Fintactics launches new ventures, enters partnerships during Saudi Arabia’s World Fintech Show

Fintactics launches new ventures, enters partnerships during Saudi Arabia’s World Fintech Show

Riyadh – Mubasher: The World Fintech Show has witnessed the launch of new ventures Holoul and Leza'am by Fintactics, which also signed partnership agreements with Aion Digital and Bitfy Holdings.

The event, which kicked off on 5 December in Riyadh, also witnessed the launch of Fintactics Studio to shape the future of fintech in the Kingdom, according to a press release.

Launch of Fintech Holoul

Fintactics has launched its venture Holoul as a digital mortgage platform that helps in facilitating and endorsing homeownership, being in line with the Saudi residents' Vision 2030.

The mortgage market in Saudi Arabia is evolving at a rapid pace, while the results are seen very positive.

The signing included the Founder and CEO of Holul Venture, Basil Al Shamlan, in addition to Fintactics’ CEO, Haitham Al Sahafy, as well as the Managing Partner, Mohammed Al Maghlouth.

Launch of Regulatory Technology (RegTech) Leza’am

Leza’am is a joint venture (JV) between Fintactics and Aion Digital that was launched during the two-day event, as a solution for the requirements of enterprises in terms of a fully digital onboarding experience to lead customers through their onboarding process. This is also to meet the growing demand for business resilience requirements and consumer expectations.

The signing of the partnership