UnaFinancial companions with Velexa to launch funding platform in UAE

UnaFinancial has partnered with wealthtech supplier Velexa to launch a digital investing platform within the UAE.

It mentioned that the partnership will leverage Velexa’s experience in funding know-how and its personal expertise within the monetary companies business to create user-friendly and accessible funding alternatives.

UnaFinancial lately rebranded from Robocash Group and mentioned it was shifting its focus from various lending to a broader vary of monetary merchandise.

 “The UAE is ranked first amongst fintech centres worldwide when it comes to innovation, market measurement, and growth potential,” mentioned Natalia Ishchenko, chief government of UnaFinancial.

“It has a beneficial regulatory setting for startups and a excessive degree of digitalization with the smartphone and web penetration of 96 per cent and 99 per cent, respectively. “We’re proud to be a part of UAE digital growth and hope to contribute to the native fintech panorama. The technological answer supplied by Velexa completely aligns with our imaginative and prescient of the long run product.”

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The brand new platform will allow UnaFinancial’s clients to accumulate and commerce a number of asset courses like equities, foreign exchange, bonds, commodities and derivatives. Key functionalities embrace an API-based connection to trade venues, exterior brokers and monetary service suppliers, in addition to automated commerce execution.

“UnaFinancial has a daring imaginative and prescient, and we’re enthusiastic about this partnership,” mentioned Tamara Kostova, chief government of Velexa.

“We acknowledge the immense potential for development and innovation within the UAE’s dynamic monetary market. Collectively, we’ll reshape the way forward for the monetary companies business in UAE, making it extra accessible and user-friendly for individuals from all walks of life. Powered by Velexa, UnaFinancial’s shoppers will have the ability to seamlessly be part of the world of investing throughout totally different monetary property across the globe.”

UnaFinancial owns the European peer-to-peer lending platform Robo.money, which has confirmed that it’s going to not be altering its branding regardless of its father or mother firm’s rebrand.