Mintoak, an Indian fintech SaaS company, has acquired ICC Loyalty, a loyalty technology firm based in Dubai. This strategic acquisition is set to broaden Mintoak's international presence, extending its operations to more than 20 countries.
This transaction represents a significant exit for a Dubai-headquartered tech company and underscores the growing attractiveness of local startups for international acquisitions. It also highlights consolidation and growth within the loyalty and embedded finance sectors.
