuation and unicorn status. The stablecoin neobanking platform reached the milestone just three months after its Series B.
Egyptian-founded, UAE-based fintech Remi has won a 135,000 dollar grant from the Stellar Community Fund to build confidential blockchain settlement for banks, tackling the tension between public-ledger transparency and financial privacy.
Dubai-based Oro has raised 3 million dollars to simplify DeFi using AI, letting users state financial goals in plain language while its agent handles the complex, multi-step transactions, all without ever taking custody of their funds.
Abu Dhabi's Soter Insure has closed the first tranche of a Series B led by Galaxy Digital, bringing total funding to 23.5 million dollars plus 500 Bitcoin and 2,000 Ethereum. The unusual crypto-denominated raise signals what it is, an insurer built for risks mainstream firms refuse to cover.
Maalexi has closed a 2.8 million dollar funding round with an unusually pointed ambition, which is to build what it calls the world's first regulated exchange for agricultural commodities, led by Tawuniya, Saudi Arabia's largest insurer, alongside Global Ventures.
The plumbing that moves money across borders is still surprisingly broken, and AXON is one of the latest UAE companies trying to fix it. The Dubai based fintech has secured its first institutional commitment of $1 million, part of a round targeting $5 million, to build cross-border payment infrastructure.
Some fintech ideas are born out of opportunity, and some out of trauma. Sovra falls firmly into the second category. The UAE based fintech, which gives users a global digital dollar account they actually control, has raised more than $2 million in a pre seed round to fund engineering and product expansion ahead of launch.
Investment firm backed by Sheikh Tahnoon bin Zayed Al Nahyan acquired a 49% stake in World Liberty Financial, the cryptocurrency company linked to the Trump family, for $500 million.
Ripple partners with Bahrain FinTech Bay to launch RLUSD and blockchain projects, finding trust, regulation, and a new home for tokenized finance in MENA.
Paribu acquires a majority stake in CoinMENA at a $240M valuation, expanding its regulated crypto presence across Bahrain and Dubai in one of Türkiye’s largest fintech deals.