The company is planning expansion across the GCC, including Saudi Arabia and Bahrain
Ammar Afif, founder and managing director of Monami Tech
UAE-based FinTech payments company Monami Tech has successfully closed seed funding of $1 million, the first tranche of a Series A round, which is expected to raise over $3 million over the next 90 days.
The Securities and Commodities Authority had previously warned caution about digital, token-based fundraising activities
The UAE’s Securities and Commodities Authority (SCA) has approved a plan to regulate initial coin offerings (ICOs) and recognise them as securities, SCA chairman and Minister of Economy Sultan bin Saeed Al Mansouri said on Sunday.
Bahrain's FinTech Bay hopes to be a catalyst for change in the digitally-savvy kingdom
For decades, tiny Bahrain – population 1.5 million – has punched above its weight in the banking and financial services industry, rivalled only relatively recently in the Gulf by regional powerhouse Dubai. But rather than rest on its laurels, the small Gulf kingdom is striving to be on the cutti...
Financial technologies will play a key role in the GCC's economic diversification efforts
Smart money non-oil sectors including fintech is starting to gain ground in the region
Despite being a relatively recent phenomenon, financial technology – more popularly known as fintech – is changing the face of the modern financial landscape, whether through cryptocurrencies, smartphone app...