The Dubai Financial Market (DFM) on Thursday launched an upgraded iVestor app, a digital platform aimed at providing retail investors with more accessible and more efficient financial management. The iVestor App offers comprehensive features to make investment and money management more accessible, efficient, and engaging for retail investors.
The iVestor app complements ARENA, the integrated capital-raising platform for private investments which debuted on the first day of the summit on May 1. ARENA offers a private offering alternative to IPOs for family businesses, growth companies and private companies, providing them access to capital through diverse assets, including equity and debt, with plans to introduce additional asset classes.
The iVestor app allows direct subscription in IPOs and ARENA opportunities. Moreover, the app provides investors with a convenient snapshot of their securities portfolio with DFM and their market value.
Developed with Emirates NBD and Network International, the app facilitates money transfers, saving goals, virtual cards and children’s accounts. It integrates with the xCube trading app for immediate trading and simplifies bill splitting. The iVestor app aims to empower users in financial control while providing access to capital market investments.
“We are pleased to introduce the upgraded iVestor App, marking a significant step forward in digital financial management for investors,” noted DFM’s CEO, Hamed Ali. “The evolved iVestor app will serve as an integral component of ARENA, integrating with the market platform for initial private offerings. By harnessing technology and fostering collaboration, we are reshaping the marketplace to be more inclusive and efficient for all stakeholders.”