RE: RNS10 Jul 2020 03:25
The company was established by the Indian-born former billionaire B. R. Shetty in April 2018.[3] Initial investments included UAE Exchange, which Shetty acquired in 1980, and Travelex, which was acquired in 2014.[3]
In October 2018, Finablr brands, Travelex and Swych, launched a cross-border shopping solution for WeChat Pay users.[4]
In November 2018, Finablr acquired India's digital payments firm TimesofMoney from Network International to capitalise on the growth of e-commerce.[5] Also in November 2018, Finablr became a majority shareholder of Swych, a digital gifting platform.[6][7]
In February 2019, Finablr announced collaboration with RippleNet for cross-border payments to process blockchain-powered cross-border transactions in Thailand.[8][9]