Dalil, a financial market in the Middle East and North Africa region, has achieved success in securing investments from HP Spring Studios, a venture builder for enterprises and economic development backed by the “Oasis” Fund of Funds of the Sovereign Fund of Bahrain and the global investment company Hambro. Birx and Flat6Labs UAE, a venture capital firm for startups and early-stage companies in the MENA region.
The guide focuses on helping people take charge of their finances and helping banks and financial institutions leverage data to acquire customers more effectively. By creating a seamless and connected financial journey, Dalil is revolutionizing the financial services landscape in the region, empowering both consumers and financial institutions alike to make informed decisions and achieve financial success.
The company’s vision, led by CEO – PK Shrivastava, Chief Operating Officer – Rida Shah, and Chief Commercial Officer – Dania Al-Shuwaikh, is to reduce the gap between consumers and financial institutions, with the aim of enhancing personal financial products in the region. Dalil team has high experience through their journey in building the largest open banking platform in the Middle East and North Africa (Tarabut Portal), in addition to the experience of CEO PK, as Dalil is considered the second startup company they have built in the region, and the fourth company in The field of financial technology. With these experiences, Dalil is expected to transform the customer acquisition process for financial institutions and empower consumers to make their own financial choices across the region.
The investment round will allow Dalil to launch significant financial partnerships, which are essential to the company’s growth strategy. Furthermore, the investment will support Daleel’s expansion initiatives in Saudi Arabia and the UAE, allowing the company to accelerate its growth and obtain an open banking license.
PK, CEO and Co-Founder of Dalil, expressed his excitement: “We are delighted to have received investment from trusted investors like HP Spring Studios and Flat6Labs. This investment is a testament to our potential and the belief that key industry players have in our vision. It will allow us to build “Great financial partnerships and obtaining an open banking license, which is essential to our growth strategy. I am very excited about these developments and look forward to Dalil’s next transformational journey.”
Zainab Khamis, Head of HP Spring Studios, expressed her enthusiasm for the impact Daleel is making: “We at HP Spring Studios are excited to support the launch of Daleel, the financial marketplace in the MENA region. This transformative step for the financial sector represents our commitment to empowering and promoting local startups.” “We firmly believe in Daleel’s innovative approach, which promises not only to empower consumers, but also to catalyze significant economic growth in the region. Our commitment to Daleel’s success symbolizes our dedication to fostering positive change and development in the region’s fintech scene in Bahrain.”
Rayan Sharif, General Manager of Flat6Labs UAE, supported the company: “At Flat6Labs, our dedication to investing in financial technology companies that are disrupting traditional patterns is unwavering. This latest investment is a testament to our belief in fostering innovation within the financial sector. By operating… A market that is deeply aware of consumers’ spending habits and the benefit of open banking, Guidance ensures that both financial institutions and consumers receive the best offerings in the market.”
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