Sarwa, which claims to be the Mena region’s first online investment platform aimed at young professionals, has tapped Danish fintech Saxo Bank to provide the technology to support its expansion plans.
According to Sarwa co-founder and chief executive, Mark Chahwan, the collaboration will involve the use of Saxo’s OpenAPI technology to add new asset classes to its offering and also provide more tailored products for its clients.
“We understood the need for a partner that could help us to scale the business in a seamless matter and enable us to provide more services and products for our clients as we expand into new markets,” said Chahwan.
Steve Weller, Saxon Bank’s Middle East chief executive added: “Our joint agreement is a great example of the power of collaboration when two companies bring together their strengths for mutual benefit.”
Weller also predicted that more partnerships between global fintechs and Mena-based financial services firms will occur as the adoption of digital services increases.
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