Established in 2009, the Mohamed bin Zayed (MBZ) fund has supported projects for conservation of species and subspecies across 170 countries
A robo-advisory wealth management firm, Sarwa is witnessing exponential growth and in April had 4x times the influx of new clients experienced the same time last year. The new funding will allow the startup to scale and reach a bigger audience as well as expand to other markets in the region.
FlexxPay, a cloud-based B2B fintech employee benefits platform allows access to earned income. The startup enables users to access any sort of earned income (salaries, commissions, pensions, end of service benefits etc.) whenever they want to. We strongly believe that in a few years from now, everyone will have such access. We will no longer have to wait a month or two weeks (like in the US) for our salary or pension. You earned it, you can access it. This will have a very positive effect on the overall economy / GDP of a country. Money is put to work earlier, the money multiplier effect comes into play."
Trüschler addded: "Covid-19 forces companies (and society) to digitally transform. Many companies knew that they have to digitise their businesses and processes but were reluctant to invest or simply took too much time. These are the companies that suffer now. Cvid-19 is a sort of catalyst or accelerator forcing companies to take the necessary steps immediately to survive and grow in the current (new) reality."
Rise - the first fintech company in the Middle East launched with the mandate of empowering migrant workers - plans to use funding to speed up product roadmap, strengthening team and continue building and bringing new migrant financial services products to life. The startup has a partnership with home-shopping channels in Pakistan, which allows overseas Pakistanis to buy products for their families back home on installments - a global first.
Padmini Gupta, CEO of Go Rise, said: "We're reimagining migrant financial services, helping 250 million plus migrants who send home more than half a trillion dollars a year - be more in control of their money and build a better future. The DIFC is a great partner in building a global business which builds on one of the region's biggest strengths via migrants.
NOW Money provides payroll services to Gulf-based companies, and app-based accounts with physical debit card and remittance options for each of their lower-income workers. "We are delighted to welcome DIFC to the NOW Money family and look forward to sharing more on our partnership throughout 2020," said Ian Dillon, co-founder of NOW Money.
Checkout.com, the leading global payment solution provider and fintech unicorn, recently announced that it has tripled its valuation to $5.5 billion following a $150 million Series B funding round. The eight-year-old London-headquartered company already powers many of the world's leading enterprises, adding 500+ merchants to its books in the last twelve months including Grab, Revolut, Careem, Glovo, Robinhood, Farfetch, Klarna and Remitly.
Established in 2009, the Mohamed bin Zayed (MBZ) fund has supported projects for conservation of species and subspecies across 170 countries
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This covers traffic violations incurred until 2023
Friday's polling will be held for 88 of the total 543 seats in the lower house or Lok Sabha of Parliament with 160 million people eligible to vote
The bank’s liquidity profile remains strong as evidenced by an advances to stable resources ratio of 76% and an eligible liquid asset ratio of 16%, both comfortably above regulatory thresholds