The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Fintech<br />
UAE Fintech and e-Commerce Platforms<br />
Founded by Successful Women<br />
<strong>The</strong> UAE has been witnessing a boom in the fintech and e-commerce industries, and women<br />
entrepreneurs are playing an increasingly important role in this expansion. Women-led fintech<br />
and e-commerce platforms are disrupting the traditional business landscape in the country,<br />
providing innovative solutions to cater to the specific needs. In this article, we will delve into<br />
four of the successful women-led fintech and e-commerce platforms in the UAE, their impact<br />
on the industry, and the changes they made in this highly competitive market.<br />
Souqalmal<br />
Ambareen Musa,<br />
Founder of Souqalmal<br />
Ambareen Musa founded Souqalmal,<br />
a financial comparison website<br />
launched in 2012, and has been<br />
changing the way people in<br />
the United Arab Emirates and Saudi<br />
Arabia manage their finances. Through<br />
Souqalmal, users can access information<br />
on over 3,200 financial products and<br />
services, including loans, insurance,<br />
and accounts management.<br />
<strong>The</strong> platform is an excellent resource<br />
for people who want to better understand<br />
their finances and make informed<br />
decisions and improve their financial<br />
literacy. Souqalmal has attracted<br />
investments from some of the most<br />
prominent players in the financial industry,<br />
including GoCompare, Hummingbird,<br />
VentureSouq, U.A.E. Exchange, NNS<br />
Capital, and the Riyad Taqnia Fund.<br />
<strong>The</strong>se investments have helped the<br />
company raise an impressive $15.2M<br />
in funding.<br />
In <strong>March</strong> 2022, Souqalmal reached<br />
another milestone when SHUAA Capital<br />
acquired a major stake in the company.<br />
This acquisition was a testament to<br />
the success of the platform and the<br />
vision of its founder. By providing<br />
access to financial information, Musa<br />
is empowering people to take control<br />
of their finances and make informed<br />
decisions. This is especially crucial in<br />
the current economic climate, where<br />
financial stability is more important<br />
than ever.<br />
Sarwa<br />
Nadine Mezher is a pioneer<br />
in the financial industry. As<br />
the co-founder of Sarwa, a<br />
leading financial advisory<br />
platform, she is changing the way<br />
people invest and manage their finances.<br />
Together with Mark Chahwan and Jad<br />
Sayegh, Mezher established Sarwa in<br />
2017, and it now serves a huge number<br />
of users. <strong>The</strong> company’s revolutionary<br />
approach to financial advisory has<br />
quickly become popular, with clients<br />
benefiting from the platform’s easyto-use<br />
interface and comprehensive<br />
investment options.<br />
Sarwa Trade, the zero-commission,<br />
zero-transfer fee trade podium,<br />
launched in <strong>March</strong> 2021, marked<br />
yet another step in the company’s<br />
development, providing users with<br />
a streamlined approach to trading,<br />
making it more accessible for people<br />
looking to enter the investment arena.<br />
With such impressive growth, it comes<br />
as no surprise that Sarwa has attracted<br />
significant investment from some of<br />
the biggest players in the industry.<br />
In 2021, the company raised $15M in<br />
funding from Mubadala Investment<br />
Company, Hambro Perks Oryx Fund,<br />
HALA Ventures, and Middle East<br />
Venture Partners, bringing the total<br />
funding raised to $25M.<br />
<strong>The</strong>se investments have helped Sarwa<br />
expand its offering, making it even<br />
easier for people to invest and manage<br />
their finances. KIPCO and Californiabased<br />
500 Startups are among the<br />
many investors who have recognized<br />
the potential of Sarwa and supported<br />
Nadine Mezher,<br />
Co-Founder of Sarwa<br />
its vision. By leveraging innovative<br />
technology, the company is making<br />
investment accessible and affordable<br />
to everyone. <strong>The</strong> platform provides<br />
personalized recommendations that<br />
cater to individual needs, taking the<br />
complexity out of investing and making<br />
it an enjoyable and fruitful experience<br />
for users.<br />
18 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>