UAE FINTECH STARTUPS
Check out the Fintech UAE Startup report here
LENDING
Eureeca is the first global equity crowdfunding platform. It enables members of its investor network, who range from casual and angel investors to institutional firms, to buy shares in growth-oriented businesses while providing operational businesses with crucial access to capital.
Pi Slice is a web based social platform which represents a new channel of funding for Micro Finance Institutions. Its framework is a unique, connecting system that links individuals and companies – who wish to invest – with MENA based MFIs – which in turn use the funds to provide micro-credit to their customers.
Durise is a real estate company focused on real estate crowdfunding in the Middle East region. It allows investors to invest on their own terms with the desired time frame and returns. The company also enables individuals to group together online and invest in selected properties and developments, and earn passive income. It manages investments on behalf of the crowdfunders.
VentureFin is an equity and loan crowd-investing platform bridging the gap between investors and businesses.
Beehive is the UAE’s first online marketplace for peer- to-peer finance. Beehive directly connects creditworthy businesses looking for funding with investors looking to support their growth. Applying the innovative technology of peer to peer lending dramatically reduces the cost, complexity and long timelines often associated with conventional finance.
Channel VAS is the premium Fintech provider of Mobile Financial and Value Added Services for Mobile Operators, covering a wide range of offerings, from Digital and Mobile Financial Services to Advertising, Content and Marketing solutions, all through Big Data and cutting edge proprietary analytics tools.
InvoiceBazaar meaning “market of invoices” is an attempt to bridge the supplier-buyer relationship, by digitizing the transactions which are done manually in the real world. This digitization helps in providing finance to a supplier by actually taking buyer-risk.
COMPARISON PORTAL
MoneyCamel is a comprehensive personal finance website that guides you through banking and financial services in the UAE. MoneyCamel.com is also UAE’s leading property portal with more than 75,000 properties to choose for rental or sale. These include apartment, villas, offices and more.
MyMoneySouq is a website for people in the United Arab Emirates to learn more about the various financial products that are available for their advantage. The site was designed to help people understand the various types of financial solutions that are available and how they might work for anyone’s particular needs.
Souqalmal.com (Souq al Mal is Arabic for ‘money market’) is the #1 comparison website in the Middle East and lets you compare financial and insurance products before you say ‘I do’.
yallacompare.com is the leading finance comparison site in the Middle East, helping users to find and compare credit cards, personal loans, mortgages, car loans, insurance and bank accounts from a diverse range of local and international banks and financial institutions.
REMITTANCE
NOW Money uses mobile banking technology to bring accounts and remittance to the unbanked population of the Middle East. It provides a convenient and easy to use solution for those currently excluded from the financial system, bringing full access to the financial system, and significant savings on remittance.
Remitr was set up with a vision to provide seamless & cost effective cross-border payments. We aim to provide convenience to our customers. We set for ourselves very high standards in making remittances transparent, safe, secure & compliant.
WEALTH MANAGEMENT
Maliyya is a Shariah compliant Peer-2-Peer Ijara Investing & Financing platform designed to address unmet financial needs of Muslim businesses and consumer
Smart Crowd is an innovative real estate investment platform. Smart Crowd aims to be regions first financially regulated & Sharia-compliant platform to crowdfund real estate.
Money Nanny plans personal budget wisely and effortlessly by learning user`s financial behaviour patterns. It allows to take the most out of available finance assets.
Sarwa is the first hybrid automated investment management platform for young professionals in the Middle East. Sarwa aims to offer customers with a simple way to invest their money for long-term financial growth at one third the cost charged by banks and traditional advisors.
NewBridge Fintech Solutions is a DIFC based digital wealth solution provider to Private Banks and Wealth Managers in the MENA region. Partners include Canopy, Neuroprofiler and FundShop.
INSURTECH/HR
Bayzat is a technology company that provides insurance and HR solutions. They help individuals and companies compare, buy and use their health insurance. For clients looking for medical coverage, they allow them to save time and money by identifying their requirements and providing a transparent comparison of all the relevant options in the market.
Democrance connects large insurance providers with a variety of mobile operators to offer a vastly uninsured region access to basic insurance products via their mobile phone. This first mover for microinsurance in MENA thus eliminates the need for a bank account and offers all stakeholders a clear value proposition.
PAYMENTS/BANKING
Beam Wallet allows customers to link their credit card to its app for cashless shopping experience. The startup, which raised a significant investment from Majd al Futtaim in late 2014, had over 350,000 people using its mobile app at over 3,000 stores in the UAE as of mid 2016. Beam Wallet signed a partnership with telco provider du and MasterCard to extend its reach. 2012 Dubai Beam Wallet allows customers to link their credit card to its app for cashless shopping experience. The startup, which raised a significant investment from Majd al Futtaim in late 2014, had over 350,000 people using its mobile app at over 3,000 stores in the UAE as of mid 2016. Beam Wallet signed a partnership with telco provider du and MasterCard to extend its reach.
Bridg is an innovative smartphone payment platform that utilises bluetooth to dynamically shift and adjust to allow all types of smartphone users pay using there bluetooth enabled device. OneConnect allows a transaction to occur between two devices even if only one of them has a connection to the internet.
CASHU is a safe payment method designed for and customized to suit, serve, and support online shoppers in all Arabic speaking and surrounding countries. It provides secure, accessible, and easy to use payment solutions, giving everyone the possibility to buy online without discriminating on income, nationality, or banking contacts.
Cleary is a neo bank that aims to redefine banking in the various aspects – payments, savings, investments and borrowing.
PAYFORT makes online payments safe and secure for buyers and sellers in the Arab world, delivering a complete suite of payment solutions that cater to the needs of the region and are tailored to Arab online buying habits and trends.
Trriple provides fast, easy and secure payments. A convenient mobile wallet for consumer’s everyday payments and a faster and easier settlement for merchants.
Qlikcash is a new payment platform that allows the effortless sending and receiving of payments both locally and internationally.
Monami Tech transforms banks through digitally advanced financial solutions, including loan origination systems, cash management solutions, remittance processing systems and digital wallets.
SWIFTCH.COM
Swiftch aims to not just simplify payments and make it available everywhere easily but also to connect merchants and customers in a way that has never been done before in the payments industry.
SuperCharge.ae is an online mobile recharge platform that allows UAE residents to top up their Du and Etisalat phones quickly and conveniently, anytime of the day or night.
BLOCKCHAIN/CRYPTOCURRENCY
ArabianChain Technology is an open source, community-based project with the goal of building a decentralized, consensus- driven , peer to peer, open source, blockchain-based platform for distributed applications. ArabianChain tech will leverage and improve blockchain technology and build a full- featured application platform on top of it.
BitOasis is one of the region’s first cryptocurrency startups. The secure wallet is currently available in all GCC countries and allows people to purchase bitcoins. They can send this money around the globe without using a bank account, at the speed of an email. The multi- signature wallet security offers high security standards.
OTHERS
PREMONY
Premony is a Planning and Valuation as a Service Platform made to empower entrepreneurs all along their business lifecycle journey.Premony supports the equity investment ecosystems of startups and small & medium businesses.
Titanium Escrow is an automated escrow service that aims to increase trust in counterparties, stabilize the cash cycle for small businesses, and enhance welfare for small businesses and consumers. It is currently under development with ADGM’s Reglab Programme.
