Digital Encom crosses $50mln valuation

Digital Encom crosses $50mln valuation

Digital Encom [www.digitalencom.com], a UAE based start-up with its unique Retail Operating System has crossed more than 500 million transactions equating to gross value of more than 10 Billion AED for the first time since it’s inception. Recently, Digital Encom has been valued at $50 Million valuation by DBS-CITI Asia Startup Valuation report. Valuation was based on the revenues, profit and loss ratio, return on equity and cash reserve. Company has declared cash reserves of over $3 Million and has set aside $5 Million for M&A to power the growth in 2024. Digital Encom is a shining light for a startup company moving into the high growth sector with impressive revenue pipeline, ROI. Digital Encom is developed as a retail operating system platform to provide technology-enabled solutions for the distribution of Digital goods, services, products like redeem vouchers (Gift cards) from a wide selection of respected brands. Digital Encom Operating system is focused on retail, B2B business, Telecom operators and enables distributors and merchants access to hundreds of digital brands to be sold through retail points of sale, to manage voucher inventory digitally, guarantee stock availability 24/7 and there is NO inventory to maintain or physical cards that can get