Indo-Arab professionals launch financial vehicle in Dubai

Indo-Arab professionals launch financial vehicle in Dubai

Funding Possibilities will help fund new-economy businesses to grow and help the UAE economy to expand fast

Delegates at the event. - Supplied photo

Published: Fri 3 Feb 2023, 4:13 PM

A group of six professional entrepreneurs across the UAE and India, who have invested in more than 75 start-ups and helped businesses raise $500 million worth of capital, have joined hands to launch a fintech platform called Funding Possibilities, that will connect start-ups with investors, borrowers with lenders and buyers with sellers. The mission of this platform is to bridge the gap between investors and new age businesses.

Funding or access to capital has been a major hindrance to growth of the start-ups, micro, small and medium enterprises (MSMEs) in the UAE. Funding Possibilities will be a sought-after platform for both seekers and providers of capital, providing access to various forms of capital beyond equity, including traditional debt, alternative and structured finance. It aims to make private markets more accessible and transparent.

It seeks to give retail investors access to start-ups and enable retail investors to contribute to the overall start-up ecosystem and new age businesses. Funding Possibilities is as sector and stage agnostic platform and aims to help build more than 10 profitable