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Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
Goldman Sachs has revised its oil price forecasts downward, projecting $71 a barrel by December 2025 and $68 in 2026, due to anticipated weaker US economic growth and increased OPEC+ supply. Analysts highlight the need for refiners to hedge against potential margin pressures as demand risks rise, while geopolitical factors, including energy sanctions and production increases from exempt OPEC producers like Libya and Iran, will also influence prices. Despite the downgrade, a modest recovery in oil prices is expected in the coming months, contingent on stronger GDP growth and ongoing sanctions on Russian energy.
In March 2024, Kushner praised Gaza's beachfront property while advocating for ethnic cleansing, contrasting with the Oscar-winning documentary "No Other Land," which highlights Israeli-Palestinian cooperation in rebuilding. Elon Musk distanced himself from job cuts at the Department of Veterans Affairs, attributing them to agency heads, while acknowledging his own missteps. Concerns grow over Musk's influence at the Social Security Administration, where aggressive cuts could harm millions of beneficiaries. The National Republican Congressional Committee faced backlash for labeling a U.S. citizen, Rep. Adriano Espaillat, an "illegal immigrant," reflecting the party's increasingly xenophobic rhetoric.
Forty-one Egyptian companies have formed the Arab Alliance for Industrial Investment to enhance exports and engage in reconstruction projects across Arab markets, starting with Libya and expanding to Iraq and the UAE. The initiative aims to provide investor support services and capitalize on growing economic ties, particularly in Iraq, which seeks significant foreign investment for reconstruction efforts. Additionally, a proposed USD 27 billion development project in Gaza aims to improve living conditions and reduce tensions in the region.
Cauridor, co-founded by Oumar Rafiou Barry, has achieved over 90% revenue from its payment rails division, reaching a total payment volume of $500 million in 2024. With plans for expansion into Mali and Nigeria, the company is also exploring blockchain integration to enhance cross-border payments in Africa.Meanwhile, Libya's first B2B e-commerce platform, Alkremeya, has launched to modernize the grocery supply chain, aiming for regional expansion across North Africa and the Middle East. The platform connects retailers with importers, streamlining procurement and enhancing transparency.In Egypt, Souhoola has partnered with Visa to launch a new prepaid card aimed at promoting financial inclusion and improving the shopping experience for Egyptians, set to launch in 2025.
Alkremeya is transforming Libya's grocery industry through digital innovation, aiming for expansion in North Africa and the MENA region. The company plans to invest in AI and machine learning, enhance partnerships, and empower local communities, positioning itself as a leader in the B2B digital economy. Meanwhile, Egypt's fintech sector has surged 5.5 times in five years, driven by digital payments and lending, supported by government initiatives to foster financial inclusion and innovation.
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paysky secures recognition and funding to enhance fintech infrastructure in africa
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paysky secures top fintech recognition and expands digital payment solutions in mena
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paysky secures top fintech recognition and expands digital payment solutions in mena
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