Financing

Digital innovation is transforming the way we do business, making existing processes simpler, smarter and faster. Mastercard announced an upgrade to the back office experience for commercial cardholders by providing enhanced data for Amazon Business transactions. For many businesses, reconciling...

Al Rajhi Bank, Saudi Arabia’s second largest bank and the world’s largest Islamic bank, reported a growth rate of 8 percent during 2015- 2018, with 8.9 percent increase in operating income and a 27 percent expansion in the number...

Qupital, a Hong Kong-based online, small and medium enterprise (SME) trade finance technology company, has raised $15m in a Series A funding round led by CreditEase FinTech Investment Fund (CEFIF). Operating on a user-driven online platform, Qupital gives SME businesses...

Mastercard announced it has entered into an agreement to acquire Transfast, a global cross-border account-to-account money transfer network. Transfast will complement Mastercard’s wide range of payment solutions by increasing worldwide connectivity in the account-to-account space, enhancing compliance capabilities and offering...

Investing giants BlackRock and KKR signed a $4 billion agreement with Abu Dhabi's National Oil Company (ADNOC) to become the first institutional investors joining forces with a national oil producer in the Middle East. The deal represents a landmark partnership...

The EQT Mid Market Asia III fund has signed an agreement to acquire 10% primary shares in VBill Limited , a leading third-party payment service provider and merchant acquirer in China with a focus on small and medium-sized enterprises. The...

Bud, a UK-based fintech startup, has raised $20m investment from in a Series A funding round, led by HSBC, Goldman Sachs, Banco Sabadell, ANZ and Investec. Other investors, who took part in the Series A funding round, include 9Yards Capital...