Revival Lab launches a $40m FinTech VC builder and fund

Revival Lab launches a $40m FinTech VC builder and fund

Revival Lab launches a new venture builder named Fintactics Ventures, the venture builder will be specialized in FinTech, insurance, and regulatory technologies in the region.

“As a venture builder specialized in fintech, we seek to make Fintactics Ventures the initiator and supporter of rapid growth in the sector on solid foundations creating an attractive environment for competition and entrepreneurship by providing resources and capabilities through cooperation to accelerate the development process in startups and be among the recent organizations to strengthen the national ecosystem in the field,” Haitham Al-Sahafi, CEO of Fintactics Ventures, said.

The fund made by Revival Lab is supported by 150 million SAR (which accounts for almost $40 million) approved by the Capital Market Authority (CMA) and managed by Arbah Capital to invest in promising opportunities in the sector in Saudi Arabia, the Middle East and the rest of the world.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.