Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Support Make an enquiry Whistleblowing FAQs
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news 24 French Asset Management Firms With $1.6 Trillion AUM Convene for Second UAE – France Investor Meetup ADGM's Financial Regulator fines Sarwa Digital Wealth (Capital) Limited USD 122,500 for making an Offer of Securities in ADGM without Approved Prospectus
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events FSRA Supervision Outreach Session ADGM's 4th Annual FATCA and CRS Awareness Session LINK Networking Series
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Highlight & stories

    service

    23 February 2021, by ADGM's Staff Editor

    • Open banking platform secures the largest regional fintech seed round and eyes geographic and product expansion

    Open banking platform Tarabut Gateway has secured $13M in a seed funding round led by Target Global. Other investors included Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

    This funding marks the largest fintech seed round in the MENA region and follows Tarabut Gateway’s recent expansion into the UAE.

    In September 2020, Tarabut Gateway expanded to ADGM to further grow the company and its technology department. Abu Dhabi is the ideal location, in particular, as the Emirate has made fintech a priority by establishing a holistic fintech ecosystem where startups and established players alike can thrive and prosper. The Emirate's strategic location, access to a vibrant ecosystem and phenomenal talent make it an attractive destination for any growing fintech in the region.

    Since its establishment in 2017, Tarabut Gateway has developed an open banking API (application programming interface) that allows third-party financial services providers to securely access financial data and develop new apps and services. It offers tools that allow the facilitation and distribution of personalized financial services and ensures all partner banks accelerate their technological partnerships at significantly reduced costs.

    Abdulla Almoayed, CEO and Founder of Tarabut Gateway said, “The open banking industry is a catalyst for transforming the way banks and fintechs in the region interact with one another. With regional regulators quickly adopting open banking in their strategies, Tarabut Gateway provides the infrastructure which enables enhanced collaborations between financial institutions and an increasingly agile and flourishing regional fintech sector. Through diligent regulation, this is a once-in-a-lifetime moment for the MENA region to gain a leading position in the global fintech arena. This is something we are very proud to be playing a part of.”

    Tarabut Gateway, which has offices in Abu Dhabi, Dubai, London, and Manama, will use the funding to support with expanding regionally and developing current product offerings.

    As part of Tarabut Gateway’s growth plan for the next year, the business aims to hire 40 additional team members across the MENA region by the end of 2021.

    If you have questions or need any assistance, we're here to help