Alcazar Capital Limited (“ACL”) and FinTech Consortium’s investment arm, InQvest Partners (“IQP”), are pleased to announce their strategic partnership and the launch of a US$100 Million global FinTech fund. Alcazar has also committed to anchor the fund with 10% of total capital.
Alcazar Capital Limited is an investment firm based in the Dubai International Financial Centre with a proven track record of value creation and execution in portfolio assets exceeding US$1 billion. It has managed investments in a range of industries including technology and telecom. ACL recently merged with Trucial Investment Partners and appointed Maissan Almaskati as Managing Partner and Head of its North American platform, based in the United States, and who now also lead its expansion into FinTech investment.
This fund partnership will allow InQvest Partners to combine its expertise, knowledge, and network in FinTech with ACL’s solid investment experience and track record to jointly build a successful dedicated FinTech venture capital fund. Simultaneously, this unique combination will leverage FinTech Consortium’s domain expertise, resources, and presence to widen its geographical reach and develop successful portfolio companies together.
Charbel Abou-Jaoude, CEO of Alcazar Capital Limited said: “InQvest Partners offers a unique FinTech proposition to support its investments across markets. We look forward to working with them in supporting ambitious entrepreneurs during the early stages of their growth journey.”
Gerben Visser, Founder of FinTech Consortium & Managing Partner of InQvest Partners said: “Alcazar Capital Limited has a proven investment track record and we are excited to leverage their investment and fund capabilities to build a successful global fund and FinTech portfolio together”.
Source: Startup MGZN.