Digital Encom [www.digitalencom.com], a UAE based start-up with its unique Retail Operating System has crossed more than 500 million transactions equating to gross value of more than 10 Billion AED for the first time since it’s inception. Recently, Digital Encom has been valued at $50 Million valuation by DBS-CITI Asia Startup Valuation report. Valuation was based on the revenues, profit and loss ratio, return on equity and cash reserve. Company has declared cash reserves of over $3 Million and has set aside $5 Million for M&A to power the growth in 2024. Digital Encom is a shining light for a startup company moving into the high growth sector with impressive revenue pipeline, ROI. Digital Encom is developed as a retail operating system platform to provide technology-enabled solutions for the distribution of Digital goods, services, products like redeem vouchers (Gift cards) from a wide selection of respected brands. Digital Encom Operating system is focused on retail, B2B business, Telecom operators and enables distributors and merchants access to hundreds of digital brands to be sold through retail points of sale, to manage voucher inventory digitally, guarantee stock availability 24/7 and there is NO inventory to maintain or physical cards that can get stolen, a single wallet account to sell hundreds of digital brand codes through retail POS, Retail tills, Online channels etc.
Digital Encom is changing how digital goods are distributed said Founder and Director Christudas Dai and we process more than 500,000 transactions daily and is also utilising the services of Spectre System based in Qatar for transactions involving high computing and AI.
Christudas Dai the CEO of Digital Encom commented that this is an outstanding achievement by Digital Encom and look forward to achieving $100 Million Valuation in the coming FY. We are setting new goals for the future and will continue to leverage our technology to grow our company in what remains a large and growing market. Company’s has signed up with new clients in Qatar, Oman, KSA, Kuwait and Iraq.
Digital Encom is based in UAE and is 100% owned by FTEB FZ LLE. Digital Encom provides platforms and system to subscribe to Digital Services, Internet services and private communication services for clients based in UAE, Qatar, Oman and Africa.
