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🚀🤝Turkish financial giant Papara has revealed its intentions to acquire Pakistan's FinTech startup, SadaPay, in an all-stock deal estimated to be worth between $30 and $50 million. 💳This announcement highlights the growing cooperation across global FinTech firms. In addition to this calculated purchase, Papara has invested an extra $10 million in SadaPay, intending to support the latter's efforts to transform banking in Pakistan's quickly changing fintech scene. Brandon Timinsky Omar Qureshi Sergio Schüler Ali Samir Oosman Volkan Nazmi Metin Ahmed F. Karslı İlker Diker Emre Kenci #technicalbeep #ideasphere #startupspace #startup #eutech #venturecapital #funding #tech #fundingnews #fintech #financial #finance #fintechsolutions #fintechrevolution

M2P Fintech Secures $80 Million Funding at $900 Million Valuation Indian fintech sector M2P Fintech, the API infrastructure platform formerly known as Yap, has successfully raised $80 million in a new round of funding. The investment values the company at an impressive $900 million. This fresh influx of capital comes after a gap of two and a half years since the company's previous funding round of $56 million led by Insight Partners. The identity of the lead investor in this latest round has not been disclosed. M2P Fintech has been rapidly expanding its footprint, with operations in countries including Nepal, UAE, Australia, New Zealand, Philippines, Bahrain, and Egypt. The company's API platform empowers businesses to offer their own branded financial services while ensuring compliance through partnerships with fintech companies. This funding round is expected to fuel M2P Fintech's growth trajectory, enabling the company to further strengthen its platform, expand its geographic reach, and potentially explore strategic acquisitions. With this latest valuation, M2P Fintech joins the ranks of India's most valuable fintech startups, underscoring the growing potential of the Indian fintech ecosystem. #startup #startupnews #business #m2p #fintech #finance #growth #india #economy #ecosystem #potential #fuel #valuation #post

Big news for Pakistan's #fintech and startup space! Turkish fintech giant Papara is set to potentially acquire SadaPay for a staggering $50 million, which could revolutionize Pakistan's financial landscape 🚀 #FintechEvolution #GlobalExpansion Read the details here: https://lnkd.in/d_jQBkec

🚀 Exciting News for Fintech in the UAE! 🚀 Ziina زينة, the UAE-based fintech startup, has just secured a $22 million funding round led by Altos Ventures. This investment will supercharge Ziina’s mission to revolutionize digital payments in the region, empowering 50,000+ retail and business customers with simple, secure, and instant transactions. 🌐💸 As the UAE continues solidifying its position as a fintech hub, Ziina is poised to lead the charge in making cashless transactions the norm. This latest funding marks a significant milestone not just for Ziina, but for the entire fintech ecosystem in the Middle East. 🌍💡 With this capital, Ziina plans to expand its offerings, enhance user experiences, and drive innovation across the UAE’s rapidly growing digital economy. The future of fintech in the region looks brighter than ever! 🚀 💬 What are your thoughts on Ziina’s growth and the impact on the UAE’s digital economy? Let’s discuss it! https://lnkd.in/gMYS-R7n #Fintech #StartupFunding #DigitalPayments #UAE #Ziina #MiddleEast #Innovation #VentureCapital #TechStartups

Turkish FinTech Colendi secures $65m funding round led by Citi Ventures Turkish FinTech startup, Colendi, has successfully raised $65m in fresh funding. This latest funding round saw participation from a diverse group of investors, including Citigroup Inc.’s venture capital arm, Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg, and Hedef Holding, according to a report from Bloomberg. Existing investors also contributed to the Series B round. Colendi, known for its innovative digital banking and financial services, has received approval from Turkey’s banking regulator to establish a digital bank. Colendi co-founder and CEO Bulent Tekmen said, “With the oversubscribed Series B round the investment necessary for the establishment of Colendi Bank has been raised.” The Istanbul-based company, which launched a new funding round in March, aims to raise over $150m by the end of the year. Tekmen anticipates that Colendi’s value will reach $1bn once the round concludes, achieving unicorn status. Colendi has outlined a strategy to become a major digital banking entity across the EMEA, the GCC, and Turkic republics. With a current user base of 17 million in Turkey, Colendi has ambitious plans to expand to emerging markets with large populations, such as Pakistan and Indonesia, aiming for a user base of 1 billion over an unspecified period. The company also targets a dual listing in Istanbul and London, planning to be IPO-ready by 2026. News credit FinTech Global #news #dailynews #trendingnews #dailynewsletter #viralnews #dailynewsupdates #financenews #fintech

UAE fintech Mamo secures a $3.4 million funding round #Mamo, a #fintech startup based in the UAE, has successfully raised $3.4 million in a new funding round. This round saw continued support from existing investors such as 4DX Ventures and the Dubai Future District Fund, along with new participation from Cyfr Capital. Mamo, co-founded by Imad G., focuses on simplifying financial operations for small and medium-sized enterprises (SMEs) through an integrated platform that consolidates payment collection, corporate cards, and expense management. This approach addresses the complex financial challenges that SMEs face daily, providing them with the tools needed to succeed in a competitive market. The newly secured funds will be utilized to expand Mamo’s product offerings within the UAE and to enter new regional markets, including the Kingdom of Saudi Arabia. This strategic expansion aims to enhance their financial services platform, tailored specifically for the extensive finance operations needs of SMEs in the region. Gharazeddine highlighted the significance of the SME sector, which accounts for 94% of the total companies operating in the UAE. He expressed pride in the achievements of the Mamo team and emphasized that the additional funding will accelerate their medium-term goals. This support from both new and existing investors underscores Mamo's expertise and commitment to delivering on their customer promise. Daniel Marlo, General Partner at 4DX Ventures, and Amer Fatayer, Managing Director – Investment Team at DFDF, both expressed their confidence in Mamo’s vision and innovative approach. Marlo praised Imad’s leadership and the comprehensive financial solutions Mamo offers, while Fatayer emphasized the importance of Mamo’s localized product lines in serving the underserved SME segment in the UAE. With a total of $13 million raised to date, Mamo is well-positioned to continue driving innovation in the fintech sector. Their streamlined financial services platform has significantly reduced transaction fees for SMEs, making financial management more accessible and efficient. As they expand their team and product offerings, Mamo is set to fortify its position as a leading financial services provider for SMEs in the Middle East. The article on FinTech Global in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

Singapore often dominates the conversation when it comes to funding, casting a large shadow on other often overlooked fintech startups from the region. Here are the top funded fintech startups in Southeast Asia beyond Singapore -with Netbank Investree Soft Space Bitkub Roojai https://lnkd.in/g5CJwwAs #fintech #funding #payments #lending #virtualbanking

As fintech becomes one of the key drivers of growth in today's digital India, it is good to see stakeholders sharpening the focus on compliance and guidelines, because with adequate checks and balances, fintech can actually unlock transformative value with grassroots impact that truly benefits all. https://lnkd.in/dihQ84QG #fintech #startup #growth #digital #transformation

Singapore often dominates the conversation when it comes to funding, casting a large shadow on other often overlooked fintech startups from the region. Here are the top funded fintech startups in Southeast Asia beyond Singapore -with Netbank Investree Soft Space Bitkub Roojai https://lnkd.in/g5CJwwAs #fintech #funding #payments #lending #virtualbanking

FinTech and Thailand I. 7 Fast-Growing Fintech Startups in Thailand ( link: https://lnkd.in/dmAVKDBG) II. Thailand’s Digital Banking License Race Heats Up with Bids from Top Conglomerates (link : https://lnkd.in/dJcF9Dmh) #fintech #thailand #asean #fintechtowatch #startups