Arabian FinTech

LuLu Financial Holdings, a leading global financial services group offering cross-border payments, currency exchange and financial technology solutions, has partnered with Purpleplum, a financial technology company providing digital banking infrastructure for banks, fintechs and enterprises, to reshape how financial services are delivered to businesses in the UAE. The partnership brings Purpleplum’s core-agnostic orchestration platform into LuLu Money Business, LFH’s SME-focused financial services proposition. By connecting existing banking infrastructure, payment rails, financial products and operational workflows, the collaboration aims to simplify how businesses transact, access financial services and manage their financial operations. 🔗 Read more: https://lnkd.in/ehuhGMCj #Purpleplum #LuLuFinancialHoldings #LuLuMoneyBusiness #SMEDigitalBanking #UAE #Fintech

Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, announced a strategic investment from Apollo to support its next phase of growth. Building on their existing relationship, Apollo will take a minority equity stake in Mubadala Capital and commit capital across its various investment strategies, working alongside Mubadala Capital as it continues scaling a world-class alternative asset manager. Read more: https://lnkd.in/eZw8rp2B

Dubai Chambers has launched “Chamber AI Hub”; the world’s first chamber-led Agentic AI marketplace, enabling companies operating in Dubai to access ready-to-use, specialised Agentic AI solutions that can perform a wide range of administrative and operational tasks. The initiative contributes to transforming corporate operating models and enhancing the competitiveness of Dubai’s private sector.

BY Venture Partners, a global early-stage venture capital firm headquartered in Dubai, today announced the successful $60 million close of its third vehicle, Fund III. The fund is anchored by the Dubai Future District Fund, with participation from established regional institutions, corporate venture arms, and prominent family offices, including leading regional player in AI and high-speed data infrastructure MultiLane, Transmed Capital, and the Idriss Family Office (KSA). Fund III expands BY Venture Partners’s total Assets Under Management to over $200 million. Read more: https://lnkd.in/euyvdjkB

Khaleeji | خليجي Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of a new version of the “Khaleeji Mobile App”, reflecting the Bank’s continued investment in digital transformation and its commitment to delivering a simpler, faster, and more integrated banking experience. The new version of the app introduces a wide range of features and services designed to help clients manage their finances with greater ease, intelligence, and flexibility. Read more: https://lnkd.in/evJM-taA

📈 Oman-headquartered Phaze Ventures today announced the launch of two new venture funds targeting over $75 million. Phaze Ventures Fund II, anchored by ITHCA Group, Ominvest and Oman LNG L.L.C. Development Foundation, continues the firm’s global AI and deeptech investment mandate, while Phaze Ventures Oman Fund, anchored by Future Fund Oman, establishes a dedicated capital pool for homegrown AI-enabled businesses. Read more: https://lnkd.in/esTzEvun

Paymentology, the leading global issuer processor, and Liabify, a UAE-based HR-fintech platform focused on employee financial wellbeing, are strengthening their collaboration to introduce co-branded prepaid cards for employees across the UAE, powered by Paymentology’s cloud-native issuing and processing technology. Through LiaPay, Liabify’s financial wellbeing app, the prepaid cards will enhance the app’s offering by enabling employees to access approved financing disbursements and make everyday payments through a single payment solution, complementing its existing payroll-linked financial tools and giving employees greater flexibility in managing their money. Read more: https://lnkd.in/e6AH_FD5

PayTabs Global, MENA’s award winning payment solutions powerhouse and a top 100 global fintech company announced it has signed a Memorandum of Understanding to acquire 100% of SeaPay from Saudi-listed Arab Sea Information Systems Company in a transaction aimed at strengthening the group’s payment infrastructure and revenue model in its largest market. By combining SeaPay’s acquiring capabilities with PayTabs existing payment acceptance, processing and switching infrastructure, the group aims to strengthen its position in Saudi Arabia and expand its ability to serve banks, enterprises, governments and merchants through an integrated payments platform. Read more: https://lnkd.in/eVK3eS3P

Ziina زينة, the UAE’s homegrown consumer and business financial platform, has secured its Retail Payment Services Category III license and authorization to conduct Exchange Business Category IV activities under its existing Stored Value Facility license from the Central Bank of the UAE (CBUAE), becoming the first homegrown UAE fintech company to hold regulatory authorizations spanning all three activities. https://lnkd.in/enASVKw5

Checkout.com, a leading global digital payments provider, has announced a partnership with PRYPCO, the first all-digital real estate ownership platform in the MENA region. Integration delivers a faster checkout experience for users, ensuring secure, efficient payments even during peak demand. PRYPCO will leverage payout capabilities and network tokens from Checkout.com to improve the payment experience and increase security. Read more: https://lnkd.in/e6BPCZWa