Dubai-based investment firm Alcazar Capital Limited (ACL) and Singaporean financial services company Fintech Consortium’s investment arm, InQvest Partners (IQP), have partnered to launch a $100 million global financial technology fund.
ACL said in a statement that it has also committed to anchor the fund with 10 percent of total capital.
The fund partnership will allow IQP to combine its expertise, knowledge and network in fintech with ACL’s investment experience and track record to jointly build a successful dedicated financial technology venture capital fund.
IQP said that Alcazar Capital has a proven investment track record and it expects to leverage investment and fund capabilities to build a successful fund and financial technology portfolio together.