UAE fintech company Foloosi Technologies has received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE), marking a key step in its regulatory journey.
According to the company, the approval follows extensive preparation focused on compliance, governance and responsible growth in the UAE’s digital payments ecosystem. Foloosi said it is now working to complete the remaining regulatory requirements before progressing to the final licensing stage.
The company also plans to integrate AI-driven capabilities into its payment solutions as it enters its next phase of growth. Foloosi said these efforts will focus on building smarter experiences for businesses across the region.
The company credited its leadership and wider team for reaching the milestone, while thanking the CBUAE for its regulatory guidance.
Source: LinkedIn
