BitOasis Funding Boosts Blockchain Prospects in the Middle East
BitOasis has secured additional funding to expand their presence beyond the United Arab Emirates. The round of financing received support from Digital Currency Group and various tech angel investors. BitOasis Funding is a Success. Most people will know BitOasis as a Bitcoin wallet and exchange service operating in the Middle East and North Africa. The....
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Dubai-based startup BitOasis has announced the launch of a new bitcoin buying platform. Aimed at consumers in the Middle East and North Africa (MENA) region, the platform was revealed at the TechCrunch Disrupt NY Startup Alley, a venue for early-stage companies taking place over the course of the three-day conference. Co-founder Ola Doudin explained that the goal of the service is to increase bitcoin liquidity in the Middle East as part of BitOasis' long-term strategy of serving what she characterized as the vital remittance corridors of the region. Doudin told CoinDesk: "The UAE....
Ola Doudin, a female Jordanian entrepreneur, has launched a bitcoin wallet and exchange, BitOasis, in Dubai, after having difficulty finding any place to buy bitcoin in the region, according to The National Business in the United Arab Emirates. BitOasis plans to be the first bitcoin company in the Middle Eastern and North Africa (MENA) region to be registered in a major technology center in the region, according to its website. The wallet service is available in the Middle East, North Africa and Asia. Users in Saudi Arabia, the UAE, Kuwait, Qatar and Bahrain can also use the exchange....
Dubai-based bitcoin startup BitOasis has announced its first round of seed funding, in a round led by venture capital firm Wamda Capital, an investor focused on startups in the MENA (Middle-East and North Africa) region. BitOasis, a bitcoin wallet and exchange service that caters to several Arab countries, has announced its first round of seed funding. Participating investors include prominent bitcoin- and blockchain-space investor Digital Currency Group (DCG), payments processor Payfort, Samih Toukan – a tech entrepreneur and other unnamed angel investors based in Dubai and New York. The....
Dubai-based startup BitOasis has expanded its bitcoin wallet and exchange service further across the Middle East. Attributing the expansion to Kuwait, Bahrain and Qatar to the growing demand for bitcoin in the Gulf region, co-founder Ola Doudin, told CoinDesk that users in those countries had requested the option to buy the digital currency on BitOasis' platform. Doudin, who claims the startup has close to 20,000 customers, added that future expansion plans included launches in Saudi Arabia and Egypt. The company is looking to move beyond its existing business model with additional....
Online payment service provider PayFort is among a number of participants to invest in a seed funding round for Dubai-based bitcoin startup BitOasis. Additional participants included MENA-focused venture capital firm Wamda Capital, early Internet entrepreneur Samih Toukan, serial industry investor Digital Currency Group and a group of unnamed angel investors. The total amount raised was not disclosed. With the announcement, BitOasis becomes the first bitcoin startup in the region to announce venture funding, which positions the firm at the forefront of a very nascent sector of the global....