UAE-based fintech solutions provider, ICC Fintech has drawn up a $30 Mn investment plan to start its India operations by early next financial year.
ICC Fintech is present in most parts of the Middle East, particularly in larger markets such as the UAE and Saudi Arabia. It has operations in Egypt and Qatar as well, while its India office in Noida, Uttar Pradesh takes care of everything around tech.
The fintech startup has inked a joint venture with a public sector bank in India.
ICC Fintech closely works with three B2B partners, who work with NRIs on their own. It includes a large company in the UK which caters to around 80,000 students a year who come from India to enroll in various universities.
ICC Fintech works with the largest banking and merchant institutions in the Middle East.
The fintech startup counts Commercial Bank of Dubai, Dubai Islamic Bank, Ajman Bank, Sharjah Islamic Bank, Doha Bank, among others, in its banking clientele.