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Tag: Strategic

  • Commercial Bank of Dubai (CBD) joins Dubai FinTech Summit as a Strategic Banking Partner | by BitMedia Buzz | Apr, 2024

    Commercial Bank of Dubai (CBD) joins Dubai FinTech Summit as a Strategic Banking Partner | by BitMedia Buzz | Apr, 2024

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    InsiderFinance Wire

    Our PR partner, yourPRstrategist, is a proud media partner of the Dubai FinTech Summit, and we are pleased to extend their 10% discount to our community. Discount code: YPRS10

    The collaboration reinforces Dubai FinTech Summit and CBD’s shared commitment to strengthen the global financial ecosystem through innovation and knowledge exchange. The partnership will open doors to new opportunities for growth and development of the fintech sector.

    Dubai, U.A.E., April 8, 2024 — Commercial Bank of Dubai (CBD), one of the UAE’s leading national banks, has joined the Dubai FinTech Summit (DFS), organised by Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, as a Strategic Banking Partner, underscoring its dedication to supporting innovative and future thinking businesses on a global scale. The partnership agreement was signed in the presence of Arif Amiri, Chief Executive Officer and DIFC Authority, and Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai, by Mohammad Alblooshi, Chief Executive Officer of DIFC Innovation Hub, and Ali Imran, Chief Operating Officer of Commercial Bank of Dubai.

    Commercial Bank of Dubai was the first bank to establish a Digital Lab at the DIFC Innovation Hub. Over the years, the bank has been playing a pivotal role in the development of a dynamic and technology-driven financial ecosystem, paving the way for a smarter, more connected financial future. Through strategic programs and initiatives such as the Buy Now, Pay Later (BNPL) solution by Postpay, CBD has been actively engaged in enhancing the overall payments sector aimed at accelerating the growth of the FinTech industry.

    “The Dubai FinTech Summit is creating a powerhouse of partnerships bringing together pioneers, thinkers and disruptors from around the globe who are shaping the future of finance. Our collaboration with Commercial Bank of Dubai is a testament to our shared dedication in cultivating an energetic and forward-thinking FinTech ecosystem. It not only amplifies Dubai’s stature as a premier hub for business but also paves the way for us to convert challenges into avenues of opportunity, as we continue to cultivate the most sophisticated, inclusive and tech-savvy financial community on the global stage,” said Arif Amiri, Chief Executive Officer at DIFC Authority

    Dr. Bernd van Linder, Chief Executive Officer at Commercial Bank of Dubai, said, “Commercial Bank of Dubai is thrilled to be a part of the Dubai FinTech Summit 2024, a global platform that brings together the brightest minds in the industry to shape the future of finance. Our participation in this event aligns with our commitment to innovation and our vision to be at the forefront of the FinTech revolution. As a forward-thinking bank, we place our customers at the heart of our business, constantly striving to provide them with innovative solutions that meet their evolving needs. We are proud to have signed an MoU as Strategic Banking Partner with Dubai International Finance Centre as part of our sponsorship partnership. We look forward to engaging in insightful discussions and exploring new opportunities for growth and collaboration.”

    In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

    The Dubai FinTech Summit, scheduled for May 6–7, 2024, at Madinat Jumeirah, Dubai, will see an unprecedented gathering of over 8,000 decision-makers, over 300 thought leaders and over 200 exhibitors showcasing cutting-edge technologies.

    Visitors can purchase tickets for the Dubai FinTech Summit 2024, with early bird prices ending soon.

    About Dubai FinTech Summit

    Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors, and policymakers, signaling increased appetite for growth opportunities in the region.

    Dubai FinTech Summit signals a new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2% CAGR to USD 949 billion from 2022 to 2030. The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.

    The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.

    To register for the event, visit www.dubaifintechsummit.com.

    For further enquiries, please contact:

    Samia Ahmad

    Assistant Manager, Marketing

    DIFC Innovation Hub

    +971529980096

    E: samia.ahmad@difc.ae

    Shadi Dawi

    Director of PR & Strategic Partnerships

    Trescon Global

    +971 55 498 4989

    shadi@tresconglobal.com

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  • FTX US Makes Strategic Investment in IEX Group

    FTX US Makes Strategic Investment in IEX Group

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    FTX US, a leading platform for the trading of digital assets, announced today that the company has entered into an agreement to make a strategic investment in IEX Group. Both companies are planning to establish a simple and transparent market structure for digital asset securities.

    The mentioned deal, which is subject to closing conditions and regulatory approvals, is expected to close next month. The partnership between the two companies will assist retail and institutional investors to access digital assets in an inclusive way.

    The latest investment news from FTX US came nearly 2 months after the digital asset trading platform raised $400 million in its Series A funding round. In addition, the company topped the valuation of $8 billion.

    Commenting on the recent investment in IEX, Sam Bankman-Fried, the CEO of FTX and FTX US, said: “Investing in IEX created a tremendous opportunity for FTX US. With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets. We will collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.”

    Crypto Assets

    Digital currencies have gained immense popularity among retail and institutional investors during the past few years. Brad Katsuyama, the CEO and Co-Founder of IEX, said that the crypto industry needs to engage with regulators to unlock its full potential.

    “From the first conversation with Sam, it was clear to me that FTX and IEX were truly aligned on the future potential for digital assets and the unique roles our firms could play as partners in shaping market structure that benefits the end investor. We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection,” Katsuyama said in the press release.

    FTX US, a leading platform for the trading of digital assets, announced today that the company has entered into an agreement to make a strategic investment in IEX Group. Both companies are planning to establish a simple and transparent market structure for digital asset securities.

    The mentioned deal, which is subject to closing conditions and regulatory approvals, is expected to close next month. The partnership between the two companies will assist retail and institutional investors to access digital assets in an inclusive way.

    The latest investment news from FTX US came nearly 2 months after the digital asset trading platform raised $400 million in its Series A funding round. In addition, the company topped the valuation of $8 billion.

    Commenting on the recent investment in IEX, Sam Bankman-Fried, the CEO of FTX and FTX US, said: “Investing in IEX created a tremendous opportunity for FTX US. With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets. We will collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.”

    Crypto Assets

    Digital currencies have gained immense popularity among retail and institutional investors during the past few years. Brad Katsuyama, the CEO and Co-Founder of IEX, said that the crypto industry needs to engage with regulators to unlock its full potential.

    “From the first conversation with Sam, it was clear to me that FTX and IEX were truly aligned on the future potential for digital assets and the unique roles our firms could play as partners in shaping market structure that benefits the end investor. We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection,” Katsuyama said in the press release.

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  • MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group | by Bit Media Buzz | Dec, 2021

    MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 2nd, 2021 — The world’s first inclusive and ethical DeFi ecosystem platform MRHB DeFi has received a strategic investment from Sinofy Group, a tech consulting management firm headquartered in Shanghai. Sinofy supports revolutionary tech companies to help them gain prominence in the world’s most digitally connected regions — China and Southeast Asia.

    A Partnership that goes beyond financial investment

    The investment includes a strategic partnership which sees MRHB DeFi join hands with Sinofy to fulfil the former’s vision of bringing an ethical, community-first focus to the world of decentralized finance. Sinofy Co-founder and angel investor Amirsan Roberto has taken the partnership a step further and joined the halal DeFi ecosystem startup as the Head of Investments and Partnerships.

    “Joining as Head of investments and Partnerships is a reflection of my commitment to and conviction in Marhaba’s vision,” explains Amirsan Roberto. “This is the first step we are taking in establishing our group venture fund and we are honored to have MRHB DeFi as our first institutional investment.”

    “We welcome Amir and Sinofy Group as part of the Marhaba family of partners and investors,” says Naquib Mohammed, CEO and founder of MRHB DeFi. “Since our early beginnings, Sinofy has actively supported our marketing efforts and aligning Marhaba with Sinofy’s deep regional expertise will bring us more visibility across Asia and beyond.”

    A Technical and Intellectual Collaboration

    Indeed the partnership will also see the parties collaborating on Sinofy East European Division’s upcoming We_Challenge 2021 Hackathon in Ukraine. With a gathering of 1,500 participants, 50 global media partners, 20 IT communities and 10 strategic partners, the hackathon is gearing up to be one of the most anticipated developer conventions in the region.

    MRHB DeFi will be coming on as an Official Sponsor at the event, with CTO Deniz Daikilic providing a keynote address as well as engaging in a panel discussion that includes CEO Naquib Mohammed and Head of Investments & Partnerships Amirsan Roberto.

    The Focus on Community and Ethics

    MRHB DeFi recently closed its Pre-Public Sale 2, an open, community-focussed offering to provide pre-IDO access and pricing to its loyal community members. The rousing success of the sale is further validation of the massive interest for DeFi services rooted in ethics and inclusion.

    MRHB DeFi was founded with a vision of providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptoverse. The project is underpinned by offering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.

    With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    Sinofy Group has now joined the host of strategic investors in MRHB DeFi who are on board to bring DeFi innovation to the Islamic finance industry. To date, investors include Sheesha Finance, Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Acreditus Partners, EMGS Group, MKD Capital and a grant from Polygon Technology.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About Sinofy Group

    Sinofy Group is an end-to-end tech consulting management firm headquartered in Shanghai, offering a range of services across blockchain, fintech, cybersecurity, robotics, medtech, gaming, AI/ML and AR/VR industries.

    The company deals with customized solutions built to “Sinofy, Fund, and Empower” tech companies in the world`s most digitally connected region — China and Southeast Asia. To date, they have worked with innovative tech brands seeking to expand their digital reach and penetrate into new markets. Their vast global network brings a world-class blend of expertise and support.



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  • MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm | by Bit Media Buzz | Oct, 2021

    MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm | by Bit Media Buzz | Oct, 2021

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    Mozaic focuses on investing in innovative tech companies seeking to re-invent their industry ecosystems — across emerging, growth and mature markets.

    London, United Kingdom — Oct 14th, 2021 — Community-focused DeFi platform MRHB DeFi has received a strategic investment from London-based investment platform Mozaic to support its transformative vision of bringing the value of the cryptoverse to financially excluded communities around the world. Mozaic is part of New World Group — a global diversified investment company with more than USD 2.5 Billion of group assets-under-management.

    The UK presents a key opportunity to nurture a financially inclusive cryptoverse and this investment is aimed at expanding the reach of MRHB DeFi beyond its core Asia and Middle East base to support the engagement of new UK users and communities who are seeking a more ethical and or faith-based approach to crypto market participation.

    “With a current market capitalisation of USD 2 trillion and growing — the crypto asset space represents an exciting growth opportunity for us and MRHB DeFi’s focus on ethical and inclusive finance resonates strongly with Mozaic’s investment thesis,” says New World Group Partner Sonny Gupta.

    “The strength and commitment of the MRHB team made them natural partners for our inaugural investment into the decentralised finance sector,” he adds.

    “Mozaic’s investment focus on robust and scalable technology businesses with a mindset of long-term value creation, made them natural partners for us as we build the world’s first ethical DeFi platform” says MRHB DeFi CEO Naquib Mohammed.

    “The UK represents a key strategic investor community for MRHB DeFi — and one which we hope to engage better with high quality institutional partners,” he also notes.

    MRHB DeFi was founded with a vision of providing greater access to excluded and cautious communities to the growing opportunities and utilities of the cryptoverse, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

    With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    The investment from Mozaic follows investments from Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and other institutional investors.

    About MRHB DeFi

    MRHB DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

    Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

    The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/mdf_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About New World Group & Mozaic

    New World Group is a global diversified investment company with offices in London and Kuala Lumpur. The firm builds, acquires, invests, and scales businesses focusing on long-term growth. New World Group adds value to its partners and portfolio companies through origination and execution to value realisation.

    New World Group and its businesses, including Mozaic, take a global perspective across sectors in which they act as investors, operators and business builders with offices and partners across the world’s most exciting, high growth markets. The company has made 15+ investments to-date and manages more than USD 2.5 billion across 25 countries.

    Learn more about New World Group by visiting its official website.



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  • Another Strategic Investment for MRHB DeFi from Acreditus Partners, Khalid Howlader Appointed Chairman of MRHB DeFi Governance Board | by Bit Media Buzz | Sep, 2021

    Another Strategic Investment for MRHB DeFi from Acreditus Partners, Khalid Howlader Appointed Chairman of MRHB DeFi Governance Board | by Bit Media Buzz | Sep, 2021

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    Bit Media Buzz

    Melbourne, Australia, Sep 8, 2021 — On the heels of the strategic investment received from UAE-based Sheesha Finance last week, the world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce yet another strategic investment — this time…

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  • MRHB DeFi and Sheesha Finance Announce Strategic Partnership to Bring Inclusion and Ethics to DeFi | by Bit Media Buzz | Sep, 2021

    MRHB DeFi and Sheesha Finance Announce Strategic Partnership to Bring Inclusion and Ethics to DeFi | by Bit Media Buzz | Sep, 2021

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    Melbourne, Australia, Sep 2, 2021 — The world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce a strategic partnership with Sheesha Finance, a leading tokenized DeFi mutual fund platform — оnе оf thе hottest рrоjесtѕ in the industry.

    A Strategic Alliance, A Shared Vision

    The partnership deal with UAE-based Sheesha Finance includes a strategic investment from the DeFi mutual fund to MRHB DeFi for an undisclosed amount. The partnership will also see both parties collaborate alongside mutually beneficial initiatives that align with and promote Islamic Finance business practices. In addition, MRHB DeFi stands to benefit from the premium network and connections of Sheesha Finance.

    As an early investor and supporter of MRHB DeFi, Sheesha Finance fully recognizes the vision, ambition and potential of the faith-based DeFi project, as well as its first-mover advantages in the DeFi space.

    “As a decentralized fund we’re always on the lookout for like-minded projects and ideas that are looking to advance ethical finance and decentralize finance more. We’re very excited to have partnered with Marhaba, a unique value proposition in DeFi, who are doing that, and a lot more,” says Sheesha Finance CEO, Saeed Al Darmaki.



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