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ADCB engages Islamic fintech start-up FlexxPay to boost digital offering

One of the largest banks in the UAE has partnered with FlexxPay to provide Shariah compliant on-demand pay services to companies in the Emirates.

FlexxPay

In a traditional pay cycle, an employee gets paid the salary at the end of each month. This method of paying employees is failing...

FlexxPay closes US$3 million funding round

Following a string of successful Islamic fintech funding deals, Islamic alternative finance company FlexxPay has raised US$3 million in a pre-series A round, supporting...

GCC’s large population of migrant workers to have digital banking access with Shariah compliant options

UAE-based NOW Money, a fintech company that offers digital payroll and accounts services with Shariah compliant options to underserved migrant workers, has secured US$7...

Saudi welcomes two new digital payment start-ups

Two new digital payment start-ups have officially entered the Saudi space with licenses from the Saudi Central Bank, bringing the number of regulated fintech...

DIFC invests in Islamic fintech

The Dubai International Financial Centre (DIFC) has invested in four fintech start-ups including two which offer Shariah compliant services — remittance platform NOW Money...

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