Fintech Galaxy raises $2m in seed funding

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.”