Riyadh - Exclusive Sharikat Mubasher: On the Sideline of the Biban 24 Conference, Sharikat Mubasher interviewed Haitham Alsahfy, Managing Director at Fintactics Ventures, who asserted that the fintech scene in the Kingdom and the region is witnessing a prominent momentum, according to recent reports.
This is a natural result of the great support this sector is enjoying, either from governmental funds or legislators, backed by The Financial Sector Development Program.
All these factors, Alsahfy continues, led to such an unprecedented momentum within the fintech sector, which resulted in the emergence of multiple startups in the market, participating at the moment in Biban 24, bolstered by a big investment desire, financial liquidity available to pump more investment in this particular sector.
Fintactics Ventures, based in Riyadh, Saudi Arabia, is a prominent VC Fund and Venture Studio strives to reshape the financial sector's trajectory. With a cutting-edge investment model, Fintactics Ventures is committed to a mission to collaborate with and support emerging fintech ventures.
Alsahfy asserted that the company deals with all key players in the financial ecosystem, including banks, financial institutions, young entrepreneurs, and investors.
Alsahfy pointed out that Fintactics Ventures is a partner to about 13 companies in the fintech sector, which the company participated in building, invested in, or collaborated with.
The CEO further said that Fintactics Ventures opts for innovative companies with a powerful and sustainable business model, and able to generate significant revenues for investors.
The CEO also revealed that the company has recently signed a partnership with one of the banks, a public data-providing company, technical services providers, and fintech startups, before and after Biban 24, asserting that the company is open to all kinds of collaborations in the future.
Expected to welcome over 160,000 visitors, Biban 2024, which runs in Riyadh from 5 to 9 November, will provide 10,000 investment and entrepreneurial opportunities, 420 workshops for over 19,000 beneficiaries, and consultation and guidance sessions for more than 5,000 beneficiaries.