Al Waha Funds invests in VentureSouq’s FinTech Fund I

Al Waha Funds invests in VentureSouq’s FinTech Fund I

Bahrain’s Al Waha Fund of Funds has invested in MENA-based VentureSouq’s FinTech Fund I, the region’s first sector-specific fund focused on FinTech across the Middle East & North Africa (MENA) region and Pakistan.

The $50 million fund invests in early-stage FinTech and SaaS companies and focuses on key subsectors including payments infrastructure, alternative credit, digital banking, PropTech, InsureTech and personal financial management, working closely with innovative regional entrepreneurs that are disrupting financial services.

VentureSouq is aiming to use its FinTech experience and connectivity to help build the next cohort of category-defining FinTech companies in Bahrain and the broader region. As a leading financial services hub in the region, Bahrain is a natural selection partner to empower and grow the FinTech ecosystem in the MENA region.