# MSlynX Technologies FZE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mslynx-technologies-fze

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.fintech-galaxy.com
- Total disclosed funding: $2M
- Latest round: Seed (Oct 19, 2021)
- Investors on record: 5

## About

MSlynX Technologies is a fintech company that provides an innovative open banking platform aimed at accelerating financial technology solutions. It connects financial institutions with fintech firms, enhancing their collaborative capabilities.Founded in 2018 and headquartered in Dubai, United Arab Emirates, MSlynX Technologies specializes in facilitating innovation within the financial sector. The company has successfully completed one deal, raising USD 2.000 mn in Seed funding on October 19, 2021, led by Ahli Bank Oman along with other investors including EFG EV Fintech and INSEAD Global Angel & Investment Network. Mirna Sleiman serves as both the CEO and Founder of the company.MSlynX Technologies offers an open innovation platform designed for virtual FinTech acceleration and crowdsourcing global solutions. Their core offerings include a cloud-based Open Banking platform that enhances the corporate innovation lifecycle, facilitating technical testing and integration between financial institutions and fintech firms. The platform supports rapid app prototyping and commercialization, primarily catering to clients in the Middle East and North Africa (MENA) region, while also engaging in partnerships globally. Furthermore, they maintain a comprehensive listing of fintechs worldwide to promote collaboration and investment opportunities.The revenue model of MSlynX Technologies is structured around subscriptions, partnerships, and transactional services related to their platform offerings. Financial institutions and fintech companies can access the Open Banking platform through subscription fees, which include features like the API Sandbox for developers. Their collaborations may also involve project-based agreements for app prototyping and testing services, often accompanied by milestone payments or usage-based fees. Additionally, revenue is generated through their innovation challenges and digital hackathons via sponsorships or participation fees.In October 2021, MSlynX Technologies raised USD 2.000 mn in Seed funding to develop and launch its open finance platform, with plans to expand its presence in key MENA markets. The funding will support the rollout of new product features designed to enhance user experience and engagement, while also facilitating the company's geographic expansion efforts. Specific markets targeted for expansion include emerging fintech hubs within the MENA region.

## Funding rounds

- Seed, Oct 19, 2021, $2M — Raz Group, EFG EV Fintech, Ahli Bank Oman, OMQ Investments, INSEAD Global Angel & Investment Network

## Investors

- Raz Group (https://capitalatlas.ai/funds/raz-group) — Seed
- EFG EV Fintech — Seed
- Ahli Bank Oman — Seed
- OMQ Investments (https://capitalatlas.ai/funds/omq-investments) — Seed
- INSEAD Global Angel & Investment Network — Seed