On February 21, GameCentric, a gaming start-up based in the UAE, successfully raised AED 6 million (USD 1.5 million) from Dubai-based angel investor Bilal Merchant.
GameCentric is a gaming platform "built by gamers and for gamers". It is officially launched after completing financing on December 1, 2023.
The funds will be used to improve and expand the GameCentric platform globally, expanding its influence beyond the Middle East and North Africa region and revolutionizing the gaming experience for players around the world. Specifically, GameCentric plans to use the funding to triple its user base in the Gulf Cooperation Council(GCC) and MENA regions, which is expected to reach 88 million gamers by 2026. In the future, GameCentric will develop into a web3 platform that integrates cryptocurrencies in 2025 to create compelling new gaming-changing trends for brands and gamers.
Regarding this round of financing, GameCentric CEO Saad Khan said: "Our robust vision, coupled with a sound business model and an experienced management team, resonated with Angel Investor Bilal Merchant. His recognition of the immense potential within GameCentric drove his decision to invest. We aspire to be more than just a gaming platform, aiming to become a cultural phenomenon through collaborations, community-driven programs, and an unwavering commitment to providing the best user experience."
In line with its vision to "change the industry", GameCentric plans to adopt new technologies to stay competitive and introduce new products to brands, game publishers and players as it aims to become a digitally native platform and integrate digital asset capabilities, including by 2025 Integrate the implementation of cryptocurrencies.
In line with its vision of "delivering superior gaming experiences," GameCentric has developed community-driven plans aimed at increasing player engagement on the platform and plans to partner with well-known game publishers.
Investor Bilal Merchant said, "GameCentric’s visionary strategy in seamlessly connecting brands with gamers, coupled with their unwavering commitment to integrating cutting-edge technologies such as crypto and Web3, has left an indelible impression on me," said businessman and investor Bilal Merchant. “Their innovative approach positions them as disruptors in the gaming landscape, poised to create a distinctive and rewarding experience for players worldwide."