Middle East

With significant investment from Western Union, STC will convert its subsidiary STC Pay into a digital bank, STC Bank, with capital of USD 670 million.

The World Economic Forum reported that around 80% of cyberattacks are related to passwords.

Started in 2019, Tabby offers interest-free BNPL services in the United Arab Emirates and Saudi Arabia.

The company’s apps include Simply Piano and Simply Guitar, with 10 million downloads worldwide and 1 million songs played every week since the start of the pandemic.

The company currently has 350 shipping partners and over 15,000 carriers using its platform.

WalkMe counts more than 30% of Fortune 500 companies as its clients.

Vianai develops “human-centered AI” that amplifies human judgment for more impactful decisions and results in business processes.

Flat6Labs Amman will invest in 12 to 16 startups every year and will run multiple cycles over a period of at least five years.