Dubai International Financial Centre (DIFC) has unveiled a $10 million fintech fund managed by Wamda Capital and Middle East Venture Partners (MEVP) for start-ups in the Middle East and North Africa (MENA).
With fintech startups in the Middle-East growing up to $2 billion in investments over the next decade, DIFC is looking to take a slice of the pie by using this fund to invest in firms, starting from their incubation to their growth stage.
Khaled Talhouni, partner, Wamda Capital, says: “We are looking forward to working closely with our partners at DIFC to develop a vibrant fintech ecosystem serving the needs of our wider region.”
