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Egyptian fintech startup Basata has increased its stake in Jordan’s MadfoatCom to 25%, enhancing its role in promoting digital financial inclusion and improving the digital payments infrastructure in Jordan. This strategic investment aims to expand Basata's network and introduce innovative financial solutions, fostering a more inclusive digital economy in the region.
Omnispay, a UAE-based fintech startup, has secured $1.5 million in seed funding to enhance digital payments for SMEs, addressing the significant gap in the GCC's $1.5 trillion B2B payments market. The platform integrates invoice management, flexible payment disbursements, and micro-lending solutions, aiming to democratize access to financial tools for underserved businesses. Since its launch in 2022, Omnispay has onboarded over 1,600 businesses and achieved rapid growth, with a 40% month-on-month increase in transaction volume.
Omnispay, a UAE-based fintech startup, has secured $1.5 million in seed funding to enhance SME digital payments. The platform aims to streamline cash flow management for SMEs by integrating invoice management, payment disbursements, and micro-lending solutions, addressing the significant gap in digitized B2B transactions in the GCC. Since its launch in 2022, Omnispay has onboarded over 1,600 businesses and achieved 40% month-on-month growth in transaction volume.
Aladdin Saba
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basata increases stake in madfoatcom to enhance digital payments in jordan
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14:15 25.02.2025
fintech startups expand digital payment solutions across mena and southeast asia
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