Debt collection in emerging markets often feels outdated, and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are struggling to maintain pace. ClearGrid aims to help modernize debt collection — and recovery — with AI. The Dubai-based startup, which is emerging from stealth…
Category: Middle East
bnpl, buy now pay later, Emerging Tech, Fintech, Global Security News, Middle East, Tabby
Tabby doubles valuation to $3.3B in $160M funding as it looks beyond BNPL and plans IPO
Consumer demand for credit options varies across regions, and for fintechs, understanding these differences is key to survival. In developed markets, where credit cards are common, consumers often view buy now, pay later (BNPL) offerings positively because of their flexible installment options. But in emerging markets like the Middle East, where credit card penetration is…
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Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi
A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending. Khazna, a fintech startup founded in 2019, is tackling this issue by offering financial services tailored for low- and middle-income workers. The company provides solutions like salary advances, digital payments, and microloans to help…