Symbiotics Investment granted Money Fellows, an Egyptian fintech, a $2.25 million loan to digitize money circles and expand its operations locally.

With the new licensee, there are now six authorized companies offering consumer microfinance solutions in Saudi Arabia.

The move comes within the framework of the bank’s plans to achieve financial inclusion and boost the sector of micro-sized enterprises in Egypt.

Seedstars, the global tech and entrepreneurship catalyst, has called on global fintechs to help drive financial inclusion for women migrants and their families in Asia, MENA, and Sub-Saharan Africa.

The financial backing aims to enable the microfinance institution to support more SMEs in a context marked by economic challenges in Egypt. 

The agreement outlines the cooperation between Jordanian Hashemite Fund for Human Development and FINCA Jordan in financing productive initiatives, small businesses, and projects across the Kingdom through soft loans.

The world's first Iris-enabled payment platform and a leading provider of innovative Government digital services collaborate for more efficient, inclusive and trusted distribution social protection payments.

Newly launched direct-to-merchant acquiring service in Egypt aims to boost digital payment acceptance in the region.

Tunisie Leasing and Factoring has raised a $7.5 million green loan arranged by Symbiotics Investments to further expand its renewable energy and energy-efficient machinery and equipment offerings.

The World Bank approved financing of $450 million for advancing financial and digital inclusion to continue supporting the government in implementing reforms to improve financial inclusion, digital entrepreneurship and more in Morocco.