BankingBusinessFinTech

Emirates NBD and Rasmal Ventures Invest $7.6M in MENA Securitisation Innovation

Deniz Ventures and Rasmal Ventures back TeamSec to transform structured finance in MENA.

Highlights:

  1. Emirates NBD’s Deniz Ventures and Qatar’s Rasmal Ventures invest $7.6 million in TeamSec.
  2. TeamSec aims to digitize securitisation processes using AI and data analytics.
  3. The investment will drive growth, expansion, and diversification in the MENA region.

Summary: Emirates NBD’s Deniz Ventures and Qatar’s Rasmal Ventures have jointly invested $7.6 million in TeamSec, an AI-powered securitisation platform. This investment aims to transform the structured finance industry in the MENA region by digitizing securitisation processes and creating a more transparent financial ecosystem.

The funding will support TeamSec’s growth operations, expansion across the MENA region, and diversification of its product and service offering.

Previous article
Robinhood Facilitates Easier Access to US Markets for UK Investors
Next article
Anchor Raises $20M for Autonomous Billing and Collections Platform
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...