Lune Technologies Raises $1.5M in Seed Funding

Lune Technologies, a Dubai, UAE-based financial data analytics company, raised $1.5M in Seed funding.

Backers included Dubai Future District Fund (DFDF), Plus Venture Capital, Reach International, Judah Ventures, and a group of unnamed family offices and angel investors.

The company intends to use the funds to accelerate further expansion of its MENA operations and consolidate its market position in the data-driven financial solutions market.

Lune provides financial data analytics solutions to simplify financial data for MENA based banks, financial institutions and fintechs. Its analytics tools enable businesses to drive revenue while delivering personalized experiences based on actual fact of spending and earning habits. Additionally, the solution provides a sustainability feature to allow clients by make carbon footprint estimates for each transaction.

Lune prioritizes data security by adhering to stringent industry regulations. This includes compliance with ISO 27001 and the GDPR.

FinSMEs

13/05/2024