LONDON: A British-Pakistani entrepreneur has created a buzz on London’s tech scene through his company that authenticates and grades various trading cards such as Pokémon, Yu-Gi-Oh, Magic, The Gathering and many more.
Based in the heart of upmarket Knightsbridge opposite Hyde Park in London, Raja Iyak Hussain had taken the company from nothing to worth around $10 million in a matter of few months. Today, nearly 100 people work for his company across India, Indonesia and the United Kingdom. The entrepreneur, 38, explained that the purpose of grading and authentication is to differentiate between the fake and the real cards and also assess the quality of a product.
He told this correspondent in an interview: “We have entered into a tech era where the gaming business has become a market of trillions of dollars. It’s no longer business as usual. The new generation is living the new era and they are a significant portion of the world population. The major company giants have made it so their products don’t have the collectible value unless it is graded and authenticated to make the investment worth it”. He said: “Grading is like an investment. It uniquely protects a card or collectible as a future opportunity allowing its value to grow over time. Some trading cards are now selling for over 250K and so this is not a small thing. The American market has become so big and it is natural that it would spread to the UK and other countries”.
Hussain was born in London but studied in...
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