Global fintech CoorB launches operations in Egypt, Saudi Arabia, UAE

Ahram Online , Sunday 21 Jan 2024

Dubai-based global fintech company CoorB announced the launch of its operations in Egypt, Saudi Arabia, and the UAE, according to a statement on Sunday.

CoorB s staff.
CoorB s staff. Company s website.


CoorB aims to assist these countries in rapidly digitizing their economies and enhancing the digital presence of banks and financial institutions.

 “We are striving to develop sustainable and advanced technology in the Middle East that contributes to economic growth and development throughout the region,” CoorB Chairperson Carole Alsharabati said.

“We seek to overcome the limitations of legacy systems and leverage modern technologies such as artificial intelligence (AI) and machine learning (ML) to provide clients with solutions and services that compete with the world’s leading technology providers,” said the CEO of CoorB Ahmed Gaber.

CoorB has over 40 years of experience in the technology and digital financial services sectors across more than 10 markets around the globe through 500 specialized experts.

A recent report by FINTECH Global revealed that fintech investments in Egypt reached $259 million in 2022, a 12.6 percent increase over the previous year.

The financial inclusion rate in Egypt increased by 5.4 percent to 67.3 percent during the first six months of 2023, according to a report by the Central Bank of Egypt (CBE).

Egypt had invested EGP 50 billion in digital transformation projects until October 2022, said Minister of​ Telecommunications and Information Technology Amr Talaat. 

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