Singapore-based fintech firm Areta Planet has secured an undisclosed amount of funding from Dubai’s National Pulse to bolster its cross-border payment services for businesses in the Middle East.
Led by His Excellency Mohammed bin Malkan Al Ketbi, Founder and Group Chairman of National Pulse, the investment will accelerate Areta Planet’s growth across the UAE, the Middle East and Africa.
Following this investment, Aleta Planet will establish its global headquarters in Dubai, while its Singapore office will continue to support its expansion in the Southeast Asia region.
A leading member of UnionPay International, Areta Planet specialises in secure and cost-effective international payment solutions, which are crucial for small and medium-sized businesses in Dubai.
The move follows the UAE’s ongoing efforts to strengthen its fintech sector, following recent Open Finance Regulation From the UAE Central Bank.
Al Ketbi said:
“Aleta Planet’s innovative and transformative technology is transforming the way cross-border trade is managed.
Their expertise in handling multi-currency transactions will significantly enhance our upcoming digital solutions that are game-changing for international trade and the digital economy.”
Ryan Gwee, Founder and Group Chairman of Areta Planet, said:
“We are honored and humbled that Al Ketbi, with his impressive investment background, is keen to invest in Areta Planet in Dubai, where we will deploy our cross-border, multi-currency payments technology to support international trade in the UAE and the Middle East.”
This investment from a talented investor with deep experience and connections in the Middle East will greatly support our efforts to expand B2B payments not only in the region but also in global markets in China, Africa and Europe.”
