UAE-based fintech startup Twig Solutions has raised undisclosed funding in its pre-seed round from Phoenician VC, Soul Ventures, MMK Capital, regional, family offices, and angel investors. Along with the funding, Twig also obtained an Innovation Testing Licence (ITL) from the Dubai Financial Services Authority (DFSA) to test and develop its products and services in a controlled regulatory environment. Twig was also among the 20 startups which formed the first batch of the 2022 FinTech Hive Accelerator Programme organised by DIFC. The programme helped startups gain access to the region's largest financial industry banks and insurance companies for partnership opportunities, exposure to investors, and more. For any press related queries or to share your press releases, write to us at[email protected]

Source: The North Africa Journal May 11, 2023 11:07 UTC