SC Ventures, the venture capital arm of Standard Chartered, has expanded its operations to Abu Dhabi, UAE. The move comes after the company entered into a joint venture with Japanese firm SBI Holdings in the UAE. SC Ventures aims to promote innovation, invest in disruptive fintech, and explore new business models within the banking sector. The UAE has become a significant hub for crypto investments, with a surge in institutional and professional interest in cryptocurrencies. Gautam Jain, a key member of SC Ventures, will lead the Abu Dhabi office and the company plans to engage with the fintech ecosystem and explore opportunities in digital assets, SMEs, sustainability, and inclusion. SC Ventures’ expansion aligns with the UAE’s goal of developing thousands of SMEs and startups by 2030.
SC Ventures eyes Abu Dhabi, seeks fintech and digital asset chances.
Latest from News
Nu Holdings thrives with growth while mitigating risks in fintech.
TLDR: Key Points: Fintech sector experiencing growth and risks Nu Holdings stands out with aggressive growth strategy In the fintech sector, where significant fluctuations
Swiss FinTech nSave raises $4m to boost financial inclusivity.
TLDR: Swiss FinTech nSave has secured $4m in seed funding to support financial inclusivity. The funding round was co-led by Sequoia Capital and TQ
F|T: WondrerFi goes global with Australian crypto license
Article Summary TLDR: Key Points: Canadian startup WonderFi acquires Australian crypto trading license for international expansion. Rails raises $6.2M for decentralized FTX alternative. In
Black Banx revolutionizes digital banking with Fintech-Techfin fusion and inclusivity.
Article Summary TLDR Key Points: Fintech and Techfin bring innovation to the financial services industry Black Banx is a notable player in the digital
Paytm denies layoffs despite SVP resignation at fintech company.
TLDR: Praveen Sharma, SVP of business at Paytm, has resigned to pursue other opportunities. Paytm denies reports of significant workforce reduction and is focused