Loading organizations...
The Dubai International Fintech Fund operates as a venture capital vehicle dedicated to fostering the growth of emerging companies within the financial technology, regulatory technology, and legal technology sectors. It provides essential capital and strategic support to promising startups, enabling them to scale operations and develop innovative solutions that address evolving market demands. The fund focuses on cultivating an ecosystem conducive to technological advancement in finance, actively contributing to the development of robust digital infrastructure.
Established by the Dubai International Financial Centre (DIFC) in 2019, the fund was conceived from the insight that dedicated financial backing and strategic guidance were crucial to positioning Dubai as a leading global fintech hub. The DIFC, a prominent special economic zone, initiated this fund to channel investment directly into companies poised to redefine the financial landscape, leveraging its established infrastructure and regulatory framework. This strategic move aimed to attract top-tier talent and innovation to the region.
The fund’s primary beneficiaries are startups operating within the Middle East and North Africa (MENA) region, as well as international ventures looking to establish a presence there. Its vision is to accelerate the development and adoption of advanced financial technologies, ultimately contributing to a more dynamic and inclusive global financial system. The fund looks to empower companies that can deliver significant economic impact and drive the future of finance.
Dubai International Fintech Fund has 1 tracked investment across 1 company. The latest tracked deal is $4.0M Series A in Rain in January 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2021 | Rain | $4.0M Series A | Riyad Abou Jaoudeh | A'Z Angels, Stanley Ventures, Sterling Equity, Valor Capital Group, CMT Digital, Coinbase Ventures, JIMCO, Vision Ventures |