Media-Center

startAD’s Fintech Venture Launchpad Demo Day propels startups into global ecosystem

Abu Dhabi, September 16, 2017: WaveX, Docswallet and uHONCHO were declared the first, second and third place winning teams at the startAD Fintech Venture Launchpad demo day on Thursday, September 14. The winning teams will receive up to $120,000 in IBM Cloud credit for a year in order to implement their applications as part of IBM Global Entrepreneur program - a startup’s gateway into a global ecosystem of top business leaders and investors, technical experts, and enterprise clients.

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UAE Exchange ties-up with FEWA for Bill Payment Cash Collection Service

Abu Dhabi, 28 September 2017: UAE Exchange, the leading global Money Transfer, Foreign Exchange and payment solutions brand, has entered into a strategic alliance with the Federal Electricity and Water Authority (FEWA) to launch a cash collection service for bill payments to the utility provider in the UAE.

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FinTech Hive at DIFC Commences Inaugural Accelerator Programme

Dubai, UAE: 21 August 2017 – FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, announces the commencement of its inaugural accelerator programme today. The programme features 11 finalists and brings together an emerging generation of technology leaders and entrepreneurs to address the evolving needs of the region’s financial services industry by providing a platform in which they can collaborate with leading regional and international financial institutions.

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SWYCH CLOSES SERIES A FUNDING ROUND WITH LEAD INVESTMENT FROM UAE EXCHANGE GROUP

UAE Exchange Group leads Series A investment round and will leverage the award-winning Swych platform to offer digital gifting services to its global consumer base, enabled through purpose-based remittances.

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GoCompare joins UAE Exchange Group and Riyad Taqnia Fund for landmark investment in award-winning Souqalmal.com

Dubai, United Arab Emirates : Souqalmal.com, the biggest personal finance comparison website in the Middle East, is getting a lot bigger. The company has raised USD 10 million in a Series B investment, notable for both its size and the high profile of the investors for a significant portion of that figure.

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