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Lendo has partnered with Vienna-based Quantic Financial Solutions GmbH for an institutional capital program of up to SAR 750 million (US$200 million).

The Austrian asset manager will fund working capital financing for small and medium enterprises across Saudi Arabia.

The ...


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Citi has partnered with Mastercard to launch a subscription management tool in the UAE. The feature lets cardholders track and manage recurring payments through the mobile banking app.

<...

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The Saudi Central Bank (SAMA) has announced that Tap to Pay on iPhone will soon be available in Saudi Arabia.

SAMA made the announcement during the Money20/...


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The Saudi Central Bank (SAMA) and Ant International have signed an agreement to let merchants in Saudi Arabia accept Alipay+ payments by 2026.

The deal was announced at the


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OCTA has raised US$3.5 million in a seed round led by Middle East Venture Partners, bringing its total funding to US$5.6 million.

Wa’ed Ventures, Plug and Play and A-typical Ventures participated alongside existing investors Sukna Ventures and Sadu Capital.

The company has ...


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