Dubai, UAE – Rasmal Ventures, in collaboration with Deniz Ventures, the corporate venture capital arm of Emirates NBD Group, has announced a strategic $7.6 million investment in TeamSec, the world’s first AI-powered Securitization-as-a-Service platform. This funding aims to accelerate TeamSec’s expansion across the MENA region and revolutionize the securitization industry with cutting-edge financial technology.
TeamSec leverages artificial intelligence and data-driven solutions to digitize securitization, creating a more efficient, transparent, and scalable financial ecosystem. The company’s bold vision to transform structured finance aligns with Rasmal Ventures’ commitment to supporting innovative fintech solutions that drive industry-wide impact.
“At Rasmal Ventures, we are dedicated to backing visionary founders who redefine industries through technology. TeamSec’s mission-driven and execution-focused approach exemplifies the ambition and innovation we seek to support,” stated a spokesperson from Rasmal Ventures.
The investment reaffirms the commitment of Emirates NBD and Deniz Ventures to fostering fintech innovation and strengthening the regional financial ecosystem. The signing ceremony for this joint investment marks a key milestone in advancing structured finance and promoting impactful partnerships in the industry.
TeamSec, led by CEO Esad Köroğlu, continues to push the boundaries of securitization with AI-driven solutions, making structured finance more accessible and efficient. The company’s expansion is set to enhance capital markets and offer transformative solutions to financial institutions across the MENA region.
Congratulations to the TeamSec team on this significant milestone! The partnership with Rasmal Ventures, Deniz Ventures, and Emirates NBD is expected to drive further innovation in the fintech space and support the company’s mission to redefine the future of securitization.
About Rasmal Ventures
Rasmal Ventures LLC is the first independent Qatari venture capital company, established under the jurisdiction of the Qatar Financial Center. Led by a team of seasoned venture capital experts, Rasmal Ventures aims to become an active player in the Middle East and North Africa region’s burgeoning startup and innovation ecosystem. Its first fund, The Rasmal Innovation Fund I is being launched with the support of key Qatari private investors and institutions. The team is working with QFCRA to incorporate the fund, and a first closing is expected to be announced in Q4 2023. Rasmal Ventures aims to raise a fund of $100 million, which will make up to 25 equity investments in Qatari start-ups and scale-ups offering outstanding growth potential as well as MENA and selective international technology investment opportunities at Pre-Series A, Series A, Series B stages. Rasmal Ventures aims to target high performing startups in fast-growing technology sectors. The fund will have a generalist tech approach across all sectors, but will also specialize in verticals such as climate tech and energy tech, supply chain logistics, fintech, B2B SaaS Software and Artificial Intelligence. It has identified these sectors as strategic to Qatar and offering tremendous growth potential in the region.
About TeamSec
TeamSec is a pioneering fintech and regtech company delivering the world’s first AI-powered “Securitization as a Service” (SaaS) platform, revolutionizing structured finance by enabling the transformation of illiquid assets into liquid, tradeable instruments. Specializing in capital optimization and liquidity enhancement, TeamSec provides financial institutions with tools to achieve regulatory capital relief through the off-balance-sheet securitization of credit portfolios, including mortgages, personal loans, and SME loans.
About Deniz Ventures
Deniz Ventures is the corporate venture capital arm of Emirates NBD Group, investing in high-potential startups that align with the bank’s vision for digital transformation and financial innovation. The firm actively supports emerging fintech companies that drive economic and technological advancements in the MENA region.