News

Dubai Startup Belong Is A Social Platform With A Twist

The company has ambitious plans for growth and has already begun scaling operations in US cities.

Published

1 year ago

November 28, 2023

Nour Nasir

Belong

Startup Belong is an online social platform catering to the needs of fitness, food, travel, arts, sports, and wellness enthusiasts. The app also allows users to connect in person to attend events together.

Founders Michael Askew and Matthew Gaziano have first-hand experience of struggling to connect with the right people after living in Saudi Arabia’s capital, Riyadh, for seven years and later moving to Dubai.

“When we moved to Dubai, we were excited because the place is amazing. We expected to have a packed, endless social calendar, but when we got here, we realized we’d got to make friends first,” says Gaziano. “How do you get out, find like-minded people, and do all these fantastic things? How do you approach people? It’s not easy to go over and speak to someone in public and start talking about yourself,” he added.

The pair were inspired to design an app where “online meets offline”, helping people to break the ice and form lasting relationships out in the real world.

After launching the app in 2019, the social platform now has a user base of 350,000 and a presence in Dubai, New York, and San Francisco.

Also Read: Top 10 Best Freelance Platforms In The Middle East

Belong works by allowing users to select their interests. After that, they start posting and discussing what they have in common. The company has already secured $3.5 million in crowdfunded investments and plans to raise more funds in 2024 to crack the wider US and MENA markets.

“The UAE is a fantastic place to launch your business,” explains Gaziano. “It’s such a melting pot of cultures and nationalities, and you can really put your startup to the test here”.

The United Arab Emirates aims to become home to 20 startups valued at over $1 billion by 2031 in a bid to become a regional center for innovation and entrepreneurship. Last year, the country launched its Entrepreneurial Nation initiative to help entrepreneurs set up operations in the Emirates and support them when expanding their businesses, exporting products, and tapping into online sales.

The UAE’s digital economy is expected to reach a value of $140 billion by 2031, rising dramatically from its current $38 billion, according to a report by the Dubai Chamber of Digital Economy.

News

Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

21 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.