Deniz Ventures, the venture capital arm of DenizBank—established under the umbrella of Emirates NBD Group's corporate venture capital arm, Emirates NBD Innovation Fund, and managed by DenizBank's innovation, entrepreneurship, and digital arm, NEOHUB—partnered with Qatar-based Rasmal Ventures to jointly invest USD 7.6 million in TeamSec, the world's first AI-powered securitization platform.
This investment is expected to enhance TeamSec's product and service offerings through advanced AI-driven and data analytics solutions, while supporting its expansion across the MENA region. The announcement was made at a ceremony held at the Emirates NBD Headquarters in Dubai.
Speaking at the event, Emirates NBD Wholesale Banking Group Head Ahmed Al Qassim highlighted the crucial role of securitization in driving regional economic growth. “Our strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, demonstrates our commitment to shaping this market and enabling its growth. We are proud to be among the early-stage backers of such an innovative enterprise," he stated.
Emirates NBD Strategy, Analytics & Venture Capital Group Head Neeraj Makin underscored the importance of supporting pioneering fintech firms. He noted that through the Emirates NBD Innovation Fund, this investment aligns with the bank's vision of becoming the most innovative financial institution. “As disruptive technologies reshape the financial sector, we remain dedicated to enhancing the digital experience for our clients," he said.
Commenting on the investment, NEOHUB CEO Gürhan Çam emphasized that digital transformation in fintech is essential for improving efficiency and transparency in financial transactions. “DenizBank and NEOHUB are investing in TeamSec to address technological gaps in securitization and to make a significant contribution to the financial ecosystem," he added.
Rasmal Ventures Co-Managing Partner Alexander Wiedmer expressed enthusiasm about supporting TeamSec's ambitious vision for expanding the securitization market in MENA. “TeamSec's bold vision aligns perfectly with our perspective. We are excited to back a highly capable and execution-focused team. Partnering with Deniz Ventures in this investment allows us to support fintech solutions that transform traditional financial processes," he remarked.
TeamSec Founder and CEO Esad Erkam Köroğlu described the investment as a significant milestone for the company. Backed by Deniz Ventures, Emirates NBD, and Rasmal Ventures, he believes the investment reinforces confidence in TeamSec's vision and technological expertise. “This funding plays a crucial role in our mission to revolutionize the securitization market and is set to position TeamSec as a leading fintech company in the MENA region," he stated.
This investment marks a significant step toward fostering innovation in fintech and strengthening the financial sector in MENA through AI-driven securitization solutions.