Business

Venture Souq launches $50m fintech fund


Author: 
Sun, 2021-11-21 16:44

RIYADH: Venture Souq, the venture capital firm, has launched the first sector-specific fund focused on fintech in the Middle East, North Africa, Afghanistan and Pakistan region, Asharq Business reported.

The Middle East and North Africa Fintech Fund I is a $50 million fund that invests in fintech and software as a service startups; It focuses on sub-sectors including payments infrastructure, alternative credit, digital banking, real estate technology, insurance technology, and personal financial management along with its close collaboration with innovative entrepreneurs.

 

Main category: 

SAMA licenses new payment fintech company



READ SOURCE

See also  Bursa Malaysia reverses earlier losses to end higher

Leave a Reply