Jay Ranjeet Bhatt

📈 PB Fintech Expands Through Acquisitions and Divestments. 🌐 Summary: PB Fintech, parent company of Policy bazaar, has received board approval for several strategic moves. This includes acquiring a stake in a UAE-based insurance broker and divesting stakes in subsidiaries. The company turned profitable in Q3 FY24 with a PAT of INR 37.2 Cr and saw a 43% YoY increase in operating revenues to INR 871 Cr. 🔑 Key Points: - Acquisition and Divestment: PB Fintech secured board approval to acquire a 100% stake in UAE-based Genesis Group and to divest stakes in Visit Health Private Limited and Visit Internet Services Private Limited. - Stake Acquisition in UAE: The acquisition of Genesis Group by PB Fintech's subsidiary aims to expand local offerings in the UAE market. - Expansion Plans: PB Fintech is on an expansion spree, as it announced plans to enter the payment aggregation business and received approval from IRDAI to upgrade its insurance license. - Financial Performance: The company reported a profitable Q3 FY24 with a PAT of INR 37.2 Cr, marking a significant improvement from the previous year's loss. Operating revenues surged by 43% YoY to INR 871 Cr. - Stock Performance: PB Fintech's stock has seen a substantial rise of over 110% in the past 12 months and 59.18% YTD, closing at INR 1265.65 on the BSE. 💡 Insights: - PB Fintech's strategic moves signify its aggressive growth strategy and focus on diversification within the fintech and insurance sectors. - The company's profitable performance and revenue growth underscore its strong position in the market and investor confidence. 📈 Conclusion: PB Fintech's recent board approvals reflect its commitment to expansion and diversification, aiming to capitalize on growth opportunities in the fintech and insurance industries. With a profitable quarter and robust revenue growth, the company is poised for continued success in the market. #PBFintech #Policybazaar #Insurance #Fintech #FinancialPerformance #Expansion #Acquisitions #Divestments #StockMarket #StartUpNews #BusinessNews #MicroShots 

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The number of registered crypto businesses in the UAE grew by 400 percent between 2020-2022 With the UAE becoming the global hub for DeFi and Web 3 innovation there’s never been a better time to learn more and get involved.

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UAE fintech Ziina زينة raises $22 million in Series A funding round led by Altos Ventures #uaefintech #fintechuae #fintech #fintechnews #finance #financialtechnology #technology #tech #technews #UAE #investinginfintech #investments #investors #investing #capitalraise #funding #capraise #VC #venturecapital

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What does the robust IPO environment in Dubai indicate about the global investment landscape and future of FinTech? Adena Friedman , Chair & CEO, Nasdaq , shares her insights only at the Dubai FinTech Summit 2024! #DFS2024 #DubaiFinTechSummit #FinTech #Finance #Dubai 

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FINTECH SCOOP: Ziina زينة banks $22M as growth explodes for the UAE-based fintech for small businesses 🔎 The funding round was led by Altos Ventures III L.P. 🔎 Ziina’s platform is into two segments: Ziina Personal for splitting bills among friends and Ziina Business for collecting payments. Follow the India FinTech Forum for news, events, and job updates. Faisal Toukan #Fintech #funding #bills #payments

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Introducing I Cap Financial Services: Your Partner in Financial Growth and Success! #ICapFinancial #FinancialServices #WealthManagement #InvestmentExperts #GrowYourWealth #FinancePros #FinancialSuccess #DubaiInvestors #SingaporeInvestors

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Download UAE's first private wealth super app with personalized guidance from a dedicated advisor. Vault is regulated by the ADGM Financial Services Regulatory Authority.

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List of Top 5 most profitable banks in UAE (Q1 2024)  - ranked by the net profit amount in USD. Please follow us for more updates weekly! GRIP Investments Talk Cents #Dubai #investing #finance #money #technology

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UAE Fintech Ecosystem Map This map provides a comprehensive overview of the FinTech ecosystem in the United Arab Emirates. It meticulously includes all active FinTech applications, startups, and online businesses, identifying their proprietors or stakeholders. Each entity is represented by its logo, facilitating an intuitive and graphical representation of the UAE's FinTech landscape. This tool serves as an indispensable resource for anyone interested in the intricate workings of the rapidly growing UAE FinTech industry, showcasing how these interconnected entities contribute to the nation's vibrant and innovative financial technology sector. ECM(UAE) ECM(UAE) If you're interested in obtaining a high-quality image or an Excel guide to the UAE FinTech Ecosystem Map, please don't hesitate to reach out. Simply send me a direct message or leave your email in the comments. We'll ensure you receive the materials promptly via email. #startups #fintech #uae #venturecaptial

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UAE Economy Booming: Takeaways for Advisors The Central Bank of the UAE forecasts 4.2% GDP growth in 2024, rising to 5.2% in 2025. Non-oil sector & business confidence driving expansion. #UAEconomy #Financialadvisor #InvestmentUAE #UAEbusinessopportunities #Wealthmanagement #Financialplanning

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UAE’s central bank assets surge, banking reserves reach AED1.273 trillion. UAE Central Bank's June bulletin shows 11% rise in net reserves to AED1.273 trillion by July, highlighting growth in banking reserves, with gold reserves up 23.5% year-on-year. https://lnkd.in/gvsiGB9i #uaebankingsector Central Bank of The UAE #netinternationalreserves #uaegoldreserves #uaefinancialtransfersystem #uaechequeclearances #uaecashdeposits #centralbankgold #bankingstatisticsuae #financialtransactions #abudhabieconomy #financialgrowth #interbanktransfers MENA Newswire

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🇦🇪 𝐖𝐡𝐲 𝐭𝐡𝐞 𝐔𝐀𝐄’𝐬 𝐂𝐫𝐲𝐩𝐭𝐨 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐌𝐚𝐭𝐭𝐞𝐫𝐬 𝐭𝐨 𝐘𝐨𝐮 With the highest rates of crypto ownership globally, the UAE is shaping the future of digital finance and becoming a powerhouse in crypto adoption. Here’s what this means for you: 🔹𝗙𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀: The UAE’s progressive stance on digital assets isn’t just regulatory—it’s also a vibrant market. With over 30% of residents reportedly owning crypto, you have access to a dense, enthusiastic user base ready for innovative solutions. This high concentration of potential customers allows you to quickly test, iterate, and scale crypto products within a supportive environment. Combine this with the UAE’s regulatory clarity from FSRA-ADGM & VARA, and you have a unique ecosystem that encourages cutting-edge projects and supports business growth. 🔹𝐅𝐨𝐫 𝐇𝐢𝐠𝐡-𝐍𝐞𝐭-𝐖𝐨𝐫𝐭𝐡 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐚𝐧𝐝 𝐇𝐞𝐝𝐠𝐞 𝐅𝐮𝐧𝐝𝐬: The UAE’s tax-free stance on crypto holdings makes it a powerful destination for wealth preservation and growth. With global crypto assets forecasted to exceed $5 trillion by 2025, you can take advantage of this rapidly growing market in an environment that favours capital efficiency. The UAE’s robust, economically stable environment is perfect for expanding your portfolio. 🔹𝐅𝐨𝐫 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Crypto transactions in the UAE real estate sector are gaining significant momentum, with multi-million dollar properties now commonly listed for crypto payments. The UAE real estate market saw over $600 million in crypto transactions in 2023, and this number is only set to rise as demand from international and domestic crypto holders increases. For you, this means new, fast-paced opportunities to leverage digital assets in property investments and the potential to streamline transactions with near-instant settlements and minimal fees, compared to traditional bank transfers. At Fuze, we’re here to help you seize these opportunities. With our embedded digital asset solutions, crypto otc for large volume trades and crypto payment solutions, you can navigate the UAE’s growing crypto ecosystem with confidence and agility.

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Neobanks are Disrupting the UAE Banking Landscape!! . . . . . . Gone are the days of long queues and limited digital options! The UAE is witnessing a surge in Neobanks and Challenger banks. Here's why you should pay attention: ** 21% of UAE adults** already use Neobanks and this number is rising. ** Lower Fees, Faster Transactions, and User-Friendly Apps** are just a few reasons for their popularity. ** Traditional Banks** need to adapt or risk losing young customers. Tayseer Innovations helps banks navigate this changing landscape. We offer solutions to: ️** Develop Innovative Digital Banking Experiences ** Integrate with Neobanks and Fintechs ** Stay Compliant in the Evolving Regulatory Environment The Future of Banking is Digital. Is Your Bank Ready? #neobanks #challengerbanks #uae #fintech #banking #TayseerInnovations #SeerSolutions #DigitalBanking #OnlineBanking #UAEFintech #GCCFintech

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