A fintech firm aiming to bring asset management and treasury services to small businesses in the Mena region has launched in Dubai.
SH Capital (SHC), a subsidiary of US-based Stanhope Financial Group, will act as an intermediary to SMEs looking to access cash investment products and advise on commercial paper, money market funds, futures, options, ETFs and FX hedging solutions.
In addition, SHC states that it will explore the use of digital and blockchain technology to deliver its services
Since then, SHC has secured US$3.5 million of funding and struck deals with a number of global counterparties, exchanges and e-trading platforms to provide liquidity in the equity, FX, fixed income and commodity markets for clients. Its formal launch is also designed to capitalise on the postponed Dubai Expo event which is seen as a flagship event for local businesses.
Khalid Talukder, managing director, SHC, said: “Many of these businesses struggle to gain access to efficient and high-quality digital asset management and investment products globally to support their treasury activities.
“We aim to provide a fully digital service offering via our platform allowing easy access to various cash asset management products, services and investment products that they need in order to thrive in an increasingly competitive global world,” he added.
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