Network International and Magnati announce strategic merger

New entity created to become the leading fintech across the Middle East & Africa

Network International, a leading fintech company across the Middle East and Africa (MEA), and Magnati, a leading payment solution provider in the UAE, recently announced the completion of their strategic merger under the ownership of a Brookfield-led consortium.

The merged entity will operate under the name Network International. With an expanded suite of solutions, ranging from digital payments and data-driven insights to SME lending and advanced fraud prevention, the merged entity is well-placed to drive innovation, scale, and financial inclusion across the region.

The company will continue to collaborate with governments to accelerate digital transformation and expand access to financial services throughout MEA.

Dynamic fintech region

“The combined platform of Network International and Magnati will empower local merchants to thrive in one of the world’s most dynamic fintech regions,” stated Hadi Badri, Chairman of the Board, Network International.

“Together, we bring even greater value to our clients and partners through diverse product offerings, faster innovation, enhanced data and insights, and a stronger geographic footprint,” commented Murat Cagri Suzer, Group CEO, Network International.

The integration of both businesses will take place in a phased manner, and their brands will continue to co-exist for the time being.