Do you want to know about the best finance startups in the UAE? If yes, this article is for you. Check this post to read the details of each startup!
Best finance startups in the UAE
Financial startups, including Fintech companies, are growing throughout the World. A report published by the IBS intelligence shows that the United Arab Emirate is home to the Middle East’s 50% of finance companies, including fintech startups. Today’s article will discuss the best finance startups and their services in the UAE. Read on!
IC Markets has quickly gained popularity in the Middle East. It is a finance and fintech company that offers the best online retail trading platform. People can trade currencies, commodities, stocks, bonds, futures, and digital assets.
In addition, IC Markets provides its clients and members with advanced trading platforms that ensure the highest liquidity and low latency connectivity. The company has a team of professionals with experience in CFD, Forex, and Equity Markets.
Ziina is a UAE-based financial startup that offers technology services for individuals and businesses to perform P2P payments. Ziina has recently introduced a cutting-edge smartphone application with banking-grade security protocols, including data protection with end-to-end encryption methods.
Ziina provides a digital solution to streamline your financial payments between families, friends, and businesses. It prevents you from carrying cash and reduces the risk of theft. The application is available on Android and iOS platforms, allowing UAE residents to optimize their finances.
Tabby is another fintech startup in the UAE. Located in Dubai, Tabby offers its clients flexible online and offline payment platforms. Although the company was founded in 2019, it has quickly gained popularity throughout the Middle East.
It offers services to retailers, allowing them to leverage in-store and online payment processing. More than 500 merchants in the UAE use Tabby’s financial services, including the brands like Toys R US, Ace Hardware, IKEA, and AI Futtaim Group.
Mamo Pay is another financial startup founded in 2019. It is a Dubai-based company that offers P2P payment platforms via cutting-edge apps. The financial startup also provides fintech services to make funds transfers and payments easier using email addresses and phone numbers.
The purpose is to streamline the conventional process and data for banks and other financial institutions. The startup has raised more than $1.5 million from GFC with participation from Venture Souq, Dubai Angel Investors, and MSA Capital.
QPS stands for Que Processing Services, a startup that offers the most innovative card issuing and processor applications or platforms in the UAE. The company has become the pioneer of cutting-edge technology and innovation in the business world, enabling companies to leverage its financial services.
QPS has partnered with world financial leaders, including Trend Micro, Sify, Mastercard, Thales, Rupay, VISA, and other companies. In addition, it provides top-notch delivery services through Open API CMS systems.
Financial companies make the UAE industry’s economic system efficient, reliable, and fast. According to Investment Monitor, the monetary or fintech market in the UAE will reach a whopping $2.5 billion by the end of 2022. Until Next Time!
- Article based on personal opinion, experience and research.
- Photos from Unsplash & canva.