UAE-based fintech AXON has successfully raised approximately $1 million (SAR 4 million) from Maarej Real Estate during its recent Investor Summit in Riyadh. Founded in 2021 by Malek Alzubi and Mohammad Youssef Madreb, AXON is focused on creating a comprehensive financial infrastructure that facilitates seamless operations for banks, payment networks, stablecoins, and digital asset platforms within a regulatory-compliant ecosystem. This strategic investment will enable AXON to enhance its presence in Saudi Arabia, advance necessary regulatory approvals, and fortify global partnerships while developing infrastructure for cross-border payments and settlements in both regional and international markets.
The Investor Summit, which attracted over 50 key figures from Saudi Arabia's investment and fintech sectors, emphasized the importance of integrating traditional finance with the digital economy. Attendees included representatives from prominent investment firms and financial institutions, reflecting a robust interest in AXON's vision for a unified financial orchestration layer. During the event, AXON showcased its flagship products, AXON Transfer and AXON Pay, which aim to significantly reduce settlement times for international payments, potentially streamlining transactions from several days to just one hour.
The signing of the investment agreement with Maarej Real Estate marks a significant endorsement of AXON's potential to transform the financial landscape in the region. Malek Alzubi, Co-Founder and CEO of AXON, highlighted the importance of this partnership in supporting the company's mission to facilitate the seamless movement of value across traditional and digital financial systems. Meanwhile, Tamim Al-Juhani, Chairman of Maarej Real Estate, noted that this investment aligns with Saudi Vision 2030, reinforcing the Kingdom's ambition to become a global hub for financial innovation and transformation.
The Investor Summit, which attracted over 50 key figures from Saudi Arabia's investment and fintech sectors, emphasized the importance of integrating traditional finance with the digital economy. Attendees included representatives from prominent investment firms and financial institutions, reflecting a robust interest in AXON's vision for a unified financial orchestration layer. During the event, AXON showcased its flagship products, AXON Transfer and AXON Pay, which aim to significantly reduce settlement times for international payments, potentially streamlining transactions from several days to just one hour.
The signing of the investment agreement with Maarej Real Estate marks a significant endorsement of AXON's potential to transform the financial landscape in the region. Malek Alzubi, Co-Founder and CEO of AXON, highlighted the importance of this partnership in supporting the company's mission to facilitate the seamless movement of value across traditional and digital financial systems. Meanwhile, Tamim Al-Juhani, Chairman of Maarej Real Estate, noted that this investment aligns with Saudi Vision 2030, reinforcing the Kingdom's ambition to become a global hub for financial innovation and transformation.
Source: Wamda
