“Companies in this sector raised SR2.5 billion ($666.02 million) across 10 funding rounds in 2023. This represents substantial growth in the sector, with the investment amount increasing more than sixfold, and the number of funding rounds more than doubling compared to 2022.” - Abdullah Binghannam, Deputy of Financing and Investment at the Capital Market Authority. #gcc #ksa #saudi #vc #investment #fintech #funding #businessmodels #growth #venture #capital #cma #sama #regulatory #compliance #profit
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“Mubadala’s investment comes as the sovereign fund steps up its efforts to deploy capital in Europe, its most active region for venture deals after North America, according to data provider Pitchbook. The investor took part in at least 28 European deals over the past five years, accounting for more than a fifth of its transactions globally.” - FT #uae #abudhabi #mubadala #revolut #swf #shares #investment #sharesale #deal #venture #fund #vc #capital #growth #profit
Abu Dhabi’s Mubadala takes stake in Revolut
ft.com
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Capital raising in the region remains challenging against an unfavourable market backdrop but pockets of opportunity persist https://lnkd.in/gTJnwgES #Funding #VentureCapital #Finance #APAC #Technology #Investment
Asia VC funding starts 2024 on a weak note
theasset.com
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Egyptian based Qardy successfully raised a seven figure pre seed investment #Qardy, #fintech startup acting as digital lending marketplace in Egypt and the MENA region, has successfully secured a seven-figure pre-Seed investment. This significant funding round was led by Sanabil Investments and 500 Global and saw participation from White Field Capital LLC Ventures and Vastly Valuable Ventures, marking a crucial step in the company's growth trajectory. Founded with a mission to provide tailored financial solutions to MSMEs (Micro, Small, and Medium Enterprises), Qardy collaborates with a diverse network of commercial banks, leasing, factoring, and micro-finance companies. Since its soft launch in late 2022, Qardy has garnered over 1,000 corporate clients and facilitated over $12 million in loan transactions. Tamer El-Manasterly, COO of Qardy, emphasized the pivotal role of their investors in the company’s expansion and market penetration. He highlighted that the trust and support from White Field Ventures and Vastly Valuable Ventures are instrumental in enhancing Qardy’s services and accelerating their expansion plans across Saudi Arabia and the broader region. Qardy’s innovative platform addresses the critical financial needs of MSMEs, providing essential working capital and funding for capital expansion. The recent investment will further bolster Qardy's capabilities, enabling it to scale its operations and deliver more impactful financial solutions to businesses in the region. The article on Finextra in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA - Substack: https://lnkd.in/dzfGJzmW
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The rise of Saudi Private Equity market; 6x jump in two years!! Many factors driving this increase in investment opportunities, to list a few - Cultural modernization driving significant shift in consumption patterns - Transformational push by govt. to increase diversification (beyond energy) and push for organized private sector participation - Capital market reforms creating exit paths for business owners and investors
'#KSA closes 2023 with $4Bn across 30 #PrivateEquity transactions! 🚨 The Kingdom's #PE investment has steadily grown since 2020, breaking $3Bn in 2022 after reaching 5.9X its 2021 level. Among the different transaction types, #buyouts dominated over the past five years, representing 80% of total PE capital deployed on average. Curious to learn more about this new space? Download the full report here for all the detailed insights: https://lnkd.in/d6sN4vYp We're proud to release this report in collaboration with our longstanding collaborators at SVC. Thank you to Nabeel Koshak and Dr. Osamah Alamri, PhD for your partnership. #privatecapital #privateequity #growth #reports #saudiarabia
Download the Full Private Equity Report
magnitt.com
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Saudi fintech EdfaPay closes $5 million Pre-Series A funding #SaudiFintech #SaudiArabiaFintech #KSAFinTech #fintech #fintechnews #finance #financialtechnology #SaudiArabia #technology #tech #technews #investinginfintech #investments #investors #investing #capitalraise #funding #capraise
Saudi fintech EdfaPay closes $5 million Pre-Series A funding
https://internationalfintech.com
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Singapore stands as a vibrant innovation hub for #ASEAN where many businesses choose to begin their journey and expand regionally. As a way to support these entrepreneurs on their journey, we are pleased to announce a US$150 million Venture Debt offering in Singapore to help scale up high-growth businesses backed by venture capital or private equity investors. This is alongside the launch of the US$1 billion ASEAN Growth Fund, underscoring our dedication to nurturing Singapore’s burgeoning new economy businesses from seed to maturity. Learn more from Amanda Murphy and Priya Kini in The Business Times here: https://grp.hsbc/6045Z2jRb #HSBCASEAN #ASEANInternationalBank #VentureDebt #innovation #growth #businessgrowth
HSBC launches US$1 billion Asean growth fund
businesstimes.com.sg
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**Riyad Capital Launches 1957 Ventures Fund with Riyad Bank to Elevate Saudi FinTech** Riyad Capital and Riyad Bank have launched the "1957 Ventures" fund, aimed at transformative growth in Saudi Arabia's FinTech sector, supporting the Kingdom's Vision 2030 and Financial Sector Development Program. This strategic initiative emphasizes their commitment to enhancing the digital landscape and fostering a competitive financial environment. Nadir Al-Koraya, CEO of Riyad Bank, remarked, "The 1957 Ventures fund signifies our dedication to FinTech innovation and economic diversification in alignment with Vision 2030." Dr. Abdullah Alshwer, CEO of Riyad Capital, stated, "This fund is a strategic investment in the future of Saudi FinTech, designed to spur sector growth and sustainable economic impact." As key players in digital transformation, both Riyad Bank and Riyad Capital continue to lead in promoting innovation and supporting the financial sector's evolution. #fintech Source: Fintech Finance News
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Kemet Trading Financial Technologies secures $5 million financing round led by Further Ventures, with support from Abu Dhabi SWF and Mastercard-backed VC firm. READ MORE: LINK IN BIO ... #KemetFinancialTechnologies #FinancingRound #FurtherVentures #AbuDhabiSWF #Mastercard #VentureCapital #Investments #FinancialTechnology #Funding #Startups
Kemet Raises USD5 Million in Funding, Surpassing USD1 B in Notional Trading Volume
waya.media
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Saudi Arabia’s private equity sector has been on an upswing for the past five years, culminating in transactions worth $4 billion in 2023, according to MAGNiTT . The venture data platform, alongside Saudi Venture Capital Co., released report highlighting a significant surge in private equity activity within the Kingdom. From 2020 onward, the sector has shown impressive growth, achieving a 3.7 multiple in 2021 compared to the year before and an exponential leap to 5.9 times in 2022 compared to the previous year. #investors #investment #fundraising #funding #privateequity #familyoffices #saudiaarabia #VentureCapitalists #MENA #GCC #hedgefunds #fundmangers #PIF #sovereignwealth
Saudi Arabia’s private equity market sees $4bn in transactions
arabnews.com
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📈 As Islamic Finance assets hit $3.25 trillion globally, Islamic/Shariah-compliant Venture Capital represents a subset on the rise (Islamic Financial Services Board (IFSB)). In our latest article, Shafini Hapiz delves into how Shariah-compliant VC not only meets rigorous ethical standards but also unlocks unique investment opportunities. 📍 Xeraya has utilised these innovative structures to pioneer several cross-border Shariah-compliant VC investments guided by our distinguished Shariah Advisory Panel and Securities Commission Malaysia guidelines. Read the full article here. Follow us: https://lnkd.in/gYtEK7tc https://xeraya.com/ #XerayaInsight #VentureCapital #IslamicFinance #ESG #ImpactInvesting #IslamicVentureCapital
The Investor’s Edge: Capitalizing on Shariah Compliant Venture Capital
https://xeraya.com
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