https://adgully.me/post/4119/hala-appoints-ex-revolut-cto-saleem-arshad-to-drive-ambitious-global-vision

HALA appoints ex-Revolut CTO Saleem Arshad to drive ambitious global vision

Saudi Arabia's burgeoning fintech powerhouse is signaling its unwavering commitment to revolutionize its field’s landscape. Its latest activity on this trajectory is appointing Saleem Arshad as its Chief Technology Officer (CTO). Saleem, who brings over two decades of technology and innovation experience, will be pivotal in driving HALA's global expansion efforts, focusing on the UK and European markets.The day, marked a significant milestone for HALA as it welcomed Saleem Arshad into its leadership fold. With a distinguished career that spans the fintech spectrum, Saleem is poised to guide HALA into a new era of technological innovation and global prominence.HALA has set its sights on expanding its fintech footprint beyond Saudi Arabia. This decision to tap into international markets aligns with the company's vision of becoming a global financial force. Under Saleem's expert stewardship, HALA aims to strengthen its infrastructure and technology capabilities, ensuring it remains at the forefront of industry trends and customer expectations.Saleem Arshad's impressive career path is a testament to his dedication to innovation and growth within the fintech sector. Notably, he served as the Chief Technology Officer at Revolut, a UK-based super-app, where he played a crucial role in spearheading the company's expansion into the Indian market. Before this, he successfully built and launched the greenfield fintech venture W1TTY, demonstrating his penchant for groundbreaking projects. Saleem has also lent his expertise to established institutions such as HSBC, Barclays, and British Petroleum.The newly appointed CTO of HALA shared his excitement about joining the organization, stating, "I am looking forward to working closely with the senior management team to strengthen the business's technology capabilities further. Together, we will redefine industry standards and position HALA as the go-to financial institution for SMEs globally."In an era of technological disruption and evolving customer expectations, HALA's hiring of Saleem Arshad as CTO underscores its determined commitment to reshaping the fintech landscape. As HALA embarks on its journey to conquer international markets, Saleem's expertise and vision are set to play a pivotal role in making this ambitious global expansion a resounding success. With Saleem at the helm of HALA's technological innovation, this fintech trailblazer's future looks exceptionally bright as it endeavours to deliver cutting-edge solutions to customers worldwide.
https://adgully.me/post/4066/democrance-expands-footprint-in-saudi-arabia

Democrance expands footprint in Saudi Arabia

Democrance, the global InsurTech firm with a mission to make insurance accessible and affordable for those who need it most, today announced a bold expansion strategy in the Kingdom of Saudi Arabia following the launch of the company’s Riyadh HQ.Supported by investment from Wa’ed Ventures, the Kingdom-based venture capital arm of Saudi Aramco, and long-time partner Global Ventures, the move is designed to support Saudi Arabia’s economic aspirations. Democrance’s Saudi expansion aligns with the principles of the Financial Sector Development Program (FSDP), a critical part of Saudi Vision 2030 that collaborates with bodies such as the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA) to enhance the country’s financial sector industry.“The FSDP plays a crucial role in shaping the Kingdom’s FSI sector,” said Hussain Almarhoon, Founding Managing Partner of HALA Ventures and Chairman of the newly created regional HQ, Democrance KSA. “Democrance’s mission to bring insurance to underserved markets and communities makes us an ideal contributor to the program and a key partner in the realization of Vision 2030. Our commitment to the country and the people of Saudi Arabia is absolute and unwavering.”“Achieving financial inclusion is a global mission and one that is incredibly important to spread in the region. Democrance has shown great potential to elevate available insuretech products, and we are excited to partner with them on their journey to diversify and digitize insurance solutions ” said Mazen Alasnag, Head of Venture Growth at Wa’ed Ventures.“Global Ventures partners with entrepreneurs that leverage disruptive technologies to build industry-changing and sustainable businesses,” said Medea Nocentini, Senior Partner, Global Ventures. “Democrance exemplified this when we first decided to invest and has continued to do so two years later on its mission to reshape the frontier market of InsurTech. It is fitting that the company’s next chapter will be written in Saudi Arabia as the Kingdom transforms its FSI sector.”Democrance helps insurers increase their digital sales and access new customer segments. With its B2B white-label SaaS technology platform, insurance products and digital sales channels can be launched in a few weeks, without impacting any legacy IT system. P&C, Life and Health insurance products are currently supported on the platform.“The global insurance sector is in the midst of a dramatic surge in digital transformation,” said Michele Grosso, Co-Founder and CEO of Democrance. “Democrance has emerged as the leading B2B InsurTech firm in Saudi Arabia by aligning with SAMA’s vision and that of broader government efforts on Vision 2030. Some of the largest insurers in Saudi Arabia count themselves among our clients because they have seen the value in our mission to digitize insurance processes and increase the sector’s penetration in all levels of society, from digital millennials to low-income families.”Outside of Saudi Arabia, Democrance is active in 15 other markets in the Middle East, Africa, Southeast Asia, and Latin America.