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BUSINESS

Shoraka DV's unit secures DIFC innovation licence

01/07/2022 08:05 PM

KUALA LUMPUR, July 1 (Bernama) -- Private equity group Shoraka Digital Ventures’ (Shoraka DV) subsidiary, Shoraka Suyula Platform (SSP) has secured an innovation licence from the Dubai International Financial Centre (DIFC).

The DIFC is a financial centre in the Middle East, Africa and Southeast Asia (MEASA) region and the innovation licence offers heavily discounted initial and ongoing fees, world-class co-working spaces at low costs, and an ecosystem of fellow technology firms, seed and angel investors, as well as access to leading venture capital firms in the region.

In a statement today, Shoraka DV managing director Johar Amat said being present in one of the most vibrant fintech hubs in the world would enable SSP with the opportunity to tap into the pool of global talents and the vast networking available at the DIFC Fintech Hive, which is the first and largest financial technology accelerator in the MEASA region.

“The innovation licence is a step in the right direction for SSP to build on its journey beyond the Southeast Asia region and it marks a major milestone for the global expansion plan,” he said. 

The statement said that the SSP is a secured digital marketplace for Re-Rahnu transactions and the platform enables Ar-Rahnu operators to better manage their liquidity requirements.

-- BERNAMA

 


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