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UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets

  • UAE-based Dunes Financial has signed a memorandum of understanding (MOU) to acquire a substantial portion of Canada-based Be Mobile Africa.
  • The deal is expected to be completed by the end of Q2 2024 for an undisclosed amount.
  • This marks Dunes Financial’s first public move since its exit from stealth mode, as the company prepares to unveil its new platform that combines cryptocurrency and traditional banking services.
  • Be Mobile Africa, the Canadian fintech, offers an all-in-one money app leveraging AI and blockchain to deliver financial services to the African market, including instant international money transfers, payments, and multi-currency accounts.
  • Dunes Financial aims to create a bridge between crypto and fiat through the acquisition, providing new possibilities for regulated entities and individuals.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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