Centre Systems Group, the UAE-based Disruptive technology company; has recently secured a $4 Million Investment in their quest to expand their platform onto diverse domains. The Investors, MCube Holdings were looking to expand in the UAE and the investment in CSG has given them a fortuity to do so.
The investment will be used to accelerate its developments in its group companies with its foray into its establishment of its Cryptocurrency Exchange called CoinCULT, its NFT platform called DINERO to be established in Malaysia and Lithuania and their EV company One Moto in India.
With the investment already mobilized into multilateral developments, CSG is on the lookout for Series B investments to further amplify its projections, the company said.
Sameer Moidin – Partner with CSG, categorically mentioned that the company has already applied for license for the same in Lithuania and has the licensing process going on in Malaysia as well. With the licensing in Malaysia, CSG intends to create the first Shariah-based Crypto Currency Exchange. The launch dates for the platforms are expected to be announced soon and are predicted to be launched in the first quarter of 2022.
“It has been a very exhaustive process to secure the investments, our investors believed in our reputation, vision, and long-term strategy when they invested in CSG and we aim to direct it towards those goals,” said Group CEO Muzammil Riyaz.
Plans are also in place to build their in-house, state-of-the-art AI based GRC Software that has been much in demand in all categories of organizations internationally. With its multidimensional approach in direction of various sectors of technology CSG has built itself a strong profile for acquiring Series B Investment it seeks to acquire, the statement said.
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