TLDR:
- Fintactics, Ethos Invest, and Arbah Capital have entered into a new strategic partnership to invest in early-stage FinTech businesses.
- The partnership aims to foster innovation in the Saudi financial services industry by combining the expertise of the three organizations.
Fintactics, a Saudi-based venture builder specializing in financial technology, has announced a strategic partnership with global investment firm Ethos Invest and prominent investment firm Arbah Capital in relation to its Fintactics Financial Technology Fund. This partnership, valued at $40 million, aims to make Shariah-compliant investments in early-stage FinTech companies primarily in Saudi Arabia, with a focus on fostering innovation within the region’s financial services industry. The fund signifies global confidence in Saudi startups and aligns with the country’s goal of becoming a leading hub in the FinTech industry. The partnership showcases a commitment to supporting innovative founders and building a thriving FinTech ecosystem in Saudi Arabia and beyond.
