Transworld Group invests in SAM Corporate
To expand its presence in the global market
image for illustrative purpose
Dubai SAM Corporate, a Dubai-based niche FinTech Services Group, has announced receiving a strategic investment from the Transworld Group and Marquee Investor Sanjay Teli. The investment is aimed at bringing the deep domain tech expertise of SAM Corporate together with the longstanding business experience of Transworld Group and Sanjay Teli, creating synergies for the former to offer niche and complex fintech implementation services and to bring new fintech products and services to market.
The investment from the Transworld Group will enable SAM Group to expand its presence in the Middle East and North Africa (MENA) market. With expertise in implementing complex solutions relating to Financial Consolidation, Planning, IFRS16, IFRS17,IFRS19, Financial Accelerators, ALM, and Treasury, SAM Group is confident of adding value to the MENA area by supporting the significant enterprise solution implementations initiative through its hub office in Dubai.
"Having a well-laid foundation, capable and qualified pool of resources, strong infrastructure, and robust business processes in place, we are excited for the next level in SAM Corporate's journey," said Dr Sunil.
He says, "The MENA region has been abuzz with high level of activities on FinTech domain, several government and private initiatives is leading to explosion of activities on FinTech, thus an investment at this juncture brings SAM Corporate enhanced capabilities to offer niche solutions and services in the area of FinTech."
The key move is spearheaded by marquee Indian investor Sanjay Teli, who says, "I have been silently associated with the SAM Corporate team for over five years. I am now well-versed with the firm's DNA, intellectual solutioning and complex implementation trajectory. My purpose of associating with SAM formally was from both short-term and long-term growth perspectives and keenness on further growing geographically given the global network I have garnered and nurtured for almost three decades. I will persistently endeavour to bring seasoned professionals on board at SAM, and coach and mentor them to walk the success ladder."
Ramesh S Ramakrishnan, Chairman, Transworld Group says, "We are excited to partner with SAM Corporate in the next leg of the journey of domestic as well as international expansion. With the introduction of corporate tax in the UAE, organizations will require robust digital systems and processes for reporting and analysis across all industries. We believe SAM Corporate is well-placed to provide customized solutions from leading OEM software players globally. We look forward to working with Dr. Sunil and the entire team at SAM Corporate going forward".
Marc Gillis, co-founder, SAM Corporate said, "Having Transworld as investors is absolutely great as the group brings in the required capital, geographical reach, and business know-how to expand our portfolio of niche FinTech Products and Services. Having a well-laid foundation, capable and qualified pool of resources, strong infra, and robust business processes in place, we are excited for the next level in SAM Corporate's journey and are proud to have Transworld with us in our journey now."
