Dubai Financial Market unveils new digital platform, app ‘iVestor’

The Dubai Financial Market (DFM) announced the launch of the upgraded stand-alone iVestor App, a digital platform set to offer digital financial management for investors.

The iVestor app allows direct subscription in IPOs and Arena opportunities and underscores DFM’s commitment to enhance investment accessibility and efficiency in the region. Moreover, the app provides investors with a convenient snapshot of their securities portfolio with DFM and their market value.

Developed in collaboration with Emirates NBD and Network International, the iVestor card, initially introduced in 2010, improved dividend receipt for investors. Today, the newly evolved iVestor App expands its functionality, empowering users with a comprehensive suite of features designed to streamline financial management.

The app allows investors to onboard seamlessly, subscribe to both public and private offerings, track spending, monitor their securities portfolio and conveniently manage dividends - all through their smartphones.

Additionally, the app facilitates easy top-ups and transfers, allowing users to send and receive money between iVestor accounts in just a few clicks. Users can create saving goals with automated actions that align with their financial objectives and apply for virtual cards for secured online shopping. Investor’s can also onboard their children on iVestor and help them build their financial knowledge through IPO investments and track their spending within the configured limits.

Moreover, the app is seamlessly connected with the xCube trading app, enabling users to transfer funds and commence trading immediately. The app also simplifies shared expenses, allowing users to split bills.

The iVestor app is built to empower users to take control of their finances, while also offering unparalleled accessibility to capital market investment opportunities on a secure and convenient platform.

DFM’s CEO, Hamed Ali, commented, “We are pleased to introduce the upgraded iVestor App, marking a significant step forward in digital financial management for investors. The platform reflects our commitment to delivering seamless solutions to our valued investors, enhancing their digital investment experience.

“The evolved iVestor app will serve as an integral component of ARENA, integrating with the market platform for initial private offerings. By harnessing technology and fostering collaboration, we are reshaping the marketplace to be more inclusive and efficient for all stakeholders.”

Dubai Financial Market unveiled recently its flagship initiative, ARENA by DFM, an innovative platform for Initial Private Offerings, at the second edition of the MENA Capital Market Summit. Designed to catalyse growth opportunities for both companies and investors, DFM ARENA represents a pioneering approach to capital raising and investment within the MENA region.

It provides a platform for a wide range of private companies, including family conglomerates, Small and Medium Enterprises, and businesses at various growth stages. Through this platform, companies can access capital through diverse assets including equity and debt with plans to introduce additional asset classes. Additionally, venture capital firms can expand their investor base by selling private market shares, thus establishing a previously unavailable liquidity pool.

Additionally, privately listed companies on ARENA will have the option of limiting investor’s access to institutional investors, employees-only, or family and founding members, offering a unique pre-IPO listing option.

For companies seeking to raise over Dhs35 million, ARENA offers cost-effective access to an extensive network of investors and fosters a collaborative approach with transparency throughout the process. Serving as a regulated alternative to conventional financing routes, ARENA empowers private enterprises to access capital markets directly and engage with DFM’s purpose-built book-building process. With streamlined offerings, including memorandum review and timelines, issuers can significantly reduce transaction costs.

For investors, DFM ARENA provides exclusive access to DFM private market investments, including early-stage growth opportunities to diversify their investment portfolios.

Hamed Ali emphasised the significance of the initiative, stating, “The announcement of ARENA marks a pivotal moment in DFM’s commitment to providing issuers with a transparent and streamlined avenue for capital raising. The platform combines the advantages and efficiency of direct listing with the DFM’s diverse investor base and capabilities.

“Additionally, it enables investors to easily access private investments in the UAE’s most promising companies and brands, unlocking investment opportunities that were previously inaccessible. Furthermore, ARENA acts as a catalyst for enhancing the funding ecosystem for growth companies, paving the way for a more vibrant and inclusive investment ecosystem.”