Tintra secures fintech services licence to operate in Qatar
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Tintra secures fintech services licence to operate in Qatar

Tintra secures fintech services licence to operate in Qatar

Tintra is using artificial intelligence and Web3 technologies to build a global, borderless banking infrastructure

Divsha Bhat
Tintra

Deeptech and banking company Tintra PLC has been awarded a fintech services licence to operate in the Qatar Financial Centre (QFC).

The company is using artificial intelligence and Web3 technologies to build a global, borderless banking infrastructure.

With a licence now granted, Tintra Middle East, a subsidiary of Tintra PLC, is set to open an office in Doha, and has begun recruitment for several positions for its local team in Qatar.

On the back of a 90 day project revolution that saw four patent applications and radical leaps forward in the timeline, the firm is now set to begin the 180 day project execution as it starts to build out its technology and banking platforms.

The news follows the grant of a payment intermediary services licence in Mauritius, awarded in April.

Richard Shearer, founder of Tintra, commented: “The Middle East is a core market for Tintra, so we were eager for a licence to be granted and begin developing our innovative infrastructure locally. My excitement for the future is matched only by the admiration I have for the team at Tintra, whose commitment to our mission is making tomorrow’s potential a reality today. I’d like to thank those at the QFC for taking the time to understand our model and our partners at Sharq Law Firm for their unwavering excellence and support.”

Read: DIFC-based fintech Tarabut Gateway receives DFSA licence

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