VC React Podcast (E11): Fintech Consolidations, Open Banking, Payments Solutions, Wealth Managers

Sep 5, 2024

Ask episode

Chapters

Transcript

Episode notes

VC React Podcast:

Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on ⁠⁠⁠https://www.vcpreneur.com/⁠⁠⁠ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on ⁠⁠⁠https://www.fwdstart.me/⁠⁠⁠

--- Available on:

---

Guests:

1. Hasan Haider, Founder and Managing Partner @ Plus VC - LinkedIn Profile: https://www.linkedin.com/in/hasanhaider/ - VC Firm Website: https://plus.vc/ 2. Karim Samakie, Advisor @ Fintech Saudi - LinkedIn Profile: https://www.linkedin.com/in/karimsamakie/ - VC Firm Website: https://fintechsaudi.com/ 3. Kevin Holliday, Managing Director @ C3 - LinkedIn Profile: https://www.linkedin.com/in/kevin-holliday-5176b4130/ - VC Firm Website: https://wegrowwithc3.com/

#startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi

— Super Returns VIP Code For 10% Discount: FKR3559FWDS Book your ticket here: https://tinyurl.com/khf9ms7u SVVI Calendar: https://www.svvi.co/ VC Evolve Book On Amazon: 𝗲𝗕𝗼𝗼𝗸: https://www.amazon.com/dp/B0DFLJF1PR 𝗣𝗮𝗽𝗲𝗿𝗯𝗮𝗰𝗸: https://www.amazon.com/dp/B0DFLY2WHL 𝗛𝗮𝗿𝗱𝗰𝗼𝘃𝗲𝗿: https://www.amazon.com/dp/B0DFLYJBRQ ---

News of the week brought to you by FWDstart. In Today's Episode:

- Tabby to acquire Saudi digital wallet Tweeq in move to expand services beyond BNPL Source: Arabian Business Summary: Saudi Arabia-based fintech Tabby has announced finalising an acquisition deal of Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). Founded in 2019 in the UAE by Hosam Arab, Tabby is a buy now pay later (BNPL) fintech with over $6 billion in annualised transaction volume. Meanwhile, Tweeq, founded in 2020 by Saeed Albuhairi and Abdulaziz Almalki, offers a spending account that allows customers to spend, send, and manage their money.

- Tarabut acquires UK payments platform Vyne Source: Zawya Summary: UAE-based open banking platform Tarabut has acquired the London-based fintech Vyne. This acquisition bolsters Tarabut’s ability to deliver faster, more accessible, and more interconnected financial services, both across the region and globally. Founded in Bahrain in 2019 by Abdulla Almoayed, Tarabut connects a regional network of banks and fintechs via a universal application programming interface (API). Vyne, founded in 2019, is a real-time account-to-account (A2A) payments platform for online businesses. - UAE’s Ziina Raises $22M In Series A Funding To Shift From Payments To Full Financial Services Source: Forbes Middle East Summary: UAE-based fintech Ziina has raised $22 million in a Series A funding round, led by US-based Altos Ventures, along with other investors including Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP, and Jabbar Internet Group. - Saudi fintech Malaa secures $17.3 million Series A Source: Wamda Summary: Saudi Arabia-based fintech Malaa has closed a Series A funding round at $17.3 million, led by SNB Capital, with participation from Derayah Financial, Khwarizmi Ventures, Impact46, and WKN. Founded in 2021 by Ali Aloraini and Faisal Alqarni, Malaa is a wealth management tool that empowers individuals and organizations for better financial decisions by offering data-driven financial products and services. --- (أحمد طقاطقه) ---