Finvasia to Establish ZuluTrade’s Regional Headquarters in the UAE

The Finvasia Group, which owns a portfolio of contracts for difference (CFD), blockchain and healthcare brands, is going to establish regional headquarters in the United Arab Emirates for five of its brands: ZuluTrade, Blockmaze, CapitalWallet, OneVault and Jumpp.

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The UAE Wants Fintech

The move came under the UAE’s NextGen FDI initiative, which is aimed at attracting digitally enabled companies, particularly those in advanced technology sectors, to establish and expand their presence within the country.

“The establishment of these pioneering companies in the UAE through the NextGen FDI initiative,” said Dr Thani bin Ahmed Al Zeyoudi, the UAE’s Minister of Foreign Trade, “highlights our commitment to fostering an environment that supports cutting-edge technology and reinforces the UAE's status as a global hub for innovation in financial technology and digital infrastructure.”

ZuluTrade is a copytrading platform that Finvasia acquired in 2021. Interestingly, the establishment of its GCC headquarters in the UAE came at the same time as a rise in demand for contracts for difference (CFDs) among retail traders in the region.

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Blockmaze, meanwhile, offers blockchain and digital asset infrastructure services, while CapitalWallet is a digital asset and payments infrastructure company. OneVault, on the other hand, is a financial infrastructure platform that links traditional banking with the digital economy. Lastly, Jumpp is an India-based AI-powered conversational fintech super app.

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The Clear Rules Are a Boon for the Companies

“What’s impressive about the UAE is how its policies are lived out on the ground,” said Sarvjeet Virk, Co-Founder & Chief Managing Director of Finvasia Group. “From licensing frameworks to digital infrastructure and an openness to experimentation, it makes for the perfect base for our teams building social platforms, blockchain networks and digital payment systems.”

Meanwhile, many CFD brokers have also expanded into the UAE, particularly in Dubai. A majority have established a physical presence there, while many have obtained local licences to operate either as a broker or an introducing broker.

“The UAE’s NextGen FDI and D33 Agenda have placed the country as one of the world’s most forward-looking innovation hubs,” added Tajinder Virk, Co-Founder & CEO of Finvasia Group.