twig
TWIG’s flagship product, the Automated Savings Platform, allows users to create customized savings plans and get real-time analytics on their savings habits. It also helps them set smart goals and provides automated, personalized notifications.
The growth of new technology and the development of innovative platforms have opened up new opportunities for financial service providers in the MENA region. TWIG is one such provider that is leading the way. The platform is designed to make it easier for consumers to save money, track their finances and make smart decisions about their funds. By offering an automated savings platform, TWIG helps increase financial literacy and financial well-being in the MENA region.
The startup also aims to expand its services and develop new financial products. It is currently working with banks and other financial institutions to create a number of innovative products and services. These include micro-savings and micro-investment products and services that will aim to help people save and invest money. TWIG is also working to create tools to help clients better manage their money and make more informed decisions about their finances.
TWIG raised a total of $1 million in 1 round. This was a Pre-Seed round held on May 1, 2023. TWIG is funded by three investors. Soul Ventures, MMK Capital and Phoenician VC. The company is ranked 215052 on Crunchbase.The company, founded in 2021 by Chafik Idriss, Karam El Dick and Ryan Antonios, is an automated savings platform that does not depend on a bank.
In conclusion, TWIG is a bank-independent, automated savings platform designed to help users save better and become more financially independent. It offers automated savings plans and budgeting tools, as well as a number of other financial products and services. The company is backed by three investors and is licensed by the Dubai Financial Services Authority. TWIG promotes financial literacy and financial well-being in the MENA region and aims to expand its services and develop more innovative products and services.
TWIG Solutions Ltd (“TWIG”), a financial technology startup based at Dubai International Financial Center (DIFC), the leading global financial center in the Middle East, Africa,UAE and South Asia (MEASA) region, has tested the innovation. License (ITL) from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services provided at or from the DIFC.
DIFC
The DIFC is an international financial free zone and operates independently of the rest of the UAE, boasting its own laws and regulations that meet global standards. It provides a level-playing field for both regional firms and international investors to access advanced capital markets products in a world-class regulatory environment. With multiple layers of investor protection within the world’s leading legal & regulatory frameworks, it has opened up opportunities for companies to expand their presence across borders without sacrificing efficiency or stability.
Companies are also offered first-class physical infrastructure in terms of office space, telecommunications systems and IT networks on par with developed countries, so customers can more quickly set up shop at this finance-friendly destination which offers many advantages like zero tax rate on all businesses based out here no matter what ownership structure they take; Shariah-compliant services such as Islamic banking & investment vehicles; special exemption from some local types taxes etc., making doing business easier than ever before!
May 15, 2023
TWIG is really interesting platform, wanna check more!