myZoi Financial Inclusion Technologies Ltd operates at the intersection of regulated finance and high-stakes digital payments, building a platform where a single breach doesn't just cost money - it cuts off a lifeline for migrant workers sending wages home. The threat model is concrete: protecting a digital wallet that facilitates instant salary disbursements and remittances to up to five family members, 24/7, across the UAE. The company holds two licenses from the Central Bank of the UAE - a Stored Value Facility (SVF) and a Retail Payment Services and Card Scheme (RPSCS) Category II - meaning compliance isn't a box-tick but an architectural constraint baked into every system decision.
Founded in 2022 and incubated under SC Ventures, the fintech has raised $14 million to build out its core products: the myZoi digital wallet, a Visa card for local payments and withdrawals, and a digitized payroll solution that integrates with employers' existing processes. The technical surface area spans mobile wallet security, payment processing infrastructure, payroll API integrations, and the regulatory reporting layers required to operate under UAE central bank oversight. Target remittance costs under 3% means the platform runs lean, and every control has to be efficient as well as effective.
Security work here means defending a mobile-first financial platform serving an underbanked population where trust is the product. The attack surface includes mobile application security, transaction integrity across real-time payment rails, identity verification for a demographic that may have limited digital footprints, and the data protection obligations that come with handling salary and remittance flows. For anyone who wants to secure systems where the stakes are measured not just in dollars but in whether a family receives their monthly income, the work is tangible and the constraints are real.
