Metric, the UAE-Based AI Fintech, Secures Funding to Fuel Expansion
Metric, an innovative AI-powered fintech company based in the UAE, has successfully secured a new round of investment. This funding, led by A-typical Ventures with significant participation from a diverse group of investors including 500 Global, Hub71, i2i Ventures, Plus VC, Epic Angels, Oqal Angels, Accelerate Prosperity, and various regional angel investors, will be instrumental in accelerating the company’s growth trajectory. Metric, founded in 2022 by Meenah Tariq, Omar Parvez Khan, and Dr. Habiba, offers a unique solution for small and medium-sized businesses.
Empowering SMBs with Actionable Financial Insights
Metric’s core offering centers on providing founders and small business owners with accessible financial tools. These include easily understandable dashboards, industry-specific benchmarks, predictive forecasting instruments, and a conversational AI advisor. The platform transforms complicated financial data into easily digestible insights, empowering business owners to make more informed decisions. This is particularly relevant in regions like Africa where access to sophisticated financial tools and expert advice can be a barrier to growth for many SMBs. The new funding will primarily be used to accelerate product development and facilitate the expansion of Metric’s reach across the Gulf Cooperation Council (GCC) region and beyond.
Conclusion
This investment in Metric signifies growing confidence in the potential of AI to revolutionize financial management for SMBs. With the backing of these prominent investors, Metric is well-positioned to scale its operations and provide crucial financial support to businesses, helping them navigate the complexities of the modern financial landscape.
Keywords
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