Emirates NBD Group's Deniz Ventures and Qatar's Rasmal Ventures Invest $7.6M in TeamSec
- Editor
- Jan 31
- 1 min read
What's Happening: Deniz Ventures, the venture capital fund of DenizBank, and Rasmal Ventures, a Doha-based VC firm, have jointly invested $7.6 million in TeamSec, an AI-powered securitization platform. The investment aims to accelerate TeamSec's growth in the Middle East and North Africa region, as well as expand its product and service offerings.
The Key Moves:
TeamSec is the world's first AI-powered securitization platform, offering end-to-end services to financial and non-financial institutions.
The investment will support TeamSec's expansion in the MENA region and diversification of its product portfolio.
Emirates NBD's Innovation Fund is driving strategic investments in fintech startups like TeamSec to enhance digital experiences for clients.
By The Numbers :
Total investment raised: $7.6 million
Emirates NBD Group's total assets as of September 30, 2024: AED 956 billion (approx. $260 billion)
Emirates NBD's brand value: $3.89 billion
Key Quotes:
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD: "We recognize the immense potential securitization holds in supporting regional growth."
Gürhan Çam, NEOHUB CEO: "Digital transformation in the fintech sector is no longer a luxury but a necessity."
Esad Erkam Köroğlu, Founder and CEO of TeamSec: "This investment round supports our mission to revolutionize the securitization market, positioning TeamSec as a leader in the fintech sector as well as in the securitization market, particularly in the MENA region."
The Bottom Line: The investment in TeamSec by Deniz Ventures and Rasmal Ventures represents a significant push to innovate the securitization industry in the MENA region. By leveraging AI and data analytics, TeamSec aims to create a more efficient and transparent financial ecosystem, potentially reshaping how financial institutions approach securitization processes.
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