Zicuro Technologies Pvt. Ltd., a financial technology company that provides back-office software solutions for derivatives market participants, has partnered with Cosmos Group to enhance the capital market infrastructure in developing countries. The collaboration aims to streamline and modernize the capital market infrastructure, which will attract foreign portfolio investments in emerging economies.
The partnership between Zicuro Technologies and Cosmos Group will offer comprehensive solutions tailored to the unique needs of developing countries and emerging economies. Zicuro has deep financial markets understanding and expertise, while Cosmos Group brings international project handling capabilities, making the collaboration well-suited to the task.
The collaboration is expected to focus on countries such as Kenya, Nicaragua, Tanzania, and Algeria, which could present a market potential of USD 50 million, with Zicuro aiming for a 10% market share of approximately USD 5 million by 2025.
Zicuro Technologies has already successfully commissioned Custodial Services solutions for one of India’s largest private sector banks in the Gift City and is finalizing similar arrangements with other private sector banks having a presence in the Gift City.
Abhishek Bansal, the promoter of Zicuro and founder of Abans Holdings Ltd (NSE: AHL), said, Expanding into the international market is a significant milestone for Zicuro Technologies. We are delighted to partner with Cosmos Group for our global expansion plans. Indian FinTech companies have emerged as drivers of the Indian Financial Markets, and we are taking this expertise to the global stage. The economies in developing companies will be able to strengthen their capital market infrastructure, enabling them to attract investments, foster economic growth, and drive financial inclusion.
Zicuro Technologies, led by visionary entrepreneur Abhishek Bansal, has gained recognition for its secure and comprehensive systems catering to Custodians, brokers, trading desks, and banks. The advanced features offered by Zicuro’s solution, ranging from trading and risk monitoring to regulatory reporting and compliance, provide market participants with a hassle-free experience in trade settlement across various asset classes.
Cosmos Group, an ISO 9001-2015 certified company, brings extensive experience in design, engineering, procurement, and commissioning of turnkey projects, which has excelled in various sectors, including healthcare, infrastructure development, agriculture, ports, renewable energy, and biofuels. The company has a proven track record of integrating with global markets and adhering to international standards.
Zicuro Technologies is the FinTech arm of Abans group, which has business interests in financial services, FinTech, bullion, pharma, real estate, commodities trading, asset management, and NBFC across India, UK, UAE, and Mauritius. The company aims to provide secure and reliable software solutions for the financial sector.
