United Fintech Expands Presence with New Office in DIFC

United Fintech, led by CEO Christian Frahm, has announced the inauguration of its new office in the Dubai International Financial Centre (DIFC). This move into the UAE reflects the growing demand for financial technology and highlights the country’s significance as a fintech innovation hub.

United Fintech operates as an industry-neutral digital transformation platform, facilitating banks and financial institutions’ access to innovative fintech solutions tailored for capital markets. The company’s objective is to drive digital innovation, provide transformative solutions, and enhance financial institutions’ capabilities globally.

Christian Frahm emphasised the strategic importance of the DIFC expansion, positioning United Fintech’s digital transformation platform on a broader global scale to meet the evolving needs of the financial services industry.

Rasmus Bagger, serving as the Chief Commercial Officer, will oversee the operations of the Dubai office. The entry into the Middle East market comes amid a global slowdown in the financial technology industry, although in the UAE, there has been a remarkable 92% surge.

Bagger expressed optimism about the opportunities in the region, aiming to expand the client base and team while facilitating connections between financial institutions and leading technology providers through a unified platform.

Earlier this month, United Fintech welcomed Danske Bank as an institutional investor, joining previous supporters such as BNP Paribas and Citigroup.

United Fintech’s presence in the DIFC has attracted attention across the region, particularly for its partner company Athena, renowned for its comprehensive Order Management System (OMS) and Portfolio Management System (PMS) solution.

Athena’s OMS/PMS solution offers investment managers a complete platform, supporting various functions from decision-making to post-trade processing.

Raj Rathor, Head of EMEA Sales at Athena, highlighted the significance of United Fintech’s establishment in the DIFC, enabling Athena to extend its services and drive technical transformation for asset managers and hedge funds in the region.

Founded in 2020, United Fintech has expanded its operations to encompass over 160 employees across eight countries, including the UK, Denmark, Spain, and the USA.