UAE’s Lune closes $1.5 million led by DFDF

UAE’s Lune closes $1.5 million led by DFDF

UAE-based data analysis Lune has raised $1.5 million in a Seed round from Dubai Future District Fund (DFDF), Plus Venture Capital,  Reach International, and Judah Ventures, joined by other family offices and angel investors.

Founded in 2020 by Helal Tariq Lootah and Alexandre Soued, Lune enables banks, fintechs, and financial institutions to turn the transaction data of their customers into useful insights for them.

The funding will propel Lune’s regional expansion and product development.

In 2022, Lune raised $850,000 in a pre-Seed round led by DFDF, Flat6Labs, and an undisclosed group of angel investors.

Source: MenaBytes

Dubai-based data analytics startup Lune has raised $1.5 million in a seed round from Dubai Future District Fund (DFDF), Plus Venture Capital,  Reach International, and Judah Ventures, it announced in a statement on Thursday. The round was also joined by a few family offices and angel investors.

Founded in 2020 by Helal Tariq Lootah and Alexandre Soued, Lune enables banks, fintechs, and financial institutions to turn the transaction data of their customers into useful insights for them. It offers its plug-and-play solutions through an API, allowing its clients to improve the user experience of their financial products.

The transaction data enrichment solution by Lune automatically categorizes transactions of customers into categories and