Latest news with #DenizVentures
Yahoo
11-02-2025
- Business
- Yahoo
Deniz Ventures and Rasmal Ventures Back TeamSec's $7.6M AI-powered Securitization Platform
TeamSec Secures $7.6 Million Investment to Revolutionize Securitization in MENA Region ISTANBUL, TR / / February 11, 2025 / TeamSec, the pioneering AI-powered securitization platform, has secured a $7.6 million investment from Deniz Ventures and Rasmal Ventures. This strategic funding will accelerate TeamSec's expansion across the Middle East and North Africa (MENA) region, enhancing its Securitization-as-a-Service platform. The investment, led by Deniz Ventures-operating under Emirates NBD Innovation Fund-and Doha-based Rasmal Ventures, marks a significant milestone in digital transformation for the structured finance industry. TeamSec's innovative platform streamlines securitization processes, providing enhanced efficiency and transparency in financial operations. This funding round positions TeamSec to strengthen its market presence while expanding its product portfolio. The company's AI-driven solutions aim to revolutionize how financial institutions handle securitization, offering advanced data analytics capabilities and automated processes. Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, emphasized the strategic importance of the investment: "We recognize the immense potential securitization holds in supporting regional growth. Our recent strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth. We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage." NEOHUB CEO Gürhan Çam highlighted the technological significance: "Digital transformation in the fintech sector is no longer a luxury but a necessity. As DenizBank and NEOHUB, we aim to address the technological gaps in the field of securitization by collaborating with startups through our investment in TeamSec. We recognize that TeamSec's innovations in securitization have the potential to set new industry standards." Rasmal Ventures' Co-Managing Partner, Alexander Wiedmer, noted: "TeamSec's bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the ambition and innovation we are excited to support. Our investment, alongside Deniz Ventures, reflects our commitment to advancing fintech solutions that redefine traditional financial processes." Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, added: "Emirates NBD's Innovation Fund drives strategic investments in cutting-edge fintech startups like TeamSec, enabling us to deliver tailored solutions that align with our vision of being the most innovative bank for our customers. As the industry evolves, the fund ensures we stay ahead of disruptive trends while enhancing the digital experience for our clients." TeamSec founder and CEO Esad Erkam Köroğlu expressed his vision for the future: "The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec's vision and technological prowess by these renowned institutions. At the same time, this investment round supports our mission to revolutionize the securitization market, positioning TeamSec as a leader in the fintech sector and the securitization market, particularly in the MENA region." About Emirates NBDEmirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As of 30th September 2024, total assets were AED 956 billion (equivalent to approx. $260 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 859 branches and 4,512 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a brand value of $3.89 billion. About Rasmal VenturesRasmal Ventures is Qatar's first independent venture capital firm, with a strong presence and network across the MENA innovation ecosystem. Headquartered in Doha with an office in Saudi Arabia, Rasmal Ventures focuses on technology startups at the pre-Series A, Series A, and Series B stages across the MENA region and beyond. The firm has a highly selective investment strategy, homing in on proprietary opportunities that drive innovation and growth in the market. To learn more, visit About Deniz VenturesDeniz Ventures the venture capital arm of DenizBank, operates under the umbrella of the Emirates NBD Innovation Fund and is managed by NEOHUB, DenizBank's innovation, entrepreneurship and digital arm. Since its establishment, Deniz Ventures has demonstrated its investment acumen, starting with its inaugural investment in Midas, culminating in a remarkable exit of $6 million. To learn more, visit About TeamSecTeamSec is the world's first AI-powered securitization platform, offering end-to-end services to financial and non-financial institutions, providing capital optimization and working capital solutions. Its services include credit securitization for financial institutions, invoice receivable securitization for corporates, and trade finance for international trade companies. To learn more, visit Media ContactCigdem Oztabakcigdem@ SOURCE: TeamSec View the original press release on ACCESS Newswire Sign in to access your portfolio
Zawya
31-01-2025
- Business
- Zawya
Rasmal Ventures, Emirates NBD make key investment in TeamSec
Qatar's Rasmal Ventures, one of Doha's leading venture capital firms, and UAE-based Deniz Ventures have jointly invested in TeamSec, the world's first AI-powered securitization platform,transforming the structured finance industry through its innovative Securitization-as-a-Service platform. Deniz Ventures is the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund - the Corporate Venture Capital arm of Emirates NBD Group. With a total investment raise of $7.6 million, TeamSec aims to accelerate its growth operations, focusing on rapid expansion in the Middle East and North Africa region. Additionally, TeamSec also aims to diversify its product and service portfolio and enhance current service offerings. Focused on accelerating the digital transformation of the financial sector, TeamSec is driving the creation of a more efficient and transparent financial ecosystem by digitizing securitization processes. Through its AI and data analytics-based solutions, TeamSec seeks to create critical value for investors and financial institutions. Rasmal Ventures' Co-Managing Partner, Alexander Wiedmer said: "TeamSec's bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support." "Our investment, alongside Deniz Ventures, reflects our commitment to advance fintech solutions that redefine traditional financial processes. By backing teams like TeamSec, with deep expertise in their field, we aim to accelerate digital transformation and fortify the regional financial ecosystem," he added. On the investment, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD said: "We recognize the immense potential securitization holds in supporting regional growth. Our recent strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth." "We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage," he stated. Neohub CEO Gürhan Çam said TeamSec's technological infrastructure will lay the groundwork for stronger collaborations among financial institutions in the future and contribute significantly to the financial ecosystem. "Digital transformation in the fintech sector is no longer a luxury but a necessity. As DenizBank and Neohub, we aim to address the technological gaps in the field of securitization by collaborating with startups through our investment in TeamSec. We recognize that TeamSec's innovations in securitization have the potential to set new industry standards." Emphasizing the role Emirates NBD unit played in the deal, Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, said: "Emirates NBD's Innovation Fund drives strategic investments in cutting-edge fintech startups like TeamSec, enabling us to deliver tailored solutions that align with our vision of being the most innovative bank for our customers." "As the industry evolves, the fund ensures we stay ahead of disruptive trends while enhancing the digital experience for our clients," he added. Esad Erkam Köroğlu, Founder and CEO of TeamSec, highlighted that this strategic investment from Deniz Ventures combined with the VC mindset and experience of the Rasmal Ventures' team, is a key enabler in achieving the company's vision. "The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec's vision and technological prowess by these renowned institutions," stated Köroğlu. "At the same time, this investment round supports our mission to revolutionize the securitization market, positioning TeamSec as a leader in the fintech sector as well as in the securitization market, particularly in the Mena region. With this investment, we endeavor to strengthen our position as a global game-changer in the field of securitization," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
30-01-2025
- Business
- Trade Arabia
Rasmal Ventures, Emirates NBD make key investment in TeamSec
Qatar's Rasmal Ventures, one of Doha's leading venture capital firms, and UAE-based Deniz Ventures have jointly invested in TeamSec, the world's first AI-powered securitization platform,transforming the structured finance industry through its innovative Securitization-as-a-Service platform. Deniz Ventures is the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund - the Corporate Venture Capital arm of Emirates NBD Group. With a total investment raise of $7.6 million, TeamSec aims to accelerate its growth operations, focusing on rapid expansion in the Middle East and North Africa region. Additionally, TeamSec also aims to diversify its product and service portfolio and enhance current service offerings. Focused on accelerating the digital transformation of the financial sector, TeamSec is driving the creation of a more efficient and transparent financial ecosystem by digitizing securitization processes. Through its AI and data analytics-based solutions, TeamSec seeks to create critical value for investors and financial institutions. Rasmal Ventures' Co-Managing Partner, Alexander Wiedmer said: "TeamSec's bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support." "Our investment, alongside Deniz Ventures, reflects our commitment to advance fintech solutions that redefine traditional financial processes. By backing teams like TeamSec, with deep expertise in their field, we aim to accelerate digital transformation and fortify the regional financial ecosystem," he added. On the investment, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD said: "We recognize the immense potential securitization holds in supporting regional growth. Our recent strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth." "We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage," he stated. Neohub CEO Gürhan Çam said TeamSec's technological infrastructure will lay the groundwork for stronger collaborations among financial institutions in the future and contribute significantly to the financial ecosystem. "Digital transformation in the fintech sector is no longer a luxury but a necessity. As DenizBank and Neohub, we aim to address the technological gaps in the field of securitization by collaborating with startups through our investment in TeamSec. We recognize that TeamSec's innovations in securitization have the potential to set new industry standards." Emphasizing the role Emirates NBD unit played in the deal, Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, said: "Emirates NBD's Innovation Fund drives strategic investments in cutting-edge fintech startups like TeamSec, enabling us to deliver tailored solutions that align with our vision of being the most innovative bank for our customers." "As the industry evolves, the fund ensures we stay ahead of disruptive trends while enhancing the digital experience for our clients," he added. Esad Erkam Köroğlu, Founder and CEO of TeamSec, highlighted that this strategic investment from Deniz Ventures combined with the VC mindset and experience of the Rasmal Ventures' team, is a key enabler in achieving the company's vision. "The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec's vision and technological prowess by these renowned institutions," stated Köroğlu.
