UAE based financial analysis app Lune Technologies raises AED 250k

UAE based financial analysis app Lune Technologies raises AED 250k

Lune, a platform specialising in the field of financial data analysis, raised AED 250,000 from Sandooq Al Watan, a community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations.

“The concept of Lune is unique, as it allows banks and companies to extract valuable financial insights and indicators from their customers’ daily transactions and reveals spending patterns and habits. The platform’s other valuable functions include monitoring average spending, giving a warning in the event of unusual financial movements, and reactivating dormant accounts,” Helal Tariq Lootah, Co-Founder of Lune Technologies Ltd, said.

Lune is receiving Sandooq Al Watan’s investment under its Emirati Innovator programme – an initiative that supports Emirati entrepreneurs and inventors.

“The Emirati Innovator programme further aims to enhance the work of these companies by presenting them to a diverse network of sources and relationships. Other support that the programme provides, she said, includes providing grants and investments, along with non-financial assistance that includes working with various bodies and institutions to develop the companies’ respective offerings,” Hind Baker, Director General of Sandooq Al Watan said.

Read more: UAE’s Uniphore acquires AI-powered knowledge automation solution Colabo

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