Latest news with #OmairAnsari
Zawya
20-05-2025
- Business
- Zawya
BCCD spotlights digital innovators as Dubai emerges as safe haven for start-up investors
Dubai, UAE: In the midst of global uncertainty, Dubai is emerging as a safe haven for innovators and start-up investors in the tech industry, according to experts at a recent business briefing hosted by the British Chamber of Commerce Dubai (BCCCD) at the DIFC Innovation Hub. Sharing their own experiences of establishing and scaling a start-up, UAE-based entrepreneurs, Khawar Mann OBE and Omair Ansari, joined in a panel discussion alongside funding experts and Youcef Oudjidane, to explore 'The Tech Shift: Transforming Finance, Credit, and Mobility Services'. CEO and Co-founder of Auxilium, an award-winning, tech-enabled employment and business expansion consultancy, Mann is at the forefront of promoting the region's position as a global mobility hotspot. Auxilium specialises in Employer of Record services, company formation, residency services, compliance, and market entry, to enable businesses to scale efficiently while navigating complex regulatory landscapes. Mann explained, 'The outstanding quality of life, economic prospects, long-term residency opportunities and ambitious national visions are attracting businesses to the region in volume. We combine regional knowledge and technology-driven solutions to meet the growing demand for seamless, support services to manage talent internationally.' Omair Ansari, CEO and Co-founder of ABHI, is another disruptor in the field, with his transformative embedded fintech business delivering financing and payroll solutions to provide employees with easy access to their earned salary at any time of the month. ABHI has gained recognition from Hub71 and Endeavor UAE and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. Explaining his motivation, Ansari said, 'We wanted to bring tech in to disrupt the market where it wouldn't be expected. Focussing on the credit side of financing in emerging markets, ABHI aims to be at the forefront of creating a revolution in this field.' As tech founders gravitate to the region, the funding landscape is also evolving rapidly, with the UAE being seen as a safe place to invest in new businesses against a backdrop of global disruption. Oudjidane, Managing Partner and Co-founder of venture capital firm, BYLD, said, 'Ten years ago, most UAE startups were funded locally. Today, they're increasingly attracting international capital - a testament to the ecosystem's global rise. Similarly, while startups in the region once focused primarily on local problems, many of today's founders in the UAE are building for global markets. The startup I co-founded, Elevate, is a good example of both: we have raised millions of dollars from US-based investors, generated all of our revenue from outside of the UAE, and yet chose to headquarter the company here simply because we want to live here." As more British businesses look to establish a foothold in the region, BCCD CEO, Katy Holmes, says the rapid acceleration of Dubai's tech sector holds a wealth of opportunity. 'Technology is one of the most promising and fast-moving sectors in Dubai today, and we see great potential for UK companies to contribute and thrive here.' she said, 'This was the Chamber's first BCCD Tech Business Briefing, following the launch of our dedicated BCCD Tech working group, which brings together leading voices and innovators from within our membership. We look forward to welcoming even more UK tech businesses into our network, enriching cross-market dialogue and creating new synergies within this dynamic and diverse sector.' The panel discussion, hosted by DIFC Innovation Hub, was part of the ongoing BCCD business briefing series, to keep members and guests up-to-date with the latest industry trends. About British Chamber of Commerce Dubai The British Chamber of Commerce Dubai (BCCD) supports British-owned, Dubai and RAK-based businesses and UK PLCs at every stage of their growth by providing a platform from which to market directly into the British business and expat community. Since its inception in 1987, the BCCD has built a credible voice in the region with over 1000 active business and individual members, an impressive reach across social media and digital platforms including its weekly e-newsletter, and a diverse, engaged audience in the UAE, the GCC and the UK. The BCCD provides a great exposure opportunity for brands looking to increase their local market recognition. Through a considered and strategic calendar of over 70 events per year, the BCCD ensures high-quality networking opportunities, market knowledge sharing, valuable engagement opportunities and exclusive experiences for its members. The BCCD has a strong working relationship with the British Embassy and the Department for Business and Trade and is an international member of the British Chambers of Commerce. LinkedIn:
Mid East Info
19-05-2025
- Business
- Mid East Info
BCCD spotlights digital innovators as Dubai emerges as safe haven for start-up investors - Middle East Business News and Information
Home-grown tech companies bringing new solutions to regional business challenges In the midst of global uncertainty, Dubai is emerging as a safe haven for innovators and start-up investors in the tech industry, according to experts at a recent business briefing hosted by the British Chamber of Commerce Dubai (BCCCD) at the DIFC Innovation Hub. Sharing their own experiences of establishing and scaling a start-up, UAE-based entrepreneurs, Khawar Mann OBE and Omair Ansari, joined in a panel discussion alongside funding experts and Youcef Oudjidane, to explore 'The Tech Shift: Transforming Finance, Credit, and Mobility Services'. CEO and Co-founder of Auxilium, an award-winning, tech-enabled employment and business expansion consultancy, Mann is at the forefront of promoting the region's position as a global mobility hotspot. Auxilium specialises in Employer of Record services, company formation, residency services, compliance, and market entry, to enable businesses to scale efficiently while navigating complex regulatory landscapes. Mann explained, 'The outstanding quality of life, economic prospects, long-term residency opportunities and ambitious national visions are attracting businesses to the region in volume. We combine regional knowledge and technology-driven solutions to meet the growing demand for seamless, support services to manage talent internationally.' Omair Ansari, CEO and Co-founder of ABHI, is another disruptor in the field, with his transformative embedded fintech business delivering financing and payroll solutions to provide employees with easy access to their earned salary at any time of the month. ABHI has gained recognition from Hub71 and Endeavor UAE and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. Explaining his motivation, Ansari said, 'We wanted to bring tech in to disrupt the market where it wouldn't be expected. Focussing on the credit side of financing in emerging markets, ABHI aims to be at the forefront of creating a revolution in this field.' As tech founders gravitate to the region, the funding landscape is also evolving rapidly, with the UAE being viewed as a safe haven for investing in new businesses against a backdrop of global disruption. Oudjidane, Managing Partner and Co-founder of venture capital firm, BYLD, said, 'Ten years ago, most UAE startups were funded locally. Today, they're increasingly attracting international capital – a testament to the ecosystem's global rise. Similarly, while startups in the region once focused primarily on local problems, many of today's founders in the UAE are building for global markets. The startup I co-founded, Elevate, is a good example of both: we have raised millions of dollars from US-based investors, generated all of our revenue from outside of the UAE, and yet chose to headquarter the company here simply because we want to live here.' As more British businesses look to establish a foothold in the region, BCCD CEO, Katy Holmes, says the rapid acceleration of Dubai's tech sector holds a wealth of opportunity. 'Technology is one of the most promising and fast-moving sectors in Dubai today, and we see great potential for UK companies to contribute and thrive here.' she said, 'This was the Chamber's first BCCD Tech Business Briefing, following the launch of our dedicated BCCD Tech working group, which brings together leading voices and innovators from within our membership. We look forward to welcoming even more UK tech businesses into our network, enriching cross-market dialogue and creating new synergies within this dynamic and diverse sector.' The panel discussion, hosted by DIFC Innovation Hub, was part of the ongoing BCCD business briefing series, to keep members and guests up-to-date with the latest industry trends.
Business Recorder
17-05-2025
- Business
- Business Recorder
ABHI partners with LuLu Financial Holdings
KARACHI: Pakistan's fintech ABHI, through its Middle East chapter, has partnered with LuLu Financial Holdings, a leading global financial services conglomerate, to enhance financial inclusion and improve access to timely remittance solutions. As part of the partnership, workers in the UAE will be able to access their earned wages instantly and remit funds to their families back home through LuLu Exchange without having to wait for payday. Through this initiative, workers in the UAE will benefit from Earned Wage Access (EWA) and Send Now, Pay Later (SNPL) services, giving them greater financial flexibility and control over their income. By offering instant access to earned wages and enabling timely remittances, the partnership addresses a key financial need among expatriate workers, empowering them to support their families with greater ease and security. Abhi, an embedded finance platform specializing in technology-driven solutions, will provide the operational framework for LuLuFin. This will enable customers to access their earned wages before their scheduled payday while also allowing employees to send money internationally instantly with the flexibility to defer payment. The service will be rolled out across all major corridors, with the launch for Pakistani customers scheduled for May. Commenting on this development Thampi Sudarsanan, Chief Executive Officer LuLu Exchange UAE, said that this partnership with ABHI represents a bold step toward redefining financial connectivity for global diasporas. By leveraging cutting-edge technology, we aim to create a seamless bridge for expatriates to support their families, setting the stage for a future where financial inclusivity knows no borders, he added. Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, said that the partnership with LuLu Financial Holdings marks a significant step-in enabling expatriates to access their hard-earned wages seamlessly and support their families back home without financial strain. By integrating ABHI's technology with Lulu's extensive market expertise, we are dedicated to promoting financial inclusion and providing underserved communities with greater flexibility and convenience in managing their finances, he added. This partnership underscores LuLuFin's commitment to enabling economic empowerment through innovative financial solutions. By joining hands with ABHI, a pioneer in digital financial services, the initiative will ensure that individuals and small businesses gain access to timely credit, which can be instrumental in fostering entrepreneurial growth and uplifting communities. Copyright Business Recorder, 2025
Finextra
15-05-2025
- Business
- Finextra
LuLu embeds with Abhi Middle East Limited
LuLu Financial Holdings, a leading global financial services conglomerate, has partnered with Abhi Middle East Limited to enhance financial inclusion and improve access to timely remittance solutions. 0 As part of the partnership, workers in the UAE will be able to access their earned wages instantly and remit funds to their families back home through LuLu Exchange — without having to wait for payday. Through this initiative, workers in the UAE will benefit from Earned Wage Access (EWA) and Send Now, Pay Later (SNPL) services, giving them greater financial flexibility and control over their income. By offering instant access to earned wages and enabling timely remittances, the partnership addresses a key financial need among expatriate workers, empowering them to support their families with greater ease and security. Abhi, an embedded finance platform specializing in technology-driven solutions, will provide the operational framework for LuLuFin. This will enable customers to access their earned wages before their scheduled payday while also allowing employees to send money internationally instantly with the flexibility to defer payment. The service will be rolled out across all major corridors, with the launch for Pakistani customers scheduled for May. Thampi Sudarsanan, Chief Executive Officer - LuLu Exchange UAE, said: 'This partnership with ABHI represents a bold step toward redefining financial connectivity for global diasporas. By leveraging cutting-edge technology, we aim to create a seamless bridge for expatriates to support their families, setting the stage for a future where financial inclusivity knows no borders.' Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, stated: 'The partnership with LuLu Financial Holdings marks a significant step in enabling expatriates to access their hard-earned wages seamlessly and support their families back home without financial strain. By integrating ABHI's technology with Lulu's extensive market expertise, we are dedicated to promoting financial inclusion and providing underserved communities with greater flexibility and convenience in managing their finances.' This partnership underscores LuLuFin's commitment to enabling economic empowerment through innovative financial solutions. By joining hands with ABHI, a pioneer in digital financial services, the initiative will ensure that individuals and small businesses gain access to timely credit, which can be instrumental in fostering entrepreneurial growth and uplifting communities.
