Fin Tech Focus

Smart money manager

December 11 - 17 , 2019

Gulf Weekly Smart money manager

Palestinian woman Shurouq Qawariq, alongside Nabil Parkar and Juan Manuel Balcazar, founded Rumman, one of the first women-led FinTech companies in the region to offer people with personalised, digital wealth management and savings solutions.

The aim of Rumman is to offer those that need financial assistance with savings and investment services.

As the Ramallah-based entrepreneur informed The Media Line site: “Eventually, we would love to be a digital bank that allows users to invest in the stock market as well as in socially conscious projects.

“We have a prototype that we will be testing in the first quarter of 2020 with users in Jordan, where we have a partnership with a bank to launch our pilot.”

Shurouq, who has a Bachelor’s degree in anthropology and psychology, with a minor in Japanese, from Earlham College in Richmond, Indiana, has always been passionate about numbers and a financial analyst which is why she became interested in FinTech. She also received an MBA and a Master’s in financial economics from Queen Mary University of London.

She and her team aim to have the Rumman mobile app downloaded by one of every three phones in the Middle East and North Africa between the ages of 15 and 55 by 2026.


More on Fin Tech Focus