The Weekly Wrap: all you need to know by Friday COB | December 8th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements. For Prime subscribers only.

The Big Story

Nuvei Corporation, a Canadian FinTech company, has partnered with Microsoft to deliver leading payment experiences for customers of its products, solutions, and services across many of its key markets.

Microsoft will start using Nuvei’s customizable and agile payments technology in the Middle East and the Africa region, while benefiting from Nuvei’s deep knowledge of local markets to optimize its payments for recurring billing and individual transactions across both its Office and Xbox product ranges.

Philip Fayer, Nuvei Chair and CEO said, “Enabling Microsoft to connect to its customers across a wide range of products is testament to our technology and dedication to world-class customer service. We’re excited to optimize payments for such a universal brand that is trusted and relied upon by so many people.”

Deals of the week

• Ashv Finance raises $10m in Series E funding led by Encourage Capital
• Rural-FinTech Navadhan secures $5m in Pre-Series A round
• Singapore-based InsurTech Igloo raises $36m in Pre-Series C round
• Conferma Pay & Mastercard partner to power virtual card payments
• Indonesia’s Bank and the UAE’s Central Bank to expand cooperation in several sectors
• Unlimit and UnionPay International form global issuing partnership
• Mangopay partners with Mondu for B2B BNPL
• LHV Bank launches personal savings products on Flagstone
• Emirates NBD & Microsoft team to fuel sustainability solutions
• Kiwibank integrates Apple Pay to facilitate customers payments
• finance partners with Marqeta for seamless card issuing

Be on the lookout for

Held between May 6th and 7th, 2024, at Madinat Jumeirah, Dubai, The Dubai FinTech Summit 2024 will set a global benchmark for how enterprises and governments approach financial innovation. It brings world-renowned thinkers, policymakers, and decision-makers to share and contribute to developing tools, regulations, and frameworks essential to shaping FinTech and Finance’s future.

The summit consolidates Dubai as a rising FinTech hub, encouraging startup innovation and investment under its visionary leadership.