Phoenician Funds, More Capital’s dedicated venture capital arm, has just partnered with Bahrain FinTech Bay who is a leading FinTech Hub in the MENA region.

Jad Salame Panelist at ADGM’s Inaugural Digital Lab Demo Day.

Phoenician, More Capital’s dedicated venture capital arm, expanded its activities to the UAE by incorporating Phoenician Invest Ltd. (PIL).

Through its VC investment vehicle TIA, More Capital participated in a TPG led $100 million round raised by Onfido, the London based virtual ID verification platform.

Over the past five years, Phoenician Funds has built a portfolio comprising 20 promising seed and early-stage companies across the Middle East and Africa (MENA).

“More Capital” a leading provider of financial services in Lebanon adopted ICBS Solution to further automate its activities.

Through its VC investment vehicle TIA, More Capital participated in an $8.4 million Series A round raised by UAE-based fintech Sarwa.

Through its VC investment vehicle TIA, More Capital participated in a $1 million pre-series A bridge round raised by Cairo-based fintech MoneyFellows.

Jad Salame participated in the 6th Annual ABANA Summit @ Bloomberg on behalf of Phoenician Funds.

Jad talks about the background, strategy, and operations of Phoenician Funds at SmarTalk.