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Key people at AB Ventures.
AB Ventures operates as an evergreen fund and the corporate venture capital arm of Arab Bank, integrating digital innovation into services. It invests globally in early-stage, scalable financial technology businesses. The firm targets companies building proprietary products fostering network effects across the financial industry and developing enabling technologies for diverse sectors.
Established in 2018, AB Ventures emerged from Arab Bank's commitment to digital transformation, integrating groundbreaking financial solutions. The venture was founded on the insight that FinTech fundamentally reshapes financial institutions. Faisal Hakki leads as Managing Director, with Dana Qtaishat and Malak Khraisha as Investment Directors, guiding the firm's strategy.
AB Ventures primarily supports early-stage FinTech companies, consumer and enterprise-facing. The firm amplifies its portfolio's impact by connecting these innovators with high-growth market opportunities, leveraging Arab Bank's global infrastructure. Its vision is to cultivate an advanced financial services ecosystem and facilitate new decentralized technology backbones.
Key people at AB Ventures.
AB Ventures has 6 tracked investments across 6 companies. The latest tracked deal is $28.0M Series B in Lendo in December 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 13, 2023 | Lendo | $28.0M Series B | Sanabil Investments | Shorooq Partners |
| Jun 13, 2022 | Swoop | $7.2M Series A | — | IAG Capital Partners, Velocity, Weho Ventures |
| May 1, 2021 | OptioPay | $13.0M Series B | — | EOS Venture Partners, FiveT Fintech, Main Incubator, NN Group, Seed X |
| Sep 16, 2020 | Factris | $5.9M Series A | AB Ventures | Optima Investments, Speedinvest |
| Sep 1, 2020 | Veem | $31.0M Series C | Truist Ventures | Album VC, Andreessen Horowitz, Balderton Capital, CRV, Decibel Partners, Expa, Foundation Capital, Ftac Ventures, Grace Beauty Capital, Karim Faris, GV, Incite Ventures, Kickstart Fund, MUFG Innovation Partners, Pantera Capital, Pareto Holdings, Point72 Ventures, PS Investments, QED Investors, Rashaun Williams, Goldman Sachs, Kleiner Perkins, MUFG Innovation Partners, NAB Ventures, Silicon Valley Bank, Trend Forward Capital |
| Oct 1, 2018 | Acticor Biotech | $18.0M Series B | Alain Parthoens | Karista, Cukierman Life Sciences, Hyun TAE KIM |
