News

BitOasis Secures $30 Million In Funding To Accelerate Growth

BitOasis currently allows its users to buy and sell more than 20 cryptocurrencies, including Bitcoin, Ethereum, and Ripple.

Published

5 years ago

October 14, 2021

David Morelo

bitoasis secures $30 million in funding to accelerate growth

BitOasis, the largest cryptocurrency platform in the MENA region, has successfully raised $30 million in a Series B round to accelerate its growth while ensuring high standards of regulatory compliance.

The platform was founded in 2015 by Ola Doudin, and it’s headquartered in the United Arab Emirates. Thanks to its founder’s visionary ability to predict the increasingly important role cryptocurrencies are playing in the world, it had been perfectly positioned to take advantage of the cryptocurrency boom.

The funding round was co-led by Chicago-based VC firm Jump Capital, along with Wamda, the largest growth stage fund in the MENA region. Other investors that joined in include Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group, and NXMH.

“The company perfectly embodies the elements we seek when investing in international crypto exchanges,” says Peter Johnson, a partner leading Jump Capital’s crypto strategy. “An exceptional team that deeply understands the market, a focus on regulatory compliance, and an ability to build a leading consumer brand”.

According to the official funding announcement, BitOasis wants to solidify its presence and refine its product offering in the countries the cryptocurrency platform already operates in while also expanding to nearby countries. BitOasis is also building strategic partnerships with the public sector to raise awareness around crypto safety, one of the biggest roadblocks to its wider adoption.

Also Read: A Beginner’s Guide To Getting Started With NFTs

“Our latest investment round serves as a vote of confidence in the BitOasis growth story,” commented Ola Doudin. “It further speaks to the state of interest in the MENA region’s growing crypto ecosystem, with global investors and venture capital heavyweights backing the region’s home-grown businesses”.

BitOasis currently allows its users to buy and sell more than 20 cryptocurrencies, including Bitcoin, Ethereum, and Ripple, with UAE Dirham (AED) and Saudi Riyal (SAR). To start trading, all that users have to do is sign up, verify their identity, and securely deposit funds through one of the supported options.

News

Samsung And Spotify Offer Free Premium Deal In MENA

Nearly seven in ten streams in the region come from 18-to-34-year-olds — the audience Samsung is hoping to entice into its ecosystem.

Published

6 days ago

August 7, 2026

Nour Nasir

Samsung

Samsung has announced a partnership with Spotify spanning the Middle East, North Africa, and Türkiye, bundling Spotify Premium with select devices across its ecosystem. The headline offer — up to four months of Premium for free — is a first for the region.

Customers in Saudi Arabia, the UAE, and Türkiye who buy any OLED or 98-inch television, or any Galaxy S or Z series mobile device, get four months of Spotify Premium. The offer, tiered by market and device, is available at retail and on Samsung.com, and redeemed through the Samsung Promotion and Samsung Members apps.

For Samsung, the strategy is less about free music than about lock-in. The Korean tech giant’s pitch is continuity: a track starts on a Galaxy smartphone through Galaxy Buds on the commute, moves to a Samsung TV and soundbar in the living room, and stays controllable from a Galaxy Watch. The more seamlessly music travels between those devices, the harder it becomes to swap any one of them for a rival’s.

“Technology should bring people closer to the things they love, and few things connect people the way music does,” said Omar Saheb, Regional VP of Marketing and Online Business at Samsung Electronics MENA. The partnership, he added, gives customers “a genuine reason to choose Samsung for the experience, not only the product”.

Also Read: Shokz OpenFit Pro Review: Open-Ear Audio Finally Grows Up

For subscribers, Premium brings the usual package: ad-free listening, offline downloads, richer audio quality on Galaxy Buds and Samsung sound devices, and Jam, which lets friends build a shared queue.

“At Spotify, we are always working to make every listening moment feel more personal, meaningful, and worth it,” said Rami Jamal, Head of Partnerships at Spotify for South Asia, Middle East, and Africa.

The demographics go a long way to explaining the strategy. Across MENA, Türkiye, and Pakistan, nearly seven in ten Spotify streams come from listeners aged 18 to 34, according to the company — precisely the audience Samsung wants inside its hardware ecosystem before buying habits harden.