FNG Exclusive… For the second week in a row, we have exclusive news of a licensed UAE based online broker rebranding.

After last week reporting that APM Capital, which in 2024 acquired the FCA regulated BUX UK business from ABN Amro, was rebranding as Lunaro, FNG has learned that another firm – relative newcomer Cara Markets – has become KIRA Financial, at website kirafinancial.com.

KIRA Financial was established by Kiran Pethani, co-founder and co-owner (alongside his brother Anilkumar Pethani) of Dubai based Cara Jewellers, a premium luxury brands retailer in the UAE. The company received a UAE SCA Category One license in mid 2024, and has gone on to hire a number of experienced FX and CFDs industry executives, including former ADSS institutional sales director Hasan Hamd (pictured above), who is now KIRA Financial Chief Commercial Officer (CCO).

We understand that the rebranding was done in part to separate the Pethani’s core luxury brands business from the identity of the new CFDs operation, which now has its own name.

Hasan Hamd, KIRA Financial Chief Commercial Officer, said,

“KIRA was founded to bridge the gap between regional ambition and global execution. We’ve built a brokerage where stringent regulation meets cutting-edge innovation. Here, client trust and technological precision are inseparable. We are not here to follow; we are here to lead.

“At KIRA, we don’t just follow best practices—we aim to define them. From the moment you onboard to every trade you execute, we have engineered each touchpoint to deliver professionalism, precision, and purpose.”

Kiran Pethani, KIRA Financial Co-founder said,

“This launch is more than a milestone — it’s our commitment to becoming a lasting force in global trading. KIRA stands for clarity, resilience, and ambition. We’re here to stay, to grow, and to lead.”