UAE’s Fintech Galaxy acquired Egypt’s Underlie

The agreement will aid in the market penetration of FTG’s Open Finance and Open Banking platforms in Egypt, as well as the development and launch of new digital solutions and the advancement of financial inclusion.

Underlie uses open-API technology and machine learning to enable banks and FinTech companies to provide better services and benefits to their customers. Fintech Galaxy, which has offices in the UAE, KSA, Bahrain, Egypt, Lebanon, and Moldova, is on a mission to create the most secure, reliable, and developer-friendly Open Finance platform in the MENA region and beyond.