FINABLR PLC (LON:FIN)

Industrial

Finablr plc is a UK-based global platform for payments solutions and foreign exchange solutions provided to customers and businesses, unpinned by modern and proprietary technology using an omni-channel proposition. Its solutions reduce efforts and cost, reduce challenges of payment and time-to-market. The company was founded in 1980 with its first UAE exchange branch in Abu Dhabi. It operates through its renowned brands that include UAE Exchange, Xpress money, Bayan Pay, Remit2India, Unimoni. The company has direct presence in 45 countries through its licensed operations complemented by a network reach spanning 170 countries.

The company operates through three business segments that include Cross-Border payment & consumer solutions, Consumer Foreign Exchange Solutions and B2B & Payment Technology Solutions. These segments are backed by a common integrated platform, which increases the efficiency and economies of scale, and it is unpinned by innovative technology and operating capabilities. The Cross-Border payment and consumer solutions offer the convenience and easily movement of money globally through its full-suite of cross payment solutions that allow serving the customer across digital and physical channels, diverse pay-in and pay-out modes. Further it provides solutions such as payroll processing, mobile wallets, digital gifting, bill payments and customer advances amongst others.

Consumer Foreign Exchange Solutions offers Customers facilitating secure and convenient transactions to the global travelers and digital nomads with a broad spectrum of foreign exchange solutions through ATMs, mobile applications, online portals, and stores. It offers purchase and sales of foreign currency, issuance of prepaid travel cards and value-added services.

The B2B and Payment Technology Solutions segment offers a combination of technology, licensing and distribution capabilities that help businesses to provide cross border payment, digital gifting, foreign exchange, stored value platforms and Acquiring services to serve their customers. These services helped the company to build strong relationships with retailers, banks, financial institute, technology companies and mobile wallet providers.

The company’s Finablr Ventures provide support such as capital, industry expertise and the ability to scale through seamless integration with its platforms and ecosystem partnerships to the innovative fintech startups. It invests in companies as the co-investor across the startups, early stage, growth stage and expansion stages. The company has strategically invested in Loyyal, which is provides blockchain-based loyalty solutions and Souqalmal, which is the first finance comparison website in Middle East.

Contact Information

company address 5th Floor, Tamour Tower, Building 12, Marina Square,  Abu Dhabi, PO Box 170, United Arab Emirates

company websitehttps://www.finablr.com/

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