Sunday, 21 Jul 2019 | 18 Dhul Qidah 1440
Lulu Exchange supports digital and innovation investment in tech startup

Lulu Exchange supports digital and innovation investment in tech startup

Through the collaboration, Lulu Exchange Holdings plans to provide a holistic suite of monetary goods and solutions in their cloud-banking, constituting a digital revolution in the monetary solutions space.

Lulu Exchange Holdings plans to take ARKIN’s knowledge to provide every little thing from cloud banking, genuine-time remittances, bills payment and Prepaid MasterCard and VISA, tap payments, prepaid goods, API banking and even chat applications to different markets in the area and worldwide. ARKIN’s platform is also armed with two-element authentication and 1 of the highest encryptions in the globe. 

“We are excited to announce this partnership with ARKIN Technologies LTD. We do not want to be seen as just investors putting in capital, but as partners with promising startups like ARKIN sharing our expertise and leveraging on mutual strengths to offer customers simple and smart digital financial solutions,” stated Adeeb Ahamed, managing director, Lulu Exchange Holdings. 

ARKIN is helmed by Ralph Santos, CEO, who is 1 of the pioneers in the FinTech market, possessing expertise in the field just before ‘fintech’ entered the corporate vernacular. Through his vast expertise across numerous industries in crucial positions, Ralph has identified groundbreaking and revolutionary startups that have effectively redefined the digital landscape and offered a platform for higher monetary inclusion.

He developed the extremely productive VMoney digital platform, providing an substantial finish-to-finish monetary answer for organizations and shoppers providing integratable on-line payments and funds disbursements for on-line and retail merchants, government institutions, healthcare organisations, educational facilities, and company enterprises.

“This is an exciting collaboration for us, and we are proud to partner with Lulu Exchange Holdings. With its focus on investments offering mutual strategic value, wide reach and unique solutions, Lulu Exchange Holdings is the right match for ARKIN and is a natural next step toward engaging and supporting the wider financial ecosystem,” stated Santos.

“The digital revolution is rapidly transforming the financial services world and we want to be actively involved in developing new technologies and be at the centre stage where innovation is taking place. We were looking at being based out of the APAC region, but with Abu Dhabi fast emerging as the next FinTech hub, we decided to base our headquarter out of Abu Dhabi Global Market,” added Santos.

ADGM lately announced the establishment of a FinTech Innovation Centre and FinTech Association which will assistance higher monetary innovation, cultivate FinTech talent, foster closer market collaboration and facilitate a lot more cross-border investment possibilities to bolster the improvement of monetary solutions.

“Lulu Exchange is honoured to work hand in hand with Abu Dhabi Global Market to raise the profile of FinTech community in Abu Dhabi. Within a short period of time, ADGM, under the able leadership of its Chairman H E Ahmed Ali al Sayegh and CEO of registration authority Dhaher bin Dhaher Almheiri, has transformed itself into a hub for innovation and technology along with attracting startups and talent from around the world,” added Ahamed. 

With plans to move almost 30 per cent of its transactions on to the digital platform by 2020, Lulu Exchange is committed to stay on the digital quickly track. Through this new partnership, the Abu Dhabi-primarily based businesses are on track for speedy development.

Information Source: Muscat Daily

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