Dubai fintech receives funding to strengthen global presence
SAM Corporate
Transworld Group
DUBAI, Nov 29 – SAM Corporate, a Dubai-based niche FinTech Services Group, has received an undisclosed investment from Transworld Group.
DUBAI, UNITED ARAB EMIRATES, Nov. 30, 2022 /EINPresswire.com/ — SAM Corporate received an investment of an undisclosed amount from Transworld Group in November 2022.
The strategic investment is aimed at bringing the deep domain technology expertise of SAM Corporate together with long and successful business experience of Transworld Group, creating synergies for SAM Corporate to offer niche and complex FinTech implementation services and bring new FinTech products and services to the market.
Ramesh Ramakrishnan is among the top Indian business entrepreneurs who created a success story from scratch, built an empire, established in 1977 by R. Sivaswamy, known as Transworld Group. The conglomerate now extends to the US, KSA, Oman, Qatar, Kuwait, Pakistan and Sri Lanka and uses the UAE as its headquarters.
Marc Gillis, Managing Director, SAM Corporate, is a FinTech veteran with over 35 years of experience in Europe and the Middle East, successfully running the SAM Group since 2014 along with Co-Founder and Managing Director Dr. Sunil Kumar K who is an IITian and a well-known leader in the FinTech and Risk fraternity in the Middle East. The group operates from its headquarters in Dubai and with offices in India and the UK.
The investment from Transworld Group will enable SAM Group to expand its presence in MENA and the rest of the global market. With expertise in implementing complex solutions related to financial consolidation, planning, IFRS16, IFRS17, IFRS19, Financial Accelerators, ALM, Treasury, SAM Group is confident of adding value to the MENA market by supporting the initiative of implementing large enterprise solutions through its hub office in Dubai. It also brings the expertise of SAM Corporate to the Transworld Group worldwide in supporting their IT initiatives.
Mr. Ramakrishnan states, “We are delighted to partner with SAM Corporate in the next leg of its journey of domestic as well as international expansion. With the introduction of corporate tax in the UAE, organizations will require robust digital systems and processes for reporting and analytics across all industries. We believe that SAM Corporate is well positioned to offer customized solutions from leading OEM software players globally. We look forward to working with Dr. Sunil and the entire team at SAM Corporate going forward”
Marc Gillis states: “Having Transworld as investors is absolutely fantastic as the group brings in the necessary capital, geographic reach and business acumen to expand our portfolio of fintech products and services. With a well-laid foundation, skilled and qualified resources, strong infrastructure and robust business processes in place, we are excited for the next level in SAM Corporate’s journey and are proud to have Transworld with us on our journey now.”
About SAM Corporate
SAM Corporate is a Dubai-based niche FinTech Services Group, providing a unique blend of complex FinTech product implementations and product experience modification for tailored solutions.
www.samcorporate.com
About Transworld Group
Transworld Group is a global shipping and logistics conglomerate, operating through a strong network of global offices spread across the Middle East, India and the Indian Subcontinent, the United States and the Far East.
www.transworld.com
Hassel
SAM Corporate
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