Dubai's Lune Secures $1.5M Funding Led by DFDF for Expansion
In 2022, Lune secured $850,000 in a pre-seed round from DFDF and Flat6Labs.
Dubai-based data analytics startup, Lune has closed a $1.5 million Seed round. The financing was spearheaded by the Dubai Future District Fund (DFDF), with contributions from Plus Venture Capital, Reach International, and Judah Ventures. Additional support came from select family offices and angel investors.[1]
Established in 2020 by Helal Tariq Lootah and Alexandre Soued, Lune specializes in transforming transaction data into actionable insights for banks, fintechs, and financial institutions. Offering a plug-and-play API solution, Lune helps its clients enhance user experiences across their financial products.
Lune's transaction data enrichment solution employs automated categorization and brand identification, simplifying end-user data navigation.
Beyond user-facing features, Lune equips financial institutions with money management tools, helping customers monitor spending, manage budgets, and set financial goals. Additionally, Lune provides analytics capabilities to aid in credit risk analysis and trend forecasting.
Currently serving clientele in the UAE, Saudi Arabia, and Bahrain, Lune has plans for expansion into Oman, Qatar, Kuwait, and Egypt.
Also, Lune is poised to partner with a GCC payments firm to bolster its regional presence.
In 2022, Lune secured $850,000 in a pre-seed round from DFDF and Flat6Labs.