back Back

Beams FinTech Fund looks to expand into the Middle East

By Leandra Monteiro

August 04, 2022

  • Beams Fintech Fund
  • FinTech
  • Fund Management
Share

Beams Beams Fintech Fund is India’s first-ever dedicated Growth Capital Fintech Fund, which invests in Companies operating at the confluence of Financial services and Technology space. The platform focuses on creating significant value for its portfolio companies and is looking to expand internationally and sees UAE well positioned to be the international hub to the rest of the Gulf, north and eastern African regions.

As one of the biggest trading partners, remittance partners, and FDI investors in India, UAE is equipped to provide the necessary capital and infrastructure to support the FinTech companies out of India.

Given the favourable demographic factors, the conducive regulatory framework pushed forward by the RBI, the CEPA, and the historical relationship between the two countries, this is the right time for institutions & investors in the region looking to build FinTech portfolios to diversify geographically by evaluating newer opportunities coming out of India.

With a target size of $120 million & a greenshoe option, Beams strategy is to invest $15 mn-$20 mn in Growth Stages, Series B & C rounds of FinTech companies led by high-quality founders. Beams follows a very strong co-investment approach towards investing and actively offers co-investment opportunities to its LPs. Beams plans to build a concentrated portfolio of a dozen FinTech companies in a market currently valued at $80 billion+ and is likely to touch $250+ billion by 2030. Beams is being launched by India’s first and largest integrated incubator, Venture Catalysts, that also has 9Unicorns, a $120 million early-stage sector-agnostic accelerator fund in its stable.

With more than 2.6 million members and a 30% population share, Indians constitute the largest expatriate community in the UAE and become the natural entry point for Beams portfolio companies. Middle East Banks, NBFCs, and Large Tech Founders can become part of Beams ecosystems to support the Middle East Fintech ecosystem.

On the need for a Fintech Fund, Anuj Golecha, Co-founder & Partner, Beams said, “Fintech opportunity is huge in India as it is the only tech segment in India that has created over $80 Bn in value in India and $8 bn in M&As. Our returns in BharatPe are a testament to the opportunity in the Fintech space in India. We have given 90x return to investors from BharatPe exit which turned Unicorn last year and are creating more Unicorns in this space. We have one of the best Fintech investing teams in India with an excellent track record.”

“Middle East & especially UAE plays an important role into India’s Tech ecosystem. Middle East investors are not only actively investing in India but supporting our Companies expand into Middle East. ADGM & ADIO has come up with special incentives to encourage Indian companies to come into Middle East and we are excited to help build the Fintech ecosystem in the region.,” said Deepak Ahuja, Fintech Expert Partner, Beams.

With higher adoption of technology and growing interest from Banks & FIs in UAE looking to collaborate on Technology, Product Creation & Partnerships with Fintechs, this would be the right time to bring models from India. Indian FinTechs can not only offer technology partnerships but also build larger outcomes in the region by the acquisition of domestic fintech players. They can collaborate by building larger regional platforms, build costs synergies etc

Previous Article

August 04, 2022

IndusInd Bank partners with M2P to offer digital first products

Read More
Next Article

August 04, 2022

Caary Capital and Ceridian partner to enhance services for Canadian SMBs

Read More










IBSi Daily News Analysis

December 06, 2022

Beams Fintech Fund

Why SMBs can’t switch payment providers despite desire  

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 06, 2022

Baillie Gifford goes live with corfinancial’s SureVu for CSDR Compliance

Read More

December 02, 2022

Teampay expands partnership with Mastercard; raises $47m

Read More

December 02, 2022

SAM Corporate gets financial investment from Transworld Group

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022