Astra Tech

Astra Tech is a technology investment and development company based in the United Arab Emirates. It operates in the MENA region.[1][2][3]…

Astra Tech
TypePrivate
IndustryTechnology
Founded2022
HeadquartersAbu Dhabi, United Arab Emirates
Area served
MENA region
Key peopleTariq Bin Hendi (CEO and Board Member)
Websiteastratech.ae

Astra Tech is a technology investment and development company based in the United Arab Emirates. It operates in the MENA region.[1][2][3]

The company owns several technology businesses, including PayBy,[4] Rizek, Botim, and Quantix LLC. Astra Tech developed the Botim Ultra app, which has over 150 million users in 155 countries.

In 2023–2024, Botim became the most issued fintech card in the UAE. In July 2024, Astra Tech's Quantix became the first fintech to receive a Finance Company License from the Central Bank of the United Arab Emirates. In December 2024, the American investment fund Citi invested $500 million in Quantix, marking the largest funding for a UAE-based fintech at that time.[5][6][7]

References

  1. ↑ Parasie, Nicolas (11 December 2024). "UAE Fintech Gets $500 Million Asset-Backed Facility From Citi". Bloomberg. Retrieved 2025-09-24.
  2. ↑ "مقابلة مع مؤسس شركة «أسترا تك» الإماراتية حول استراتيجيات تبني الذكاء الاصطناعي في الشركات". إم آي تي تكنولوجي ريفيو (in Arabic). 2024-03-11. Retrieved 2025-09-24.
  3. ↑ Nair, Manoj (2024-11-12). "Astra Tech founder Abdallah Abu Sheikh is selling his stake, steps down as CEO". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved 2025-09-24.
  4. ↑ ""أسترا تك" تتعاون مع ماستركارد لتقديم حلول دفع رقمية جديدة". SkyNews Arabia (in Arabic). March 13, 2023. Retrieved 2025-02-13.
  5. ↑ "تطبيق بوتيم يتكامل مع منصة فيلو لتوفير التعليم بالفيديو لملايين الطلاب". arabic.arabianbusiness.com (in Arabic). 2024-04-19. Retrieved 2025-09-24.
  6. ↑ Nagraj, Aarti. "Abu Dhabi's Astra Tech unit gets $500m funding from Citi". The National News. Retrieved 2025-09-24.
  7. ↑ Nair, Manoj (2024-12-11). "Astra Tech owned Quantix gets UAE's biggest financing for a fintech". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved 2025-09-24.


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