Prior to going public on the NASDAQ, Silver Rock Group had invested $325 million in Pathfinder, a UAE-based provider of retail IT solutions.
Established in 2000 by Sadique Ahmed, and Ahmed Hussain, Pathfinder provides solutions that boost client engagement and propel company growth.
Beginning in Q4 2024, Pathfinder will receive money from Silver Rock Group for the next three years. With this financial support, the RetailGPT platform may continue to grow and be implemented globally.
Silver Rock Group has made a sizable investment of $325 million in company, a leader in cutting-edge retail IT solutions. An important stage in Pathfinder’s growth and innovation initiatives is being marked by this equity line of credit and the company’s impending NASDAQ IPO.
This strategic funding is expected to start on the first day of company NASDAQ listing in Q4 2024, which is a significant milestone in the company’s growth trajectory.
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From Q4 2024, Silver Rock Group will give Pathfinder up to $325 million over three years. This enormous financial backing will enable the continuing development and global distribution of the RetailGPT platform, keeping Pathfinder at the forefront of retail technology.
RetailGPT is a breakthrough Gen AI-powered digital platform that extends physical retailers online. The smartphone-based app lets retailers use customer data to optimise processes, customer experience, and profitability. It offers a seamless platform for personalised shopping, integrating retailer rewards and offers and adapting to user habits to suggest products.
Sadique Ahmed, CEO of Pathfinder, expressed enthusiasm about the partnership, stating: “This robust support from Silver Rock Group validates the transformative potential of RetailGPT. This funding enables us to pursue ambitious growth plans and innovate at scale. We are eager to advance our journey, pioneering new ways for retailers to engage with their customers.”
The capital infusion will significantly improve Pathfinder’s ability to innovate and expand its market reach, reaffirming its leadership position in the physical commerce industry. The dedication of Silver Rock Group demonstrates its faith in Pathfinder’s vision and strategic direction, which is expected to completely transform the retail industry.
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This partnership will help Pathfinder expedite its R&D, enter new markets, and improve its technology stack to meet retail sector demands. This program will strengthen Pathfinder’s financial position, credibility, and market presence as it enters the NASDAQ spotlight.
About Pathfinder
Pathfinder proudly leads retail intelligence for over a decade. integrated with 1000+ famous companies, 100+ dynamic retail centres, and 25+ busy airports in India, UAE, and KSA.
