Paymob, a leading fintech company, has achieved a significant milestone in its expansion efforts with the acquisition of the Central Bank of Oman’s (CBO) Payment Service Provider (PSP) license. This remarkable accomplishment positions Paymob as the first international fintech company to be fully licensed in the Sultanate. The PSP license grants Paymob the authority to accept and process online and
UltiHash Inc. announced today that it has successfully closed a pre-seed funding round, securing $2.5 million. This investment will pave the way for the launch of their innovative high-performance data storage software, which aims to revolutionize the way companies store and manage data. By addressing the existing challenges in data storage, UltiHash offers a solution to strike a better balance
In a bold move to redefine billing infrastructure, two leading companies have joined forces to empower businesses with unparalleled flexibility in pricing structures. This groundbreaking collaboration aims to revolutionize the way businesses transact and navigate the complexities of the digital marketplace. Benefits for Businesses With this collaboration, businesses can anticipate a billing infrastructure that is more intuitive and dynamic. This
Tencent, a leading technology company in China, has introduced an innovative palm scanning service called Weixin Palm Payment. This groundbreaking technology is transforming the way users engage in their daily activities, allowing them to forego traditional essentials such as house keys, wallets, or smartphones. With the aim of integrating palm payments into diverse scenarios for unparalleled convenience, Tencent’s venture into
In a significant industry milestone, TreviPay has joined forces with Mastercard to introduce its Universal Acceptance solution, revolutionizing B2B payments. This innovative partnership aims to extend supplier access and expedite the implementation of TreviPay’s cutting-edge payment and invoicing technology. By leveraging Mastercard’s extensive commercial card payment capabilities and worldwide acceptance network, this collaboration brings together the best of both worlds
InsurTech startup Korr, based in New York City, has successfully raised $3.2 million in seed funding. This significant investment marks a major milestone for the company and signals its commitment to driving innovation and transforming the insurance landscape. Led by Motive Ventures and Tokio Marine Future Fund, the funding round will provide Korr with the necessary resources to enhance their
The National Bank of Oman (NBO) has recently entered into a strategic partnership with PayMate India SPC, a leading B2B digital payments company. This collaboration aims to revolutionize the B2B payment landscape by harnessing PayMate’s innovative solutions. By leveraging their expertise, NBO and PayMate are set to enhance business efficiency, provide detailed reporting, enable quick reconciliation, and offer transparent cash
A recent in-depth study conducted by Bitget, a leading cryptocurrency exchange and Web3 company, has shed light on concerning gender disparities within the funding landscape of blockchain startups. This comprehensive analysis, spanning two years, aims to expose the investment patterns that affect both male and female-led startups within the crypto industry. The findings of this study are crucial in identifying
Kazakhstan, a rapidly developing country in Central Asia, is set to launch a national digital investment platform in 2024. This groundbreaking initiative aims to create an information system that will provide comprehensive support for investment projects. The platform, which will be equally useful for entrepreneurs, government agencies, financial institutions, and the quasi-public sector, has the potential to revolutionize the investment
FusionIQ, a leading provider of digital investment solutions, has joined forces with Kinecta Federal Credit Union to enhance its digital offerings and boost digital wealth management. This partnership is a testament to FusionIQ’s commitment to delivering innovative solutions that align with the evolving needs and preferences of financial institutions and their members. The FusionIQ One Platform: Empowering Banks and Credit
UK-based asset and wealth management software vendor, Zilo, has successfully raised £25 million in a Series A funding round, which saw participation from renowned financial institutions such as Citi, Fidelity International Strategic Ventures, Portage, and State Street. This funding will enable Zilo to further develop its cutting-edge SaaS technology platform for global transfer agency services, offering asset and wealth managers
As we bid farewell to the rollercoaster year of 2023, the AI startup landscape is poised for an exciting journey ahead in 2024. The industry is moving past its initial hype cycle, and investors are optimistic about the emergence of more durable businesses. In this article, we will explore the expectations for continued funding, the potential second wave of AI
