(Bloomberg) -- Tiger Global Management led a fundraising round for Middle East fintech firm Tarabut Gateway, adding to its series of deals involving open-banking startups around the world in the past few months. Tiger has made several investments into open-banking startups recently, including Truelayer in the U.K., which achieved a $1 billion valuation in September, and Mono in Africa last month. In June, Visa Inc. agreed to buy Swedish open-banking platform Tink AB for 1.8 billion euros ($2.1 billion). Tarabut is the largest regulated open banking platform in the Middle East and North Africa, according to its website. It serves as a portal for fintech startups looking to get access to data from banks to build new services.

Source: The North Africa Journal November 02, 2021 17:49 UTC