Digital Boom
  • Home
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
    • Social Media
  • Campaigns
  • Tech
  • Guides
  • More
    • Market Watch
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets
No Result
View All Result
  • Home
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
    • Social Media
  • Campaigns
  • Tech
  • Guides
  • More
    • Market Watch
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets
No Result
View All Result
Digital Boom
No Result
View All Result
Home News

Careem acquires Dubai-based fintech startup ‘Denarii’

by Dana Khammash
July 6, 2022 - Updated on April 2, 2025
Careem acquires Dubai-based fintech startup 'Denarii'

Careem has acquired the Dubai-based money transfer platform Denarii for an undisclosed amount, and some key members of the Denarii team will also be joining Careem, according to a press release.

Founded in 2019 by Jon Santillan and Walfrido Perez, Denarii’s proprietary money transfer technology uses a single API call to enable fintechs like Careem Pay to facilitate quick and affordable international money transfers. Denarii also helps businesses build secure profit centers by automating accounts payable and B2B payments.

Careem Pay will use Denarii’s money transfer technology to connect customers and Captains with remittance services provided by licensed providers. It also offers a digital wallet that stores real money for customers in the UAE and a peer-to-peer (P2P) transfer product that enables customers to send, request, and receive money using a phone number, personal QR code, or personal payment link.

Seamless access to international remittance services will round out Careem Pay’s payment offering for customers and Captains to address their everyday financial needs.

“We’re thrilled to acquire the assets of Denarii, a startup that is transforming the way people move money across the world. Denarii’s innovative API will accelerate our journey to offering simple and affordable international remittance services, adding to the wide variety of services already available through Careem Pay.” Mudassir Sheikha, CEO and co-founder of Careem commented.

Jon Edward Santillan, CEO and co-founder of Denarii, said: “Careem’s large network of customers, Captains and merchants, and a decade of payments processing experience will enable us to increase the impact of the money transfer technology we built through Denarii. Careem has done more than any regional startup to simplify and improve lives, and we’re excited to join the team to increase economic freedom for millions of people.”

Careem has a significant presence in countries connecting some of the most active remittance corridors in the world, such as the UAE, KSA, and Pakistan. Careem Pay simplifies payment experiences by making it easier for customers, Captains, and merchants to hold and transfer money, pay bills, and complete and accept payments on and beyond the super App.

Careem Super App in the UAE offers more than a dozen services, including ride-hailing, food and grocery delivery, micro-mobility, digital financial services, and partner services, including car rental, home cleaning, and PCR testing.

It is worth mentioning that Careem was established In March 2012 in Dubai and still operates in over 100 cities, covering 12 countries across the Middle East, Africa, and South Asia.

ShareTweetPin

Join Our Community

Dana Khammash

Dana Khammash

Based in Amman, Jordan, Dana Khammash is a culture and media writer at Digital Boom. She explores the evolving landscape of entertainment across the Arab world, with a focus on drama, streaming, and cultural trends. Known for her creative perspective and sharp editorial voice, Dana brings depth and nuance to stories that reflect the region’s changing media narrative. Her work bridges the worlds of pop culture and social context, offering readers a fresh lens on the stories shaping MENA's creative industries.

Related Stories

YouTube Tightens Monetization Rules on AI-Generated Content
News

YouTube Tightens Monetization Rules on AI-Generated Content

3 weeks ago
Amr Diab’s 2025 Album: Orange Sponsorship, Apple Music Comeback
News

Amr Diab’s 2025 Album: Orange Sponsorship, Apple Music Comeback

4 weeks ago
Germany Begins Government-Wide Exit from Microsoft Software
News

Germany Begins Government-Wide Exit from Microsoft Software

2 months ago
Builder.ai Ceases Operations After $1.3 Billion Valuation Collapse
News

Builder.ai Shuts Down After Layoffs and Investor Pullout

2 months ago
Jordan’s U.S. Foreign Aid: 2025 Budget Cuts and Their Regional Impact
News

Jordan’s U.S. Foreign Aid: 2025 Budget Cuts and Their Regional Impact

4 months ago
McDonald's Sees 70% Sales Drop in Egypt Amid Gaza Boycott
News

McDonald’s Sees 70% Sales Drop in Egypt Amid Gaza Boycott

2 years ago

Don't Miss

Google launches 'Search Status Dashboard' to track crawling, indexing, more

Google Launches Search Status Dashboard to Track Outages

December 15, 2022 - Updated on June 21, 2025
Financial collapse in Lebanon results in armed storms into four commercial banks, Banks strike

Lebanese financial crisis escalates, more violence, banks strike

October 5, 2022 - Updated on July 6, 2025
Egypt’s population hikes 104M, a child born every 19 seconds

Egypt’s population hikes to 104M, with a child born every 19 seconds

October 2, 2022
iPhone 14 Prices Across MENA 'UAE, Saudi Arabia, Jordan, Egypt'

iPhone 14 Prices Across MENA ‘UAE, Saudi Arabia, Jordan, Egypt’

September 26, 2022 - Updated on June 30, 2025
Instagram is developing nudity protection features

Instagram is developing nudity protection features

September 25, 2022
  • Digital Boom
  • About Us
  • Team
  • Partners
  • Submit an Article
  • Contact Us
  • Privacy Policy
  • Terms of Use

© 2025 Digital Boom, Inc.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
    • Social Media
  • Campaigns
  • Tech
  • Guides
  • More
    • Market Watch
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets

© 2025 Digital Boom, Inc.