Mintoak Acquires UAE-Based ICC Loyalty To Expand Fintech Stack For Banks

by · Inc42

SUMMARY

  • Fintech startup Mintoak has acquired Dubai-headquartered ICC Loyalty to add loyalty and rewards capabilities to its banking platform and expand its presence across the Middle East, Africa, Eastern Europe and South East Asia
  • The acquisition signals Mintoak's shift beyond merchant payments towards helping banks monetise payment data through AI-powered customer engagement, loyalty and merchant insights
  • The acquisition positions Mintoak to evolve from a merchant payments platform into a full-fledged payments and engagement OS for banks by combining merchant payments, consumer loyalty and AI-driven data intelligence under one platform