VentureSouq Closes $50m Second Fintech Fund Backed by Regional Sovereign LPs
The UAE firm closed FinTech Fund II at $50m with backers including Jada, SVC, Mubadala and Saudi Awwal Bank, to invest in early-stage fintech and SaaS across MENA.
wamda.comمصدر ثانوي
مجمّع من مصدر خارجي
VentureSouq said it had closed its second fintech fund at $50m, backed by sovereign and institutional limited partners including PIF-owned Jada Fund of Funds, Saudi Venture Capital, Saudi Awwal Bank, Mubadala, Takamol and Jordan's ISSF.
The fund targets early-stage fintech and SaaS across MENA, spanning payments infrastructure, alternative credit, digital banking, proptech, insurtech and personal finance management, extending the firm's existing portfolio in the sector.