Fintech Galaxy, a UAE-based open innovation platform, has raised $2 million in seed funding to develop and roll out its Open Finance platform.
The seed round was led by Jordan’s Ahli Fintech and joined by Raz Holding Group, OMQ Investments, Egypt’s EFG EV Fintech and INSEAD Saudi Angel Investors.
The firm said it is building an Open Finance platform that aims to redesign financial services with an open API infrastructure, which provides integration between fintechs and institutions.
The platform will provide access to customer data from partner banks through its Open Banking APIs, while allowing developers to build new apps and services, it added.
Mirna Sleiman, Founder & CEO, Fintech Galaxy, said: “Our main goal is to democratize financial services by building a stable and secure infrastructure and enabling smooth and standard integration between financial institutions and solutions providers.”
Fintech Galaxy raises $2m in seed funding
- The seed round was led by Jordan’s Ahli Fintech and joined by Raz Holding Group, OMQ Investments.
- The Open Finance platform aims to redesign financial services with an open API infrastructure.
Today's Headlines
By signing up you agree to our Terms of Use and Privacy Policy
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.
The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…
Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m Bahrain…
PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size