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Botim owner plans buyouts in Egypt and India

Botim will become the 'largest' financial platform in the country in the next year, said CEO Abdallah Abu Sheikh

UAE technology firm AstraTech plans to expand across India, Pakistan and Egypt as part of its strategy to expand into international markets.

“Last month, we acquired a banking company in the Philippines as part of our global expansion, and now we are looking at the Indian, Pakistani, and Egyptian markets,” Abdallah Abu Sheikh, founder of AstraTech and CEO of Botim platform, told state-run WAM news agency.

He confirmed acquisitions in financial technology and social communication companies outside the UAE in the first quarter of 2024.

However, Abu Sheikh ruled out the need for a new financing round.

Botim, which was founded in 2018 and also has its headquarters in Dubai, is a VoIP (voice over internet protocol).