TeamSec, the world’s first AI-powered securitization startup, has successfully raised $7.6 million in funding. The round was led by Rasmal Ventures, Qatar’s first independent venture capital firm, with participation from Deniz Ventures, the venture capital arm of DenizBank.
As a securitization platform offering end-to-end services to both financial and non-financial institutions, TeamSec aims to expand its product and service portfolio using AI-driven data analytics solutions. The company is also focused on strengthening the financial sector and scaling operations across the Middle East and North Africa (MENA) region.
Strategic Investment to Drive Growth in the Securitization Market
Speaking at the investment announcement, Ahmed Al Qassim, Group Head of Corporate Banking at Emirates NBD, emphasized the significance of securitization in fostering regional economic growth:
“We recognize the critical role of securitization in supporting regional growth. Our strategic investment in TeamSec, a fintech specializing in this field, reflects our commitment to driving the expansion of this market. We are proud to be among TeamSec’s early-stage backers.”
Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, highlighted how investing in innovative fintech startups aligns with the bank’s digital vision:
“Under the Emirates NBD Innovation Fund, our investments in fintech companies like TeamSec reinforce our commitment to becoming the most innovative bank. As our industry undergoes transformation through disruptive technologies, we aim to enhance the digital experience for our customers.”
Supporting Digital Transformation in Financial Services
Gürhan Çam, CEO of NEOHUB, underlined the importance of digital transformation in the fintech sector and its impact on financial efficiency and transparency:
“Digital transformation in the fintech industry has become essential for making financial transactions more efficient and transparent. As DenizBank and NEOHUB, our investment in TeamSec aims to bridge the technological gaps in the securitization sector and contribute significantly to the financial ecosystem.”
Alexander Wiedmer, Co-Managing Partner at Rasmal Ventures, expressed enthusiasm for TeamSec’s potential in the MENA region:
“TeamSec’s bold vision for developing the securitization market in the Middle East and North Africa strongly aligns with our perspective. We are excited to support this mission-driven team with outstanding execution capabilities. Through our investment with Deniz Ventures, we are proud to back fintech solutions that transform traditional financial processes.”
Positioning TeamSec as a MENA Fintech Leader
Esad Erkam Köroğlu, Founder & CEO of TeamSec, emphasized that this investment validates the company’s technological capabilities and mission to transform the securitization market:
“The investment from Emirates NBD, Rasmal Ventures, and Deniz Ventures demonstrates confidence in our vision and technological expertise. More importantly, it supports our mission to revolutionize the securitization market. With this investment, TeamSec will position itself as a leading fintech company in the MENA region.”
With its AI-powered securitization platform, TeamSec is set to reshape the financial industry, delivering data-driven, automated solutions that enhance efficiency, transparency, and accessibility in securitization markets across the MENA region.
