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Dubai: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, continues to build on its leadership in driving the Future of Finance with a new virtual format for its highly successful FinTech Accelerator programme this year. The FinTech Accelerator 2021 will be run as a hybrid format this year, opening up participation to FinTech startups from around the world that are looking to access Middle East markets as well as benefit from DIFC’s position as a global financial hub. Bringing together the community of the regi...

  Region’s only FinTech-focused startup ecosystem again leads the way in driving innovation in the finance industry with a new format of its highly successful FinTech Accelerator New virtual format for 2021 opens up participation to world-class FinTechs seeking to access Middle East markets and beyond Programme is set to support more FinTechs than ever, with two ‘innovation sprints’ offering flexible participation during the year Dubai, UAE, 19 May 2021: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, c...

Mamo raises $8 million in pre-Series A (L-R) Mohammad El Saadi, Asim Janjua, Imad Gharazeddine, co-founders of Mamo UAE-based fintech startup Mamo has raised $8 million in its pre-Series A round led by Global Ventures, with the participation of 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and some fintech-focused Silicon Valley investors. Co-founded by Asim Janjua, Imad Gharazeddine and Mohammad El Saadi, three former Google employees, Mamo is a digital wallet and payments platform that allows users to send and receive payments through their smartphone, free of charge. It recently laun...

The funding will be used initially on developing the company's service offerings.