Breaking News
Mantas Secures In-Principle Approval for Category 4 Licence in the UAE
Mantas, a pioneering insurtech, received In-Principle Approval (IPA) for a Category 4 licence from the Dubai Financial Services Authority (DFSA). This enables Mantas to operate as a regulated Managing General Agent (MGA) upon the issuance of the full DFSA licence.
This key milestone bolsters the company’s mission to protect cloud-reliant businesses across the MEA region through next-generation parametric insurance solutions.
When the in-principle approval conditions are met, Mantas will receive the DFSA licence of the category 4 with the following financial services:
- Insurance Intermediation Services
- Insurance Management
Mantas is the MEA’s first parametric MGA leveraging predictive analytics to build smarter insurance products that support digital service delivery and embedded business models.
Basil Mimi, Co-founder and CEO of Mantas said: “Every business in the MEA region relies on the cloud yet too few are protected against its failures. We look forward to working with the DFSA to obtain our full licence, allowing us to launch our services and continue developing solutions that turn business downtime into a managed, predictable event.” He added, “Our R&D won’t stop until business disruption is no longer part of the vocabulary”.
Yousef Hamza, Investor and Board Member at Mantas, added: “Securing in-principle approval from the DFSA marks a pivotal step in Mantas’ journey to redefine cyber risk protection in the region. As digital infrastructure becomes the backbone of modern business, we believe Mantas is uniquely positioned to lead the future of insurtech with precision, trust, and innovation”.
People In This Post
Companies In This Post
- dLocal and Tiendamia Partner to Drive Cross-Border eCommerce Growth in Latin America Read more
- Eltropy Platform Now Integrates with Over 50 Core Systems and Essential Fintech Solutions Read more
- Finzly Announces Integration With Q2’s Digital Banking Platform Read more
- Midas Secures $80 Million Series B, Marking Turkey’s Largest-Ever Fintech Investment Read more
- Modernising Payments: How Are Banks in EMEA Shaping Up? | Part 1 | Volante Technologies Read more
Mantas Secures In-Principle Approval for Category 4 Licence in the UAE
Mantas received In-Principle Approval (IPA) for a Category 4 licence from the DFSA in the UAE
Concirrus Becomes First Insurtech to Earn Triple AI, Security and Data Trust Certifications
Concirrus, the leading AI insurtech transforming specialty underwriting and AI submission automation, today announced it has achieved ISO/IEC 42001 (AI Governance), ISO/IEC 27001 (Information Security Management), and SOC 2 compliance – becoming the first insurtech worldwide to secure all three internationally recognised certifications.
Insurers Champion Technology Yet Struggle with Implementation
All UK insurers recognise digital platforms as vital to their operations, yet many remain frustrated with their current technology's ability to deliver, according to new research from Covernet.
CapBridge Partners Singlife to Launch First Foray into Insurance Distribution to SMEs and Investors
CapBridge and Singlife announced a partnership to offer tailored insurance solutions to CapBridge clients
RainSure Breaks New Ground: Insurance That Pays Out Starting at .01 Inches of Rain
Vortex Weather Insurance is pleased to introduce RainSure, the latest addition to their parametric rain insurance products
DataHaven Software Selected for 2025 InsurTechNY Match Program
DataHaven today announced its selection to join the 2025 InsurTech NY Match Program
Concirrus Becomes First Insurtech to Earn Triple AI, Security and Data Trust Certifications – Setting a New Standard for Responsible Underwriting
Concirrus has achieved ISO/IEC 42001 (AI Governance), ISO/IEC 27001 (Information Security Management), and SOC 2 compliance
dLocal and Tiendamia Partner to Drive Cross-Border eCommerce Growth in Latin America
dLocal (NASDAQ: DLO), the leading cross-border payment platform connecting global merchants to emerging markets, has partnered with Tiendamia.
Eltropy Platform Now Integrates with Over 50 Core Systems and Essential Fintech Solutions
Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced that its unified offering, Eltropy One Platform, now features over 50 integrations with essential systems used by credit unions and community banks. This expanded ecosystem equips CFIs to boost operational efficiency and deliver more valuable experiences for their members and customers.
Finzly Announces Integration With Q2’s Digital Banking Platform
Finzly, a provider of modern payment infrastructure for financial institutions, today announced an integration with Q2's Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending. Finzly's payment experience enables financial institutions to let their account holders send and track cross-border, domestic, and instant payments without leaving the digital interface.
Midas Secures $80 Million Series B, Marking Turkey’s Largest-Ever Fintech Investment
Midas, Turkey's leading investment platform, has raised $80 million in its Series B funding round, the largest investment ever secured by a Turkish fintech company. This brings Midas' total funding to date to more than $140 million.
Modernising Payments: How Are Banks in EMEA Shaping Up? | Part 1 | Volante Technologies
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Andaria Partners With tell.money to Support European Verification of Payee (VoP) Rollout, Building on Successful UK CoP Delivery
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Connected Banking Summit 2025- Advancing Innovation and Financial Inclusion Addis Ababa, Ethiopia
The 23rd Edition Connected Banking Summit – Innovation & Excellence Awards 2025 was a defining moment in Ethiopia’s journey toward financial inclusion and digital transformation. The summit united policymakers, banking leaders, fintech innovators and technology providers to shape the future of Ethiopia’s financial ecosystem.