Botim CEO says there will be announcements of acquisitions in the fields of financial technology and social communication in companies outside the UAE
UAE-based technology firm AstraTech is seeking to expand across India, Pakistan, and Egypt in the near future as part of its global expansion strategy.
In a statement he made to the Emirates News Agency (WAM) on the sidelines of his participation in the International Government Communication Forum (IGCF) in Sharjah, Abdallah Abu Sheikh, founder of AstraTech and CEO of Botim platform, stated: "Last month, we acquired a banking company in the Philippines as part of our global expansion, and now we are looking at the Indian, Pakistani, and Egyptian markets."
He confirmed that in the first quarter of the next year, there will be announcements of acquisitions in the fields of financial technology and social communication in companies outside the UAE. Regarding potential financing rounds, Abu Sheikh said: "I do not expect any funding rounds for the company at the moment, as profitability is high, and the situation is stable."
As for the Botim application, he explained that it has become an "Ultra Platform" as, in addition to the communication service it offers, there are financial services such as international money transfers. "The platform allows people without bank accounts to obtain a Botim card, which can be used on Botim and is accepted worldwide. It also provides payment features for companies that do not want an expensive...
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