{"id":98363,"date":"2024-11-28T00:00:00","date_gmt":"2024-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mashreq-and-emirates-invest-in-loanbook-owner\/"},"modified":"2024-11-28T00:00:00","modified_gmt":"2024-11-28T00:00:00","slug":"mashreq-and-emirates-invest-in-loanbook-owner","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/28\/mashreq-and-emirates-invest-in-loanbook-owner\/","title":{"rendered":"Mashreq and Emirates invest in LoanBook owner"},"content":{"rendered":"

Our friends at Mashreq, along with Emirates NBD, have made a strategic <\/strong>investment in fintech \u2014 and owner of EMEA-focused loan syndication platform <\/strong>LoanBook<\/a><\/strong> \u2014 NewBridge Fintech<\/strong>, according to a press release<\/a>. The size of the investment was not disclosed, but the funds will be used to grow the platform and increase access to market participants, the statement said. <\/p>\n

Mashreq is making the investment through its fintech-focused venture studio, NeoVentures. <\/strong>The venture studio will invest in \u201cdisruptive fintechs, [incubate] new ventures, and [co-create] tailored digital and AI-driven solutions.\u201d The investment in NewBridge will see Mashreq \u201cco-create and commercialize solutions across the EMEA markets to bring modernization to the syndicated loans market,\u201d Global Head of Investment Banking Chiradeep Deb said. <\/p>\n

Meanwhile, Emirates NBD aims to capitalize on this transaction to \u201caccelerate the loan syndication process\u201d<\/strong> and drive \u201ctechnological advancements that enhance both our operations and the global loan market,\u201d Head of Strategy Neeraj Makin said. This transaction will be Emirates NBD's first investment in a fintech based outside of the UAE.<\/p>\n

What does NewBridge do?<\/strong> The startup, which aims to automate the loan syndication and private credit space, is based in the UK and Dubai, and offers a loan trading platform to find and identify loan prospects and execute the transaction. The platform was used \u201csuccessfully\u201d to execute a multi-bn primary syndication for a large GRE, the statement said. <\/p>\n","protected":false},"excerpt":{"rendered":"

Mashreq will route its investment through its venture studio NeoVentures<\/p>\n","protected":false},"author":1,"featured_media":98364,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1557],"tags":[260,7,79,1342,25,288,147],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-emirates-nbd","tag-enterpriseam-uae","tag-fintech","tag-investment","tag-investment-watch","tag-mashreq","tag-startups","wpautop","entry"],"acf":{"mongo_id":"1118996b-c00a-4594-a517-5d42c1ebf4d0","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2638.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mashreq and Emirates invest in LoanBook owner","related_issue":[98351],"teaser":"Mashreq will route its investment through its venture studio NeoVentures","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.de99f10e-d42a-47e9-af5b-e9c8f8038706.mp3"},"yoast_head":"\nMashreq and Emirates invest in LoanBook owner - 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