Altery Secures Dubai Licence, Eyes MENA Expansion with Fintech Solutions

Malaz Madani

Last updated 24-06-2025

3 min

Altery Ltd has secured a regulatory licence from the Dubai Financial Services Authority (DFSA).

This licence allows customers to use UAE dirhams (AED) and other Gulf currencies locally.

Altery's multi-currency account system supports both fiat and cryptocurrencies.

The licence is a major step in Altery's global strategy for compliant financial hubs.

Altery's approval in Dubai enhances its credibility and future growth prospects in MENA.

When it comes to fintech firms eyeing new and strategic markets, securing a trusted regulatory licence certainly ranks as a top priority. UK-based fintech startup Altery Ltd recently ticked off that crucial milestone by announcing its MENA subsidiary, Altery MENA Ltd, has bagged a regulatory licence from the Dubai Financial Services Authority (DFSA). And believe it or not, this actaully signifies a pretty important step in their grand plan to build compliant financial hubs around the world.

Why MENA, though, you might wonder? Well… I mean, it's hardly rocket science. The Middle East—and the UAE in particular—is famous for being ahead of the curve when it comes to digital payment adoption and proactive financial regulation. Companies, big and small, have consistently been lured here by Dubai’s reputation as a fintech-friendly destination. Altery clearly isn't missing that trick.

With the DFSA's nod, Altery MENA is good to go, authorised to let customers collect and spend funds locally in UAE dirhams (AED) and other Gulf currencies within the region. It won’t yet cover crypto or international money transfers, mind you, but it still opens doors. Crucially, this initial licence gives Altery the regulatory legitimacy it needs, allowing the firm to onboard users and lay down solid compliance roots for future expansion.

Personally speaking (and Arageek readers will know exactly what I mean), I'm always chuffed to bits when startups manage to navigate regulations effectively. Even if I'm not a fan of all those regulation hoops—it’s a bit of a faff sometimes—there’s no denying their importance to gaining customer trust.

At the moment, Altery is working closely alongside the DFSA. They're crossing t's and dotting i's to make sure they’ve nailed compliance, operational and tech aspects before their official market entrance.

On the flip side, in terms of Altery’s broader push internationally, it seems like securing the DFSA licence is a clear strategic milestone. It sends a strong signal that they're serious about following international standards, and determined to provide secure and innovative solutions within robust regulatory frameworks.

At the heart of Altery’s offering lies a nifty multi-currency account system which claims to simplify how businesses move money across borders. What makes their proposition unique is its combined support for both traditional fiat currencies and cryptocurrencies, bridging the old world and the new smoothly—exactly the kind of tech-based flexibility MENA startups and companies often crave.

All in all, I reckon getting this regulatory licence in Dubai marks a major turning point for Altery, helping to cement their credibility and paving the way for successful future growth across the region. Good luck to them, I say.

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