Unimoni Acquires UAE Based Mawarid Exchange

Unimoni, an Indian financial services provider, has announced that it has acquired Mawarid Exchange, a UAE-based currency exchange company. The acquisition will enable the company to expand its operations in the UAE. Unimoni provides services such as remittance, foreign exchange, and payment products.

Since the acquisition, Mawarid Exchange has been rebranded as Unimoni Exchange LLC. In order to provide flawless services to customers and streamline operations through innovative financial technology platforms in the MENA region, Unimoni has partnered with many prestigious organizations.

“The acquisition of Mawarid Exchange is the latest of several M&A transactions our group is working on as part of the overall strategy of market consolidation,” said Sam Cherian, CEO of Unimoni Investments LLC. The acquisition would help the group expand its presence in the UAE and become the market leader in the near future.

“We are very excited about the opportunities that lie ahead as the market grows, and we are launching new and innovative products and channels to our customers,” Sam said.

Unimoni provides various financial services to millions of customers in India, Oman, Qatar, Uganda, and Seychelles and is expected to expand its operations across Jordan, Kuwait, Saudi Arabia, and Bahrain.