Dubai-based Alcazar Capital Limited (ACL) is teaming up with Fintech Consortium’s investment arm, InQvest Partners, to launch a $100 million global fintech fund.
ACL is anchoring the fund - which will invest in North America, Europe, Asia and the GCC - with 10% of the total capital.
The firm, which has a history of investing in the tech and telecoms sectors, has put its head of North American operations, Maissan Almaskati, in charge of its move into fintech.
ACL says that its investment experience, combined with InQvest Partners fintech expertise and network, will prove a winning formula.
Charbel Abou-Jaoude, CEO, ACL, says: "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."