DIFC Issues Innovation License To Shoraka Subsidiary


A subsidiary of Shoraka Digital Ventures (Shoraka DV), SHORAKA Suyula Platform (SSP), has secured the innovation licence from the Dubai International Financial Centre (DIFC), the leading global financial centres in the Middle East, Africa and South-East Asia (MEASA).

The licence is the first crucial step in the company’s journey in expanding into the region.

“The licence will be a step in the right direction for SSP to build on its journey beyond the South-East Asia region and it marks a major milestone for SSP for its global expansion plan beyond its home market,” Shoraka DV MD Johar Amat (third from right) said in a statement today.

He said being present in one of the most vibrant fintech hubs in the world would enable SSP, the fintech start-up operating a Re-Rahnu Platform, to have the opportunity to tap into the pool of global talents and the vast networking available at the DIFC Fintech Hive.

Shoraka DV is the digital technology arm under Shoraka Group. It is a Malaysian-based company with interest in high-growth technology serving the digital technology indutry.

It develops several of its own fintech platforms which includes the SSP.

DIFC is the leading financial hub for the MEASA region; it has the DIFC Innovation Hub, which is the region’s first ecosystem dedicated to bringing the fintech and innovation community together to shape the future of finance and the economy.

The innovation licence is the initiative of Dubai Future District under the DIFC to support innovation, creativity and entrepreneurship in the region.

The official handover of the licence was celebrated at the DIFC by both parties on June 30. — TMR/Pic courtesy of Shoraka DV

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