Alcazar Capital Limited (ACL) announced Oct 15, 2018, that it had entered a strategic partnership with InQvest partners, the investment arm of FinTech Consortium. Per the deal, both companies have chipped in to raise a $100 million global FinTech fund. ACL will anchor the fund with one-tenth of the total capital.

This is a win-win situation for both companies as ACL has a lot to gain from InQvest Partners’ rich experience, expertise, and network in the FinTech sector, whereas InQvest could immensely benefit from ACL’s vast investment portfolio and the experience that comes along with it. Together, both bring more than enough resources and know-how on the table to widen the joint venture’s global reach and ability to develop successful portfolio companies.

Charbel Abou-Jaoude, CEO of Alcazar Capital Limited, acknowledged the role of InQvest within the joint venture by saying: “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.”

Gerben Visser, Founder of Fintech Consortium & Managing Partner of InQvest Partners, reciprocated: “Alcazar Capital Limited has a proven investment track record, and we are excited to leverage their investment and fund capabilities to build a successful global fund and fintech portfolio together.”

Worth noting here is that ACL recently merged with Trucial Investment Partners and named Maissan Almaskati as Managing Partner and Head of its North American platform. Almaskati has been now given the responsibility of overseeing the company’s expansion into the FinTech sector.

Jenan Al-Mukharriq

Jenan Al-Mukharriq

A highly driven organizing member of the StartUp Bahrain ecosystem. And a Project Manager at Matter In Hand with a passion for content creation and empowering communities.

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