OMA Emirates, a technology centric company, announced to invest $3 million on start-ups out of a corpus of $23 of OMA Emirates Fintech Fund.

FinTech start-ups that have been in operation for 12 months or less will be taken into consideration by the company. The $20 million will be invested in other kinds of companies in the fintech space, it said on a statement.

The company firmly believes that innovation is the key today and that it is stepping stone for any company. “Nearly 60 to 65 per cent of Indian start-ups having tremendous potential to produce a great product cease operation primarily due to lack of funds,” says Niranj Sangal, Group CEO, OMA Emirates Group.

“The company aims to aid such fintech start-ups which we believe will be a credible asset to OMA Emirates.” he added.

OMA Emirates is a Middle-east-based fintech company that is committed to provide cutting edge technology solutions in the area of Card Personalisation, Payment issuance and payment acquiring systems.

OMA Emirates provide services designed to deliver a seamless customer experience across the entire life-cycle.