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UAE’s fintech Qashio partners with Emirates Skywards

Startup News FYI

Startup News FYI · 1y ago

UAE’s fintech Qashio partners with Emirates Skywards

UAE fintech company Qashio has partnered with Emirates Skywards and flydubai to allow customers to convert Qashio Points into Skywards Miles. Qashio's loyalty program rewards business purchases made with their expense cards, and now customers can easily convert their points into Skywards Miles for individual employees with Emirates Skywards accounts. This partnership aims to offer customers exclusive travel benefits with Emirates, including flight rewards and upgrades. Qashio is a comprehensive business expense and expense management solution based in Dubai.

Related News

MENA Digest: Saudi, UAE and Qatari fintech startups lead funding activity

VCCircle

VCCircle · 2m ago

MENA Digest: Saudi, UAE and Qatari fintech startups lead funding activity

Fintech startups in the Middle East and North Africa are experiencing significant funding activity, led by companies from Saudi Arabia, the UAE, and Qatar. Saudi Arabian platform Stitch raised $10 million for expansion, UAE fintech Qashio secured $19.8 million for Saudi Arabian entry, and Qatar’s PayLater received investment to enhance operations. Additionally, UAE's Gainz and Saudi's BirdEye also garnered funding for growth, reflecting a dynamic fintech landscape in the region.

Now, UPI To Be Linked With UAE’s Instant Payments Platform AANI

Inc42 · 1y ago

Now, UPI To Be Linked With UAE’s Instant Payments Platform AANI

The Unified Payments Interface (UPI) will now be linked with the United Arab Emirates' (UAE) instant payments platform AANI, facilitating seamless cross-border transactions between the two countries. This agreement was signed during Prime Minister Narendra Modi's visit to the UAE, where he also launched RuPay card services and signed agreements to link domestic debit/credit cards - RuPay from India and JAYWAN from the UAE. The extension of UPI services in Sri Lanka, Mauritius, and France, along with the large Indian expatriate community in the UAE, is expected to enhance digital transactions for Indian nationals globally.

UAE's e& seeks to buy $8.6 bn European carrier United Group

VCCircle

VCCircle · 1y ago

UAE's e& seeks to buy $8.6 bn European carrier United Group

Emirates Telecommunications, based in Abu Dhabi, is reportedly considering the acquisition of United Group, a European cable and pay-TV operator. The deal is valued at approximately €8 billion ($8.6 billion). Private equity firm BC Partners, which currently owns a majority stake in United Group, plans to begin the formal sale process next month. Neither United Group nor Emirates Telecommunications have responded to requests for comment.

MENA Digest: UAE’s Flow48, Saudi Arabian CQR, Bahrain’s Lola get funding

VCCircle

VCCircle · 5m ago

MENA Digest: UAE’s Flow48, Saudi Arabian CQR, Bahrain’s Lola get funding

Several Middle Eastern startups have received funding to support their growth. UAE's Flow48, a fintech startup, raised $69 million to expand its financial services in Saudi Arabia and the UAE. Saudi Arabian cybersecurity firm CQR secured $3 million to enhance its AI capabilities. UAE-based SaaS provider Journify obtained $4 million for growth, and Omnispay, a fintech startup, raised $1.5 million. In Bahrain, foodtech startup Lola received $1.3 million to expand in Saudi Arabia and the Gulf region.

Emirates NBD ties up with Pine Labs to strengthen merchant acquiring solutions

Entrackr

Entrackr · 1y ago

Emirates NBD ties up with Pine Labs to strengthen merchant acquiring solutions

Fintech firm Pine Labs has partnered with Emirates NBD, one of the leading banking groups in the Middle East, North Africa and Turkey (MENAT), to bring world class payment acquiring solution to the region. As part of its growth plans, Emirates NBD is expanding its offering by leveraging Pine Labs’ Credit+ platform to deliver merchant acquiring processing solutions for its corporate and institutional clients, initially in the UAE then across the Kingdom of Saudi Arabia and Egypt. The expanded suite of solutions will empower the bank’s clients to improve their digital payment system for both online and instore payments. “We have built many retail payment solutions in India and these are very relevant in global markets. RTP, Online, Contactless, Token management, NFC all services included here. Couldn’t be more excited with global Fintech,” said Amrish Rau, CEO of Pine Labs. According to Rau, Pine Labs’ acquiring processing platform Credit+ is built for scale and is already live in more than 20 countries. Emirates NBD has presence in 13 countries, serving over 9 million active customers. The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 858 branches and 4,450 ATMs.

MENA Digest: UAE’s KLAIM, Turkish startup Buyutech, Saudi’s Ajras secure funding

VCCircle

VCCircle · 4m ago

MENA Digest: UAE’s KLAIM, Turkish startup Buyutech, Saudi’s Ajras secure funding

This week's funding activities in the Middle East and North Africa region were led by UAE's fintech KLAIM, which raised $10 million to expand its healthcare SME solutions. Turkish camera company Buyutech secured funds from Türkiye Development Fund for scaling, while Longevity Wellness Hub in the UAE and Saudi Arabian proptech startup Ajras also obtained financing for expansion. Additionally, Saudi e-commerce platform Aya and Moroccan superapp ORA Technologies raised funds to enhance market presence and accelerate growth.

MENA Digest: UAE’s Tarjama, Egyptian startup Sylndr, Cairo’s Thndr get funding

VCCircle

VCCircle · 2m ago

MENA Digest: UAE’s Tarjama, Egyptian startup Sylndr, Cairo’s Thndr get funding

Startup funding in the Middle East and North Africa (MENA) region featured significant investments in UAE's Tarjama, Egypt's Sylndr, and Cairo's Thndr. Tarjama, a language solutions company, raised $15 million for technological expansion and AI development. Sylndr, a used-car platform in Egypt, secured $15.7 million to enhance its fintech capabilities and expand operations. Thndr, an investment platform, also gained $15.7 million to grow regionally. Several other startups in Saudi Arabia, Kuwait, and more also received varying funding amounts.

CleanMax owner Brookfield targets $5 bn for climate fund backed by UAE’s Alterra

VCCircle

VCCircle · 1y ago

CleanMax owner Brookfield targets $5 bn for climate fund backed by UAE’s Alterra

Canada's Brookfield Asset Management plans to raise up to $5 billion for a new climate-focused fund called the Catalytic Transition Fund (CTF). The fund, launched in partnership with UAE-based climate investment firm Alterra, aims to invest in clean energy and transition assets in emerging economies such as South and Central America, South and Southeast Asia, West Asia, and Eastern Europe. Brookfield expects the CTF to make its first close by the end of 2024. The firm is increasing its focus on drawing up a pipeline of potential investments in the clean energy space and pre-marketing to potential partners.

MENA Digest: UAE’s Qeen AI, Egyptian firms Khazna and Simplex net big cheques

VCCircle

VCCircle · 6m ago

MENA Digest: UAE’s Qeen AI, Egyptian firms Khazna and Simplex net big cheques

UAE-based AI startup Qeen AI secured one of the largest seed investments in the MENA region, raising $10 million. Egyptian fintech Khazna obtained pre-Series B funding to support expansion, while CNC machine manufacturer Simplex gained $13 million to expand operations. Wealth management platform Myne raised $2 million. Additionally, Lendo, a Saudi debt crowdfunding marketplace, acquired a $690 million facility to enhance lending and SME coverage, marking notable funding activities across the region.

Dubai's Emirates NBD partners with BlackRock to offer private markets access

VCCircle

VCCircle · 4m ago

Dubai's Emirates NBD partners with BlackRock to offer private markets access

Dubai's Emirates NBD has partnered with BlackRock to offer its wealth management clients access to alternative asset classes, mainly focusing on private markets. This collaboration will establish an investment platform in the United Arab Emirates, initially targeting private credit and multi-alternatives. By diversifying their portfolios in private markets, clients may seek higher returns than traditional investments. BlackRock's Alternative Investments platform, with over $450 billion in assets, will facilitate these opportunities.

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