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UAE Insurtech startup raises $5 million
UAE Insurtech startup, Hala, is built by Addenda Labs LTD, a privately owned tech startup based in ADGM, United Arab Emirates. According to Hala Website, given that Addenda Tech website is up for sale, their aim is to offer customers the simplest and mRead More »UAE Based Addenda utilizes Microsoft Blockchain Azure platform
In a recent customer story published by Microsoft, the company discussed UAE based Addenda, an insurtech startups utilizing blockchain to disrupt the motor insurance industry. Accoridng to Microsoft, the startup is taking advantage of blockchain technoRead More »UAE National Takaful Company first to use blockchain for motor claims
The National Takaful Company, Watania, earlier this month announced positive financial results for 2019, as the company’s net profit increased to AED13.1 million, compared to AED9.4 million in 2018. On announcing the results Dr. Ali Saeed bin HarmRead More »Addenda UAE, the Blockchain insurtech startup, closes six figure new funding
Addenda, the Middle East’s first insurance blockchain platform, has closed a six figure bridge round, by participating in AB Accelerator program powered by Arab Bank and funded through the venture capital fund AB Ventures. This marks theRead More »Two MENA Blockchain Startups in MIT Enterprise Forum Arab Startup Semifinalists list
The 12th edition of the MIT Enterprise Forum Arab Startup Competition will be held on March 29th in Beirut Lebanon. After receiving more than 4000 applications over a three month period, organizers recently announced the SemiFinalists list.The MIT CompRead More »