SVC Launches New Investment in Fintech VC Funds Product at the Financial Sector Conference 2023

Source: menabytes

Saudi Venture Capital Company (SVC), in partnership with the Capital Market Authority (CMA) and the Financial Sector Development Program (FSDP), launched a new product for investing in fintech VC funds at the Financial Sector Conference 2023. The product, called the Investment in Fintech VC Funds, is designed to support the growth of the fintech industry in Saudi Arabia and help investors access the country’s burgeoning startup ecosystem.

With an allocation of SAR 300 million from the investment portfolio, the fund will expose investors to a diversified portfolio of high-growth fintech startups across various sectors, including payments, lending, insurance, and wealth management.