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gorise.co

Founded Year

2017

Stage

Series A | Alive

Total Raised

$1.4M

Last Raised

$1.4M | 2 yrs ago

About Kayan Labs

Rise is a wealth management platform for migrants, aspiring to create possibilities and improve lives.

Kayan Labs Headquarter Location

Jumeirah Lake Towers Office 2802

Dubai, 16949,

United Arab Emirates

+971554523285

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Expert Collections containing Kayan Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kayan Labs is included in 3 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,707 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Financial Wellness

245 items

Track startups and capture company information and workflow.

B

Banking

213 items

Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.

Latest Kayan Labs News

Fintech Investments: Dubai International Financial Center to Provide Funding to FlexxPay, Go Rise, Sarwa, NOW Money

Jun 11, 2020

The Dubai International Financial Centre (DIFC) , an organization that connects the MENA and Southeast Asia region’s markets with the economies of Europe, Asia, and the Americas, has made strategic investments in four Fintech companies. According to a press release, the DIFC has invested in FlexxPay , a company that helps employees by giving them salary advances; Go Rise , a company focused on financial services for migrant workers; NOW Money , a firm that aims to serve the unbanked or underbanked; and Sarwa , an online financial consulting firm. These Fintechs will receive pre-series A to series A funding, the DIFC confirmed. The investment is reportedly part of the $100 million Fintech Fund introduced last year, in order to help establish and expand the operations of early-stage Fintech firms. The startups were evaluated by the DIFC Fintech Fund before they received capital for their ongoing growth and development. The DIFC said that it will be reviewing more applications and plans to make additional investments in other Fintech ventures. Arif Amiri , CEO at DIFC Authority, remarked: “The DIFC Fintech Fund [aims to] accelerate the development of impactful Fintech firms, taking them a step further toward capitalizing on the strong growth opportunities available in the region. Through investing and providing [a] … comprehensive platform, we [plan to] drive innovation across MEASA’s financial services sector.” Michael Truschler, CEO at FlexxPay, stated: “We strongly believe that in the near future everyone will have access to their earned income whenever they want. FlexxPay brings such an experience to companies and their employees today.” Padmini Gupta, CEO at Go Rise, noted: “Migrants in the GCC earn $150 billion a year and we are helping them better manage that income through partnerships with institutions regionally and in migrant home countries. Migrants represent one of the region’s biggest assets and in Go Rise we want to build the global migrant financial services leader.” Mark Chahwan, CEO of Sarwa confirmed that his company was established with assistance from the DIFC. It belongs to the first cohort of the DIFC Fintech Hive and was reportedly the first firm to be awarded an Innovation Testing License. In March 2020, the DIFC revealed that it was in the process of establishing a new district that will reportedly have 6.4 million square feet of office space. DIFC had 2,347 active firms (as of March 2020), which is a 14% increase from 2018. The DIFC signed up 493 new firms last year, which is around 13% more than it registered in 2018. Last year, the DIFC also added over 2,000 jobs, which is a 9% year-on-year increase. The DIFC recently revealed that its reinsurance business had a strong performance during Q1 2020. The sector reportedly grew over 17% last year, which represented “the highest volume of premiums ever written in the market,” the DIFC claims. DIFC has also signed an MoU with EC3 Brokers Ltd to launch a group health plan for the Centre’s 2,437 registered companies. The financial center has also introduced an updated data protection policy. Sponsored Links by DQ Promote You may also like...

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  • When was Kayan Labs founded?

    Kayan Labs was founded in 2017.

  • Where is Kayan Labs's headquarters?

    Kayan Labs's headquarters is located at Jumeirah Lake Towers, Dubai.

  • What is Kayan Labs's latest funding round?

    Kayan Labs's latest funding round is Series A.

  • How much did Kayan Labs raise?

    Kayan Labs raised a total of $1.4M.

  • Who are Kayan Labs's competitors?

    Competitors of Kayan Labs include Denarii Cash.

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Denarii Cash enables money transfer via a mobile application to help migrant workers to send money back home without fees.

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