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The state of subscription businesses in Mena

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The second quarter of this year showed that 91 per cent of real estate purchases in the UAE were made by first-time buyers, fuelling a rise in demand for home loans. Michael Hunter, co-founder of Holo, speaks about open banking and its impact on boosting the UAE property market.
The state of subscription businesses in Mena

Wamda's Research Lab and Microsoft for Startups partnered with SubsBase, a subscribers lifecycle management and billing platform for subscription-based businesses, to take a closer look at the state of subscription businesses across Mena from both the startup and consumer perspective. Here are some of the key findings in this report.
 
Despite the increasing trust in digital payment solutions in the UAE, the age-old saying 'cash is king' still rings true and is still holding an important amount of share in the economy because modest income workers are still struggling to participate in the economy. Anouar Bourakkadi Idrissi of Edenred UAE explains how a cashless society cannot happen without financial inclusion.
In case you missed it - here's our round-up from News Watch:

Urent raises pre-Series A investment
Capria invests in Global Ventures' second fund
Uber Egypt achieves 80 per cent recovery rate
Alpha Wave invests in India's DealShare
Progressive Generation raises pre-Series A investment for its kids-safe streaming platform
360VUZ raises bridge round investment
Calega Ventures invests in India-based Callify.ai
Sigma Fit raises fresh funds
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