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FinTech news in Middle East category

Wealth Tech startup thndr raised Series A round of $20M led by Tiger Global Management

According to him, about 87% of Thndr users invested for the first time through the platform; 40% of its users come from outside of Cairo and Alexandria β€” rural areas with zero access to financial institutions; and Thndr accounts for 36% of all new registrations in the local Egyptian exchanges in 2021.

Banking startup Pluto raised seed round of $6M

With Pluto, he said, businesses can control spend before it even happens, by creating unlimited virtual and physical cards with spend controls that can be connected to existing business bank accounts and category restrictions.