TWIG Solutions Ltd, a fintech company based in Dubai, has received an innovation testing license from the Dubai Financial Services Authority (DFSA). This license will allow the company to test and develop its products and services within a controlled regulatory environment.
TWIG’s Rise Through Valuable Funding
Recently, the company received a financial grant from the DFSA for innovation testing and the development of its products and services within a regulated environment. TWIG is one of the first global financial centers in the Middle East, Africa, and South Asia.
Obtaining an innovation testing license is a major step for TWIG, and we are grateful to be part of the leading-edge DIFC ecosystem that is paving the way for the future of finance.Chafic Idriss, CEO of TWIG, commented
This funding aims to assist TWIG in its growth and expansion, fostering the financing and savings platform. “We are delighted to have the backing of these seasoned investors as we continue to grow and expand our operations,” Idriss added.
The CEO also added that due to this funding, users of the platform will have access to an even simpler savings solution than before, which should revolutionize this sector.
What is DFSA?
DFSA is the regulatory body in charge of overseeing the financial services of the DIFC that supervises financing in the Middle East, Africa, and South Asia. It regulates financial services, monitors financial markets, and oversees financial activities in the region. It is also responsible for granting licenses to financial services firms operating within or from the Dubai International Financial Centre (DIFC).
TWIG, the Company of Tomorrow
TWIG Solutions Ltd is a DIFC-based company, established in 2021, specializing in personal financing and tax saving for everyone. The platform has developed an application that enables better usage for its users. It provides access to bank accounts, facilitates goal planning tracking, and fosters its development growth.
TWIG is backed by regional family businesses such as Phoenician VC, MMK Capital, Soul Ventures, and renowned investors who have assisted the company since its inception.
Twig is a company specializing in personal financing. It offers bespoke loan solutions to help individuals achieve their personal projects, such as home renovations, car purchases, or education financing. With a simple and transparent process, Twig enables customers to secure quick and easy financing. The company distinguishes itself with its personalized approach and high flexibility in loan conditions offered. Whether it’s for short or long-term loans, Twig is a top choice for individuals seeking quick and easy financing for their personal projects.
Twig: The Future of Personal Finance in Dubai
With its innovative and customer-centric approach, Twig is well-positioned to be at the forefront of the future of personal finance services in Dubai. As more and more people seek to realize their personal dreams, customized financing solutions like those offered by Twig will become increasingly important. Moreover, with the rapid development of financial technology, Twig is also well-placed to leverage these trends and offer even quicker and more user-friendly financing solutions.
Twig is a company that has managed to seize an opportunity in a booming market and is ready to continue innovating and evolving to meet the needs of its clients in Dubai and beyond.