Fintech

Most remittances sent by individuals in the UAE are made by migrant workers from South Asia.

UK-based Previse will expand its AI platform to reach suppliers across Europe and Asia.

The app also has a local service function.

The platform is already working with more than one thousand mosques, Islamic charitable institutions, boarding schools, and merchants.

KoinWorks secures Netherlands-based Triodos Bank as a new underwriter.

With the country near a standstill, P2P borrowers are rushing to avoid defaults.

The city’s monetary authority also announced a USD 125 million support package for the finance and fintech sectors.

Neat, a fintech startup from Hong Kong that provides financial services to small businesses, said it has raised USD 11 million in a Series A round.