Blockchain
Fintactics Announces Its New Ventures Holoul and Leza’am; Signs MOU with Aion Digital and Bitfy Holdings at Trescon’s World Fintech Show
Riyadh, Saudi Arabia–(Newsfile Corp. – December 5, 2022) –
Figure 1: Fintactics announces its new ventures Holoul and Leza’am; Signs MOU with Aion Digital and Bitfy Holdings at Trescon’s World Fintech Show
World Fintech Show played host to the announcement and commencement of numerous partnerships. Here are some exclusive highlights of the event.
Launch of Fintactics Studio and VC Fund:
Fintactics Studio, the first dedicated Fintech venture builder in the region supported by a 150Mn SAR CMA authorized VC fund, will concentrate on supporting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the kingdom, MENA, and the rest of the world.
Fintactics Venture Builder has emerged out of Revival Lab and is launched under Arbah Capital.
Trescon hosted senior executives from the organizations:
- Saad AlMoammar, Chairman, Revival Lab
- Mohammed Al Maghlouth, Co-Founder and CEO, Revival Lab
- Haitham Al Sahafy, CEO, Fintactics
- Hisham Al Rashed, Board Member, Arbah Capital
- Mahmoud Koohaji, CEO, Arbah Capital
Partnership Agreement of Fintactics & Aion Digital
Success is contingent on having the ideal partnerships. Aion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations that are adaptable for financial institutions, is working with Fintactics as part of the builder’s mission to shape the financial landscape of the future. Both companies will be able to jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Abdulatif Al Rajhi, Chairman, Aion Digital
- Ashar Nazim, Founder and CEO, Aion Digital
Signing of Reg-Tech (Lezaam) JV agreement
Businesses today require a fully digital onboarding experience to lead customers through their onboarding process as business resilience requirements and consumer expectations have grown. RegTech-as-a-Service with all features and capability required for digital onboarding and eKYC from journey orchestration, compliance and AML screening, and digital forensics is what Leza’am, a new joint venture between Fintactics and Aion Digital, is offering. Retail and corporate customers for GCC and non-GCC nationals with add-on services for fraud and risk management.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Abdulatif Al Rajhi, Chairman, Aion Digital
- Ashar Nazim, Founder and CEO, Aion Digital
Partnership Agreement of Fintactics & Bitfy Holdings
To accelerate the adoption of Distributed Ledger Technologies in financial and non-financial verticals in the Kingdom, Fintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering “Blockchain as a Service” to offer tokenization of illiquid assets.
Through cooperation with the relevant regulatory bodies in the Kingdom, CMA & SAMA, Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Lucas Schoch, Founder and CEO Bitfy Holdings
Launch of Fintech (Holoul)
Utilizing the opportunity of being preset at World Fintech Show, the launch of the most recent Fintactics Venture, Holoul was announced.
In keeping with the Saudi residents’ Vision 2030, Holoul is a digital mortgage platform that focuses on facilitating and enhancing homeownership. In Saudi Arabia, the mortgage market is evolving quickly, and the results are very positive.
There is little doubt that numerous market dynamics and political encouragement from various bodies and ministries were the driving forces behind this. In addition, it’s a marketplace where customers can find a variety of luxury home products that suit their demands.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Basil Al Shamlan, Founder and CEO Holul Venture
About World Fintech Show
World Fintech Show is a thought-leadership-driven, business-focused event that deep dives into the latest challenges and technology trends in Saudi Arabia’s financial services sector.
World Fintech Show sets the standard for financial innovation in the Kingdom by connecting global fintech experts, technology innovators and startups with pre-qualified CFOs, CEOs, CTOs, Heads of Business Transformation, Chief Digital Officers, Heads of Innovation, government authorities, and fintech investors from Saudi Arabia.
The event features exciting keynotes, enterprise use-case presentations, product showcase, panel discussions and tech talks. Witness next-gen fintech solutions from global tech leaders and explore their relevance and impact on organizations.
Learn more: World Fintech Show
About Trescon
Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base.
With a deep understanding of the realities and requirements of the growth markets it operates in -– the company strives to deliver innovative and high-quality business platforms for its clients.
Learn more: Trescon
For further details about the announcement, please contact:
Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 95559 15156 | [email protected]
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
Blockchain
Bybit Web3 Launches World’s Largest GameFi Playground at Crypto Ark-ade as GameFi Market Size Surges to $20bn
Blockchain
Money Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
Global Money Transfer App Market
-
Blockchain Press Releases6 days ago
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
-
Blockchain Press Releases6 days ago
Canaan Upgraded Avalon Miner A15 Series with Superior Performance
-
Blockchain6 days ago
CertiK Co-Founder, Ronghui Gu, Delivers Keynote Speech at 2024 Singapore FinTech Festival
-
Blockchain Press Releases7 days ago
Palapa Tap Tap Hero Game, Indonesia’s First Telegram-Based GameFi
-
Blockchain6 days ago
Torram Unveils Groundbreaking Infrastructure Tailored to Usher in a New Era of Bitcoin DeFi
-
Blockchain3 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain4 days ago
Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases2 days ago
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments