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Astra Tech (Astra), a UAE-born consumer technology development and investment company, has announced that G42, the UAE's leading AI and cloud computing technology holding group, will be taking the role of Lead Investor in its latest funding round.

ImoPay, a brand-new mobile payment service, has been introduced in Jordan through a partnership between UWallet

Hub71, Abu Dhabi's global tech ecosystem, has expanded its community to more than 200 startups following the selection of 20 companies to join its latest cohort.

These startups are helping to transform the financial sector in the country, making it more accessible and inclusive. Here are five of the most disruptive startups in the space.

e-finance, Egypt's national developer of digital payment infrastructures, announced a partnership with IBM to expand its digital payment services and enable clients to securely make payments across hybrid cloud environments.

FOO, an award-winning provider of B2B SaaS solutions, has signed an agreement with Network International, the Middle East and Africa's leading enabler of digital commerce (MEA).

DIFC FinTech Hive, the financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced that it will host its annual flagship Investor Day event in the metaverse for the first time. 

Money Fellows, an Egyptian fintech business, announced that it has received $31 million to extend its service offerings and grow across Africa and Asia. Led by Germany's CommerzVentures, Middle East Venture Partners and Kuwait's Arzan Venture Capital, this was the company’s fourth funding round since 2018.

Savoye appointed Khalil Sebaaly as business development manager in the Kingdom of Saudi Arabia to raise awareness and foster customer relationships in order to ensure smooth operations. Along with providing a unique perspective on the market, Sebaaly will be in charge of forming new strategic alliances and locating suppliers in order to popularize Savoye's technology and services across the country.

Like Digital & Partners, the award-winning agency with offices in Dubai, London, and soon Riyadh, will join commercetools and take part in Seamless Saudi Arabia 2022, which will take place from November 2-3 at the International Convention & Exhibition Centre in Riyadh.