myZoi wants to make remittances less costly for migrant workers

Money sent home by migrant workers not only helps their families, but also enables entire economies to develop. But transferring money comes at a high cost to workers, with remittance fees averaging about 6.5%. MyZoi wants to cut fees by more than half, starting with the five million low-income migrant workers in the United Arab Emirates. MyZoi (which […]

myZoi x Gulf Business Q&A

Tell us about the inception of myZoi. What led to its creation? Christian Buchholz Co-founder and Chief Product Officer: During my role at SC Ventures in Singapore, I had the privilege of personally interacting with the underbanked and hearing about their families in their home countries such as Philippines, India, Bangladesh. The insights and experiences gained from […]

myZoi at Dubai Fintech Summit 2023

Watch this video to hear directly from myZoi’s leadership on what we’re building. – Enabling financial literacy and inclusion for the underbanked and their families. – Pushing boundaries of innovation and financial inclusion – enabling instant transfers for the underbanked. – Offering companies to advance the social pillar of ESG and much more. Speak to us on […]

Parallels between Sports and Entrepreneurship

myZoi is celebrating World Entrepreneurs Day with insights from Alex Manson as he speaks about what it takes to build great businesses – drawing parallels between 2 of his passions: endurance sports and entrepreneurship. Break hard and massive goals into smaller tasks. Tackle business with process, integrity, and discipline – as you would in sports. And remember, it’s not a sprint, […]

myZoi raises $14M from Standard Chartered’s VC Arm

UAE-based fintech company, myZoi, announced Tuesday it has secured $14 million in funding from Standard Chartered’s SC Ventures and SBI Holdings. Additionally, it had obtained two regulatory licenses from the Central Bank of the UAE (CBUAE). Serving Underbanked Migrants The fintech startup aims to reduce the transaction cost of migrant remittances to less than 3%, […]

myZoi raises $14 million, obtains regulatory licenses

    Press Release: myZoi, an innovative fintech focused on financial inclusion and financial literacy for the underbanked, has raised $14 million from SC Ventures and SBI Holdings, as it obtains two regulatory licenses from the Central Bank of the UAE. These achievements mark a significant milestone in myZoi’s mission to enable, digitize and simplify […]

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