Payouts were led by Jordan’s Ahli Fintech, with Saudi Raz Holding Group, OMQ Investments, EFG EV Fintech Fintech, and INSEAD Saudi Angel Investors also contributing.
Fintech Galaxy plans to use its newly acquired funds to further bolster the development and rollout of its Open Finance platform, as it looks to expand its reach and boost financial inclusion across key Middle East and North Africa (MENA) markets.
Founded in 2018, 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.
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