Network International and Magnati Complete Merger to Form UAE Fintech Champion
With an expanded suite of solutions, ranging from digital payments and data-driven insights to SME lending and advanced fraud prevention, the merged entity is well-placed to drive innovation, scale, and financial inclusion across the region.
Network International, a leading fintech company across the Middle East and Africa (MEA), and Magnati, a leading payment solution provider in the UAE, announced the completion of their strategic merger under the ownership of a Brookfield-led consortium.
The merged entity will operate under the name Network International LLC. With an expanded suite of solutions, ranging from digital payments and data-driven insights to SME lending and advanced fraud prevention, the merged entity is well-placed to drive innovation, scale, and financial inclusion across the region. The company will continue to collaborate with governments to accelerate digital transformation and expand access to financial services throughout MEA.
“This merger creates a UAE homegrown fintech champion for the Middle East and Africa region with attractive opportunities for growth and innovation. The combined platform of Network International and Magnati will empower local merchants to thrive in one of the world’s most dynamic fintech regions.”
– Hadi Badri, Chairman of the Board, Network International
“By uniting two leaders with deep regional expertise and capabilities, we are creating a fintech platform with the scale, technology, and talent to shape the future of digital commerce across the region. Together, we bring even greater value to our clients and partners through diverse product offerings, faster innovation, enhanced data and insights, and a stronger geographic footprint.”
– Murat Cagri Suzer, Group CEO, Network International
The integration of both businesses will take place in a phased manner, and their brands will continue to co-exist for the time being.
