
Aurem
Financial tools to empower expatriates to live, work and retire anywhere.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
$4.0m | Seed | ||
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Aurem, a fintech company founded in 2022, is the first unified workplace wealth and benefits technology platform in the United Arab Emirates. The company was established by a team with extensive experience in the financial industry, aiming to redefine retirement and wealth technology.
Aurem operates in the UAE market, targeting employers as its primary clients. The company's business model revolves around providing a comprehensive platform for managing employee benefits, with a particular focus on the End of Service Benefits (EoSB) reforms, a market opportunity valued at over $100 billion. Aurem's platform is licensed by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), a significant milestone that underscores its credibility and regulatory compliance.
The core of Aurem's offering is a technology-driven platform that integrates various financial products and services. It provides employees with access to gratuity, savings, and investment options, as well as insurance products. The platform is designed to bridge the gap between workplace benefits and personal finance, creating a seamless and rewarding experience for users. Key features include a gratuity calculator and an allowances tracking tool, which empower employees to better manage their financial well-being. By offering app-based savings and investment solutions, Aurem helps individuals work towards their long-term financial goals.
Keywords: workplace wealth, benefits platform, end of service benefits, gratuity, savings, investments, financial technology, UAE, employee benefits, wealth management