Moonfare expands into the Middle East

Anna-Lena Malter Anna-Lena Malter | 27.07.2022

The fintech says it now manages two billion euros of customer assets and is looking to expand the business with an expansion into the United Arab Emirates.

According to Handelsblatt, Moonfare, a financial company based in Berlin, is expanding into the Middle East. According to Moonfare, private investors from all seven United Arab Emirates (UAE) can now use the online platform to buy private stocks. However, both the Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) are excluded.

The move could serve as a model for other companies, given the unrest in Ukraine and geopolitical tensions between the West and China. The market potential in the region is seen as very large.

The fintech works with over-the-counter equity capital, which is commonly referred to as private equity. Private equity firms buy mid-sized companies and parts of corporations, restructure them over a period of years, and then either sell them for more money or take them public. The fintech primarily targets wealthy clients who want to invest in private equity. In just under a year, Moonfare has doubled assets under management to two billion euros. The fintech's management wants to make the private equity asset class more accessible online. On average, one of the 3,000 customers has investments worth 667,000 euros, according to industry service finanz-szene.de .


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