Mashreq has invested in NymCard, the Middle East’s Banking-as-a-Service provider, in order to promote the UAE’s thriving FinTech sector and the next generation of innovators, said a company statement. Through NymCard’s contemporary open APIs, it will enable fintechs of all sizes to establish business propositions that require payment card capabilities. The deal’s terms were not made public.

Partech Africa has released its annual report on Venture Capital Funding for African Startups. Despite worldwide VC growth, Africa tech developed faster than any other region in 2021

VentureIsrael’s initial closing has attracted substantial attention from private and institutional investors globally. The fund headquarters are based in Tel-Aviv, with an international subsidiary in London.