FlapKap, the first tech-enabled revenue-based financing platform in the MENA region, revolutionising e-commerce growth, today announced the close of its $3.6M seed round.

Payable, a payments operations platform for businesses, has raised $6.1 million in a funding round led by CRV and Earlybird.

Founded by Checkout.com vets Daniel Yubi and Razvan Musca, Payable has built a platform that lets firms connect their banks and automate payments from initiation to reconciliation with a single API and dashboard.

11th Global Islamic Microfinance Forum (GIMF) will convene in Dubai – U.A.E on November 21 -22, 2022 under the theme of “Financial Inclusion, Outreach Strategies & Innovations” to explore and discuss innovative financial inclusion strategies that can create clear pathways to poverty alleviation. This Apex event is jointly organized by AlHuda CIBE FZ LLE, Islamic Microfinance Network, Pakistan Microfinance Network and Wings Media “The Alliance to Promote Islamic Finance and Microfinance globally”.

The cybersecurity sector is leading the way for M&A and fundraising activity in 2022, says tech-focused investment bank ICON Corporate Finance, with deal activity for Q1-Q3 up 60% compared to 2020 for M&A and +22% for fundraising.

Zumo, the UK-based wallet and crypto-as-a-service enterprise solution provider, has announced at Sibos 2022 that it has become the latest member of the World Economic Forum’s Crypto Sustainability Coalition.

Part of the wider Crypto Impact and Sustainability Accelerator, the newly formed coalition will explore how blockchain tools can be leveraged to contribute to meaningful progress toward positive climate action.

Axerve, Payment Partner to Grow and a specialist in creating accessible and frictionless payment solutions for E-commerce and physical sales, will be participating as a gold sponsor at the IRX @DTX+UCX event. Taking place at the ExCel on the 12^th and 13^th of October 2022, IRX (Internet Retailing Expo) is a benchmark Ecommerce event which will host a variety of key experts and industry-leading speakers and showcase the latest revolutionary technology within the E-commerce sector.

OCR Labs Global, a world leader in digital ID verification, has appointed Joshua Read as Chief Operating Officer, a key senior hire for its continued international expansion. Joshua joins with over 25 years of experience in leadership of operations, partnerships and sales in software, data and information and communications technology (ICT) organisations.

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), today announces that it has completed the acquisition of Spherics, a carbon accounting solution to help businesses easily understand and reduce their environmental impact. 

Temenos today announced that it is the first to market with a SaaS offering that enables banks to manage financial crime mitigation (FCM) with composable banking services on a secure, continually evolving, self-service platform.

Xpence - the MENAP regions first financial management platform with embedded business banking solutions for SMEs - announces the launch of its expense management solution in the UAE – the second of five strategic markets it plans to launch in over the next 18 months.