Dubai: Lulu Exchange Holdings, a financial services company, has announced that it will invest $3.5 million (Dh12.8 million) in tech start-up Arkin Technologies Ltd. With plans to move nearly 30 per cent of its transactions on to the digital platform by 2020, Lulu Exchange Holdings plans to offer a holistic suite of financial products and services in their cloud-banking, constituting a digital revolution in the financial services space. Lulu Exchange plans to take Arkin’s expertise to offer everything from cloud banking, real-time remittances, bills payment and Prepaid MasterCard and Visa, tap payments, prepaid products, API banking and even chat applications to various markets in the region and worldwide.
Lulu Exchange to invest $3.5m in tech start-up Arkin
Financial services company aims to offer a suite of new digital solutions