Dubai-based Alcazar Capital and InQvest Partners, the investment arm of incubator Fintech Consortium, have jointly launched a $100 million (€87.2 million) global fintech fund.
While InQvest will provide its market knowledge and fintech network, Alacazar will put up 10% of the fund’s total capital.
The fund launch follows Alacazar’s recent merger with another Dubai-based firm Trucial Investment Partners and the appointment of Maissan Almaskati as managing partner.
Amalskatii heads up the firm’s North American platform and will also lead its expansion into fintech investments.
“InQvest Partners offers a unique fintech proposition to support its investments across markets,” said Charbel Abou-Jaoude, CEO of Alcazar Capital. “We look forward to working with them in supporting ambitious entrepreneurs during the early stages of their growth journey.”
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