Latest news with #securitization
Reuters
4 days ago
- Business
- Reuters
TeamSec Appoints Finance Leaders to Board to Drive AI-Powered Securitization and Fintech Growth
ISTANBUL, Türkiye, May 29, 2025 (EZ Newswire) -- TeamSec, opens new tab announced it has appointed three distinguished executives to its board of directors, each with over 90 years of global experience: former ICD CEO Ayman Amin Sejiny, Rasmal Ventures partner Alex Wiedmer, and Neeraj Makin, senior executive vice president at Emirates NBD. TeamSec is an AI-powered next-generation fintech and regtech company offering solutions in capital optimization and working capital liquidity. Its services are delivered through a fully automated, end-to-end securitization and invoice financing platform. Rapidly becoming a key player in its industry, TeamSec is strengthening its leadership team with executives who have a proven track record on the global stage. In this new era, TeamSec strengthens its leadership by appointing Ayman Amin Sejiny as vice chairman and adding Alex Wiedmer and Neeraj Makin to the board of directors. "Welcoming Ayman Amin Sejiny, former CEO of ICD; Alex Wiedmer, partner at Rasmal Ventures; and Neeraj Makin, senior vice president at Emirates NBD, to our board marks a defining moment in TeamSec's journey," said Esad Erkam Köroğlu, CEO of TeamSec. 'Their extensive global experience in investment banking, venture capital, and strategic innovation perfectly aligns with our mission to transform capital markets through our AI-powered securitization as a service solutions. Rather than symbolic, expanding our board is a deliberate move to strengthen our capabilities in entering new markets and navigating regulatory environments.' Corporate and Investment Banking Leader: Ayman Amin Sejiny Ayman Amin Sejiny brings more than 30 years of leadership in corporate and investment banking. He has served as CEO of Barclays Saudi Arabia, Ibdar Bank, Alkhair Bank (formerly Unicorn Investment Bank), and—most recently—the Islamic Corporation for the Development of the Private Sector (ICD), the private-sector arm of the Islamic Development Bank Group,, opens new tab which spans 55 member countries, maintains LOF relationships with 120 banks, and manages a portfolio of private-equity investments. Earlier in his career, Sejiny held corporate banking roles at Citibank and the Saudi affiliate of ABN AMRO. Throughout these assignments, he has driven strategic growth and forged partnerships in e-commerce, cash management, and cutting-edge fintech solutions. Venture Capital Veteran with 25 Years of Experience: Alex Wiedmer Joining TeamSec's board of directors, Alex Wiedmer is recognized for his over 25 years of venture capital experience across Europe, North America, and the MENA region. Currently a partner and director at Qatar-based Rasmal Ventures, opens new tab, Wiedmer was previously a long-time partner at Paris-based Iris Capital. During that time, he also served on the investment committee of STC Ventures, a pioneering VC fund in the Gulf region that achieved top-decile returns. With a strong track record in venture capital and entrepreneurial finance, Wiedmer has made over 60 investments in more than 50 companies. Strategist Shaping the Future of Banking: Neeraj Makin Another new addition to the board of directors is Neeraj Makin, who serves as group head of strategy, analytics, and venture capital at Emirates NBD, opens new tab and is a member of the executive committee. Makin has shaped the bank's long-term growth strategies and led major acquisitions, including BNP Paribas Egypt and DenizBank in Turkey. He also spearheaded the bank's international expansion by securing branch licenses in Saudi Arabia and India. In addition, he leads the corporate VC fund that invests in advanced analytics centres and promising fintech start-ups. With a background at EY and McKinsey, Makin brings deep mergers, acquisitions, and business strategy expertise. These appointments to TeamSec's corporate governance team will play a pivotal role in shaping the future infrastructure of capital markets and propelling the company to greater heights. TeamSec raised $7.6 million earlier this year to scale its AI-powered securitization platform and accelerate growth across the MENA region. The investment was led by Deniz Ventures, the venture capital fund of DenizBank established under the Emirates NBD Innovation Fund—the Corporate Venture Capital arm of Emirates NBD Group—and Rasmal Ventures, a leading Doha-based venture capital firm. TeamSec is committed to providing working capital and liquidity solutions to banks, financial institutions, and nonbank financial institutions through its end-to-end AI-powered securitization platform. Learn more at opens new tab. About TeamSec TeamSec is a next-generation fintech and regtech innovator, delivering AI-powered capital optimization and working-capital liquidity solutions via a fully automated, end-to-end securitization and invoice-financing platform. Our cloud-native, machine-learning infrastructure digitizes the entire securitization lifecycle—from asset selection and SPV setup through issuance and investor reporting—enabling faster, more flexible, and compliant access to capital markets. Operating across Türkiye, the Gulf region, and the United Kingdom, TeamSec empowers financial institutions and corporates alike to issue asset- and mortgage-backed securities or scale through digital credit solutions with zero operational burden. For more information, visit Media Contact Pirix Media Visibility for Startupscigdem@ ### SOURCE: TeamSec Copyright 2025 EZ Newswire See release on EZ Newswire
Zawya
5 days ago
- Business
- Zawya
Fawry MSME Finance closes first securitized bond issuance at $10mln
Cairo – Fawry MSME Finance, a fully owned subsidiary of Fawry for Banking Technology and Electronic Payments, completed its first securitization issuance at a value of EGP 497.50 million, according to a press release. CI Capital served as the financial advisor, arranger, issuance manager, and bookrunner for the transaction, which aligns with the unit's objectives to support the growing demand for credit among Egypt's MSME sector. The bond issuance is approved by the Financial Regulatory Authority (FRA) and rated 'A-' by Middle East Ratings and Investor Services (MERIS). The offering was structured as a single tranche totaling EGP 497.50 million with a tenor of 13 months. Alexander Levchenko, CEO of Fawry MSME Finance, said: 'This securitization is a strategic step in our mission to scale our lending operations and provide greater access to finance for MSMEs across Egypt.' Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital, noted: 'The success of this issuance reflects CI Capital's ongoing efforts to reinforce its leadership position in financial services, as well as its ability to develop capital ecosystem by bringing new clients to the debt markets.' Ashraf Sabry, CEO of Fawry, commented: "Achieving an A-rating from MERIS in our first issuance is a testament to the credibility of our underwriting practices and the strength of our portfolio. It also signals growing market confidence in the MSME lending space." As of 31 March 2025, FAWRY's net profits after tax and non-controlling interest (NCI) hiked by 97.10% year-on-year (YoY) to EGP 605.37 million from EGP 307.09 million.
Zawya
6 days ago
- Business
- Zawya
CI Capital successfully concludes the first securitization bond issuance for Fawry MSME Finance with a total value of EGP497.5mln
Cairo, CI Capital ( the leading diversified financial services group, announced today the successful conclusion a securitized bond issuance worth a total of EGP 497.5 million for Capital for Securitization, in which Fawry MSME Finance is the originator and assignor of the portfolio. Fawry's issuance, which received an investment grade A- rating from Middle East Ratings and Investor Services (MERIS), was issued as a single tranche with a value of EGP 497.5mn and a tenor of 13 months. Amr Helal, CEO of the Investment Bank (Sell-Side) commented: 'This landmark transaction marks the first-ever securitized bond issuance for Fawry Microfinance. It stands as a powerful testament to CI Capital's long-term vision of empowering companies with access to sustainable financing solutions that support their growth ambitions. We remain deeply committed to playing a leading role in advancing Egypt's debt capital markets and promoting securitization as a dynamic financing tool that fosters the development of both productive and service-oriented sectors—especially the rapidly growing microfinance space.' Helal further added: 'We are proud of such a strategic partnership with Fawry, a leading player in Egypt's non-banking financial services sector. This issuance represents a significant milestone in our ongoing collaboration, reflecting the deep mutual trust between our institutions. It also underscores CI Capital's proven ability to structure and deliver complex, market-responsive transactions tailored to meet the evolving needs of our clients.' Moreover, Helal commended the significant efforts of CI Capital's debt capital markets team, as well as all parties involved in the successful completion of this issuance. Mohamed Abbas, Executive Director - Head of the Debt Capital Markets at CI Capital, expressed his pride for completing the first securitized bond issuance for Fawry Microfinance. He noted that this issuance is part of CI Capital's broader strategy to attract new companies to the local debt capital markets. Abbas reflected on the valuable partnership between CI Capital and Fawry Microfinance, which will lead to further fruitful collaboration, contributing to the company's notable growth in the non-banking financial services sector. CI Capital acted as the financial advisor, lead arranger, issuance manager, and bookrunner, while EG Bank acted as the custodian, Russel Bedford as the issuance's auditor, and Maatouk Bassiouny & Hennawy as the legal advisor. About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 3500 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
Zawya
6 days ago
- Business
- Zawya
Egypt: Fawry MSMEs issues 1st securitized bond at $10mln
Arab Finance: Fawry for Micro, Small, and Medium Enterprises (MSMEs), a wholly owned subsidiary of Egypt's financial technology company Fawry, has completed its first securitized bond issuance, raising EGP 497.5 million, as per an emailed press release. The transaction represents the first tranche of a broader securitization program intended to support the company's financing plans and provide funding for Egypt's SME sector. Backed by a portfolio of secured financial rights, the issuance reflects the credit standards and lending policies followed by Fawry MSMEs. The bond was structured in a single tranche with a 13-month maturity and received an A- rating from Middle East Ratings and Investor Services. The issuance was approved by the Financial Regulatory Authority (FRA). CI Capital acted as financial advisor, coordinator, lead manager, and bookrunner. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
7 days ago
- Business
- Zawya
Fawry MSME Finance completes first securitized bond issuance worth EGP 497.5mln
Cairo, Egypt: Fawry, (the "Company", on the Egyptian Exchange), Egypt's leading Fintech, has announced that its fully owned subsidiary Fawry MSME Finance, a leading provider of financial solutions to Egypt's micro, small, and medium-sized enterprises, is pleased to announce the successful completion of its first securitization issuance, amounting to a total value of EGP 497.5 million. This transaction marks the initial tranche under a broader securitization program, paving the way for future issuances as part of a larger funding agreement. The issuance marks a significant milestone for Fawry MSME Finance as it diversifies its funding sources to support the growing demand for credit among Egypt's MSME sector. The transaction is backed by a securitized portfolio of receivables originated by the company and reflects the strong quality of its credit portfolio and robust underwriting standards. CI Capital served as the financial advisor, arranger, issuance manager, and bookrunner for the transaction, bringing deep market expertise and strategic guidance throughout the process. The bond issuance, approved by the Financial Regulatory Authority (FRA) and rated A- (investment grade) by Middle East Ratings and Investor Services (MERIS), was structured as a single tranche totaling EGP 497.5 million with a tenor of 13 months. Alexander Levchenko, Chief Executive Officer of Fawry MSME Finance, commented: 'This securitization is a strategic step in our mission to scale our lending operations and provide greater access to finance for MSMEs across Egypt. The strong investor appetite reflects confidence in our model, our portfolio performance, and the strength of Egypt's MSME sector.' Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital: 'I would like to express my pleasure for the successful completion of the first securitized bond issuance for Fawry MSME Finance. The success of this issuance reflects CI Capital's ongoing efforts to reinforce its leadership position in financial services, as well as its ability to develop capital ecosystem by bringing new clients to the debt markets. I would also like to thank CI Capital's Debt Capital Markets team for their huge efforts and all parties involved in the success of the issuance.' Eng. Ashraf Sabry, Chief Executive Officer of Fawry, commented:"Achieving an A- rating from MERIS in our first issuance is a testament to the credibility of our underwriting practices and the strength of our portfolio. It also signals growing market confidence in the MSME lending space. We are also very proud to have partnered with CI Capital on this landmark transaction. Their deep market knowledge and execution capabilities played a crucial role in the successful closure of this deal." About Fawry for Banking Technology and Electronic Payments Founded in 2008, Fawry Egypt's leading fintech company serving the banked and unbanked population. Fawry's primary services include enabling electronic bill payments, mobile top-ups and provisions for millions of Egyptian users. Other digital services also include e-ticketing, cable TV, and variety of other services. Through its peer-to-peer model, Fawry is enabling corporates and SMEs to accept electronic payments through a number of platforms including websites, mobile phones, and POSs. With a network of 36 member banks, its mobile platform and 396 thousand agents, Fawry processes more than 6 million transactions per day, serving an estimated customer base of 53.8 million users monthly. Learn more at
