Technology is the future. We are active in various markets as a technology partner focused on mobile money.
After solidifying its position as a global leader in international trade finance, Royal Trade Alliance is now venturing into the Technology sector in Africa and in the United States. We acquired a majority stake in an upcoming African mobile money venture and established a long-term strategic partnership with MIT Ventures, a Silicon Valley-based venture-building company that operates in the US and in West Africa. Through this partnership, Royal Trade Alliance is now building ventures that will reshape the African technology space. Specifically, Royal Trading Alliance believes that mobile technology is a cataclyst for development. Whether it is mobile application development or mobile payment deployment, Royal Trading Alliance partners with innovators and entrepreneurs that have the ability and the skills to transform markets.
In Senegal, Royal Trading Alliance is part of the joint-venture that is launching Galaxy Mobile, a smartphone service retail store and global brand created by MIT Ventures and Inovit Group. This joint-venture and international franchise will provide professional smartphone unlocking, repair and application services. With its first store opening in Almadies, Senegal’s most affluent neighborhood for Christmas, Galaxy Mobile will soon be one of the most recognized technology brands of Africa.
In 2015, Royal Trading Alliance will share offices with MIT Ventures in the heart of Silicon Valley near Palo Alto and Mountain View. This strategic move will help nurture new American technologies that will be deployed in Africa.