Kudo.com and Redpin push ahead with UAE plans with regulatory greenlights

Kudo.com lands UAE license

Kudo.com is pushing further into the Gulf. The trading platform has secured a Capital Markets Authority license to carry out promotion and introduction activities in the UAE as it expands its regional presence, according to a press release.

At the same time, Kudo is rolling out access to a range of GCC-listed stocks, allowing users to trade in companies across the UAE, Saudi Arabia, Qatar, and Kuwait through its platform, with Emaar, Adnoc Gas, Saudi Aramco, and Qatar National Bank among the options listed.

Blackstone-backed Redpin secures DFSA approval

Redpin targets property payments in UAE: Blackstone-backed fintech Redpin secured in-principle approval from the Dubai Financial Services Authority to process property payments in the Emirates, The Paypers reports. The firm intends to offer property payment solutions for developers and customers and aims to roll out its Redpin Platform as an alternative payment solution with lower FX costs than manual processes.