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Middle East Open Banking outfit Tarabut Gateway raises $13m 23 February 2021 Middle Eastern Open Banking platform Tarabut Gateway has raised $13 million in what it claims is the largest fintech seed round in Mena history. Berlin-based Target Global led the round for Tarabut Gateway, which is also backed by Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
The funding comes on the heels of Bahrain-based Tarabut s recent expansion into the UAE. The company says it will use the new money to hire 40 people, add new products, and move into new markets.