UAE-based Web3 gaming and edtech ecosystem PiP World has secured $10 million in seed funding from Exinity.
Founded in 2022 by Saad Naja, PiP World produces gamified solutions to improve financial education.
This investment will enable PiP World to expand its offerings and reach more users globally.
Tribe Techie has learnt that the startup and investor share the same leadership team.
Saad Naja, CEO & Founder of PiP World, stated, “We are excited to join forces with Exinity as we advance our mission to transform the way people learn about financial markets.
“This investment will enable us to expand our offerings and reach more users globally, particularly in the emerging markets where financial tools and knowledge are scarce.
“Our goal is to empower individuals with the financial knowledge and skills necessary to navigate the complexities of today’s economy and financial markets, and this partnership with Exinity brings us one step closer to achieving that vision.”
Exinity’s investment in PiP World is a strategic move aligned with its mission to provide the next generation with the tools and knowledge to succeed in the modern financial landscape.
Lex Webster, Managing Partner, Exinity, commented, “PiP World’s innovative approach to financial education through gamification is precisely the kind of forward-thinking solution that aligns with our vision.
“By integrating our robust financial and trading technologies with PiP World’s immersive gaming and learning environment, we are catalysing a paradigm shift in how financial literacy is perceived and attained.”
PiP World aims to tackle a significant gap in financial literacy, both globally and in the UAE.
The UAE’s financial literacy score of 30.7% is below the global average, highlighting the need for innovative educational solutions.
Globally, only 33% of adults demonstrate basic knowledge about financial markets, underscoring the limitations of traditional teaching methods.
With the rapid rise of DeFi and digital currencies, the gap between those who understand these concepts and those who don’t has widened.
PiP World’s integration into the Web3 gaming ecosystem is particularly timely given the Middle East’s growing prominence in this sector.
The UAE, especially Dubai, is rapidly positioning itself as a global hub for Web3 gaming.
With the region set to attract up to 100 million gamers and create a market worth an estimated $1 billion by 2025, the edtech is at the forefront of this transformation.
