PB Fintech’s AED 12 mn wager

Gurugram-based fintech firm PB Fintech invested around AED 12 mn (INR 314 mn) in its UAE arm Genesis Group to expand its presence in overseas markets, as per a regulatory filing (pdf). The investment was made through its wholly owned subsidiary Icall Support Services and was completed on 31 March using IPO proceeds allocated for overseas expansion.

UAE footprint: Genesis Group is the holding company for PolicyBazaar Middle East Ins. Brokers, a Dubai-based licensed broker offering life and general ins. products. The transaction involved the purchase of 15 shares at roughly AED 800 k apiece and was structured as a related-party agreement conducted at arm’s length.

Future Wealth debuts USD 50 mn venture fund

Singapore-based investment firm Future Wealth Investments kicked off its debut venture fund targeting USD 50 mn, with a USD 10 mn greenshoe option, taking the potential fund size to USD 60 mn, Business Standard reports. It will invest from pre-seed to Series A rounds, inking checks between USD 250k-5 mn across 20 startups.

A corridor player: Future Wealth is focusing its geographic scale across India, the UAE, and Singapore to combine India’s startup scale, Singapore’s capital access, and the UAE’s growing role as a base for global founders. The fund is sector-agnostic but prioritizes AI, consumer, supply chains, and hardware, targeting early-stage wagers before their categories fully mature.

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