The Quiet Winners of the UAE's Tech Gold Rush
Let’s be honest, whenever a new investment trend pops up, most people flock to the flashiest names. In the UAE’s burgeoning fintech scene, that means shiny new trading apps and slick robo-advisors. It’s all very exciting, a bit like a modern-day gold rush. But I’ve always been a bit of a cynic. I find that during a gold rush, the people who reliably get rich aren't the hopefuls panning for gold, but the chaps selling the picks, shovels, and sturdy trousers.
The same logic, to my mind, applies perfectly to the UAE's financial technology boom. While everyone is trying to guess which consumer platform will come out on top, the smart money might be looking at the companies providing the essential, unglamorous plumbing that makes the whole system work. These are the firms laying the digital railway tracks, and they get paid every time a train runs, regardless of its destination.