Dubai International Financial Centre (DIFC), a UAE financial services provider, has launched a $10 million financial technology fund.
The company has appointed both UAE venture capital firm Wamda Capital and Middle East Venture Partners to manage the new fund.
The fund seeks to accelerate the development of financial technology in the Middle East and North Africa, by investing in startups from incubation all the way through to the growth stage.
Wamda Capital expects to work closely with its partners at DIFC to develop a vibrant financial technology ecosystem serving the needs of its wider region.