Fintech Galaxy closes $2mln seed funding for first MENA Open Finance Platform
Summary
Commenting on the successful closing of the funding round, Mirna Sleiman, Founder & CEO, Fintech Galaxy, said: “Fintech Galaxy is driving the development of a much richer, broader financial technology ecosystem that goes well beyond banking to include insurance, asset management, exchanges, and pensions. Our vision is to provide not only the technology infrastructure but rather enabling the whole ecosystem to access data and payment channels via a unified API gateway; and supporting financial institutions in their compliance with international and local Open Banking frameworks. These numbers are only bound to grow as the MENA region’s broader fintech industry comes of age and transforms the future of its economy. Fintech Galaxy is an industry-leading financial technology company with offices in Dubai, Abu Dhabi and Saudi Arabia. The company was founded in 2018 with the aim to reimagine the future of inclusive financial services, create stable and secure interoperability channels between financial providers and end-consumers, bringing benefits to all the involved parties. The company’s Open Finance Platform aims to redesign financial services with an open API infrastructure that provides a standard integration between fintechs and institutions across all Arab markets.
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