InQvest Partners has formed a strategic partnership with Alcazar Capital, alongside the launch of a new $100m FinTech focused fund.
Alcazar Capital contributed 10 per cent of the total capital for the new vehicle, which is being managed by InQvest Partners, the Fintech Consortium’s investment arm.
This new fund will target FinTech companies across North America, Europe, Asia and the GCC. InQvest looks to invest between $500,000 and $5m into FinTechs that are in their late seed, Series A or B stages.
The firm backs companies across the FinTech space including P2P lending, wealth and asset management, cybersecurity, insurance, payments, RegTech, and cryptocurrency, among other areas.
Through the partnership, InQvest Partners will be able to merge its experience and network in FinTech with Alcazar’s investment history, the firm said.
Alcazar Capital CEO Charbel Abou-Jaoude said, “InQvest Partners offers a unique FinTech proposition to support its investments across markets. We look forward to working with them in supporting ambitious entrepreneurs during the early stages of their growth journey.”
Dubai-based Alcazar is a private equity firm which looks to make growth investments, secondary buyout sand project development across sectors including technology and telecoms.
The firm recently completed a merger with Trucial Investment Partners and named Maissan Almaskati as a managing partner and head of the North American platform, as well as spearheading FinTech investing.
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