{"id":107393,"date":"2025-09-11T00:00:00","date_gmt":"2025-09-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-backs-venturesouqs-second-fintech-fund\/"},"modified":"2025-09-11T00:00:00","modified_gmt":"2025-09-11T00:00:00","slug":"mubadala-backs-venturesouqs-second-fintech-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/11\/mubadala-backs-venturesouqs-second-fintech-fund\/","title":{"rendered":"Mubadala backs VentureSouq\u2019s second FinTech Fund"},"content":{"rendered":"

Mubadala invests in VentureSouq\u2019s latest fund: <\/strong>Abu Dhabi sovereign wealth fund Mubadala invested in GCC-based venture capital firm VentureSouq\u2019s FinTech Fund II, according to a press release<\/a>. The value of Mubadala\u2019s investment ticket value wasn\u2019t disclosed. The second fund\u2019s other backers include Saudi Arabia\u2019s Jada Fund of Funds, Saudi Venture Capital (SVC), Saudi Awwal Bank (SAB), Takamol Holding, Krafton, and Jordan\u2019s Innovative Startups and SMEs Fund (ISSF).<\/p>\n

The fund in focus: <\/strong>The new capital will target investments in early-stage fintech and SaaS startups in the MENA region across different sectors including payments infrastructure, digital banking, proptech, alternative credit, personal financial management, and ins. tech. <\/p>\n

Fund II follows on from a strong track record<\/strong>, with VentureSouq previously backing startups like Tabby, which had a market cap of USD 3.3 bn in June<\/a>, as well as Huspy, Yassir, and Salla. Established in 2017, the VC firm has invested in over 200 companies globally, with around USD 250 mn in assets under management. <\/p>\n

\n

IN OTHER STARTUP NEWS-<\/p>\n

Pollen Street backs UAE\u2019s CredibleX: <\/strong>UK-based Pollen Street Capital extended a USD 100 mn senior secured lending facility to Abu Dhabi fintech CredibleX<\/a>, Bloomberg<\/a> reports. The funding marks Pollen\u2019s first agreement in the country after opening an Abu Dhabi office earlier this year<\/a>. It will be used to expand the startup\u2019s SME loan book in the UAE. <\/p>\n

CredibleX<\/strong>?<\/strong> Founded in 2023 by Anand Nagaraj (LinkedIn<\/a>), Ahmad Malik (LinkedIn<\/a>), and Hassan Reda (LinkedIn<\/a>), CredibleX provides SMEs with working capital, receivables and payables financing, and short-term loans.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new capital will target investments in early-stage startups across payments infrastructure, digital banking, proptech, alternative credit, personal financial management, and ins. tech<\/p>\n","protected":false},"author":1,"featured_media":107394,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[7,1343,78,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-uae","tag-mubadala","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"85836d63-0ebe-422d-b0c5-df1e41e60c9c","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/607.jpg","photo_position":"above","homepage_title":"","full_issue_title":"VentureSouq\u2019s FinTech Fund II secures backing from Abu Dhabi sovereign wealth fund Mubadala","related_issue":[107381],"teaser":"The new capital will target investments in early-stage startups across payments infrastructure, digital banking, proptech, alternative credit, personal financial management, and ins. tech","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.29a23e92-d689-460e-8f6a-a2bd5fbd16e9.mp3"},"yoast_head":"\nMubadala backs VentureSouq\u2019s second FinTech Fund - 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