Dubai-headquartered Marshal, established in 1981, is the most important and oldest enabler of cost know-how within the Center East
Bahrain-based GFH Monetary Group (GFH) on Tuesday introduced the acquisition of a 70 % stake in Marshal, a pan-MENA Fintech firm.
The acquisition was made via its funding banking arm, GFH Capital.
Dubai-headquartered Marshal, established in 1981, is the most important and oldest enabler of cost know-how within the Center East.
It serves 16 international locations and holds an 85 % plus market share within the UAE and a majority share throughout different regional markets during which it operates.
Marshal’s shoppers embody the area’s largest cost gateways and monetary establishments together with Community Worldwide, Nationwide Financial institution of Abu Dhabi, Mashreq Financial institution, CrediMax and Nationwide Financial institution of Bahrain.
Hisham Alrayes, CEO of GFH, mentioned: “We’re happy to announce GFH’s acquisition of a 70 % stake in Marshal, which is really the main FinTech pioneer and innovator for cost applied sciences within the MENA area.
“This transaction additionally marks GFH’s second main know-how funding, an space the place we’re persevering with to focus and strategically portfolio in. Marshal’s lengthy standing monitor report, its constantly constructive monetary efficiency and powerful management crew make this a really distinctive and compelling proposition and we sit up for working collectively to allow the corporate to additional speed up its development and already dominant market place via the event and supply of subsequent era cost applied sciences.”
Anil Dhar, founder and chairman of Marshal, added: “With this necessary milestone, we’re excited to work with GFH to take the corporate to the subsequent stage and maximise constructive market dynamics. Our focus collectively shall be on the unlocking of latest alternatives, growth in our present territories and the continued and vigorous pursuit of even larger innovation to proceed propelling us and our prospects ahead when it comes to effectivity and the flexibility to extra successfully seize and meet the huge market and client demand for state-of-the-art FinTech merchandise and cost options.”
Gaurav Dhar, a know-how entrepreneur and international FinTech investor will proceed to function CEO of the corporate.
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