Five FS launches in the United Arab Emirates and Saudi Arabia with $3.5 million in funding to enable better rates for financial services

Bogdan Atanasiu, CEO and Founder of Five FS

Five FS solutions

Five FS solutions

Embedded Five - for merchants

Embedded Five – for merchants

Five FS allows users to access better rates for the 5 essential financial services (loan, mortgage, deposit, insurance and leasing).

DUBAI, UNITED ARAB EMIRATES, October 10, 2022 /EINPresswire.com/ — We announce the launch of Five FS (Five Financial services) in the UAE and Saudi Arabia markets starting today, alongside our $3.5m investment round led by Zeyshare Ventures, at a $30m valuation.

Five FS is founded by serial entrepreneur Bogdan Atanasiu, founder and CEO of Octobank, a recently acquired European digital bank.

Five FS enables users to access better rates for the 5 essential financial services (loan, mortgage, deposit, insurance and leasing) by putting regional financial institutions in direct competition for each request via our call process. exclusive offers. We all know that it is almost impossible for someone to request a personalized offer from all financial institutions, and especially to successfully negotiate a better rate.

Whenever someone needs any of the 5 financial services, they can simply create an account on Five.ga, and add a request. Within 24h or 48h (depending on the service), our partner financial institutions will compete in a bidding process to ensure that our users receive the best possible rate. Users have the opportunity to choose the offer that appeals to them the most. And it’s free.

There is also a feature for companies, called Embedded Five, which allows them to easily integrate our solutions into their offer to allow their customers to access better prices for the 5 financial services. Our partners include merchants (e-commerce and physical stores), service providers, real estate and automotive companies, as well as many other categories. The implementation on the business side can be done very quickly in 1 minute, and very simple by adding our customizable digital button or QR code. Another advantage for companies is that they can earn a commission for each financial service completed by their users through our platform.

Five FS is currently available in the UAE and Saudi Arabia markets, and we will continue to expand our solutions in the region over the next period with the goal of becoming the global To-Go place for users to access better prices for financial services. .

Bogdan Atanasiu, Founder and CEO of Five FS: “Given the current and upcoming economic situation, Five FS comes as an answer to people’s need for more affordable financial services, whether it is access to a loan, mortgage, insurance or even a lease. We have launched a unique solution, initially available in the United Arab Emirates and Saudi Arabia, which brings regional financial institutions to the same table to allow our individual users to get a better rate for the financial service they want. The benefit for users is obvious – better rates and the ability to access them quickly and simply – but there is also a benefit for our partner financial institutions for whom Five FS functions as a customer acquisition channel.

We also have advantages for businesses with our Embedded Five feature, as they can have an additional source of revenue by earning commissions for each of their customers who access a financial service through Five FS, and on top of that, our solutions can help them successfully complete a transaction in the case of, for example, merchants, real estate agents or car dealerships, by including in their offer the possibility of accessing better financing rates and rental options.

The seed funding will be used to continue product development, including the development of a digital wallet and the launch of a debit card, which will make it much easier for our users to use our current solutions.

Robert Krause
Five FS
[email protected]