News

DFSA sees first graduate from sandbox

Robo-advisorRobo-advisor firm Sarwa has become the first graduate from the Dubai Financial Services Authority’s (DFSA) regulatory sandbox. The startup, which launched its platform in February 2018, underwent 12 months of testing before being granted an innovation testing licence (ITL). The DFSA has been encouraging local startups to apply for these licences arguing that it offers a flexible environment to test new business models and innovative products and its chief executive Bryan Stirewalt said that “Sarwa’s progress is the first tangible demonstration that this goal can be achieved”. Sarwa’s graduation comes just weeks after it secured $1.3 million in its pre-series A round of financing. Investors included Abu Dhabi-based veture capital firms Shorooq Investments and Middle East Venture Partners as well Lebanon-based Saned Partners and the US venture fund 500 Startups. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.