UAE Business: India’s Beams FinTech Fund looks towards Middle East – Gulf Digital News

UAE Business: India’s Beams FinTech Fund looks towards Middle East – Gulf Digital News

Beams Fintech Fund, India’s first dedicated Growth Capital Fintech Fund, looks to expand globally and sees UAE well positioned to be the international hub and silk route to the rest of the Gulf, north and eastern African regions.

As one of the biggest trading partners, remittance partners and FDI investor in India, UAE is equipped to provide the necessary capital and infrastructure to support the Fintech companies out of India.

Institutions such as Shuaa Capital, Mubadala, ADQ, ADIA, ADIC, Etisalat, Emaar, Banks etc have been active in India for some time and can work with Beams and its portfolio companies to create a larger and stronger Fintech economy between the two countries which will foster further innovation and development.

Right time

Given the favourable demographic factors, the conducive regulatory framework pushed forward by the RBI, the CEPA, and historical relationship between the two countries, this is the right time for institutions and investors in the region looking to build Fintech portfolio to diversify geographically by evaluating newer opportunities coming out of India.

India is the third-largest Fintech market globally after the US and China in terms of the number of startups and capital invested and the number of Unicorns. In 2021, 18 companies turned Unicorns