Riyadh - Sharikat Mubasher: Riyadh Valley Company (RVC), the investment arm of King Saud University, announced its investment in FinTech Collective Fund IV (FTC Fund IV), which focuses on early-stage investments in the global financial technology sector.
This investment aims to build a stable and balanced investment portfolio that supports King Saud University’s objectives and contributes to Vision 2030’s goals, the company announced in a recent press release.
The FTC Fund IV is managed by the US-based venture capital firm FinTech Collective, one of the leading investors specializing in fintech known for sourcing high-quality opportunities worldwide. The firm invests at the intersection of generative AI and financial services and owns a global portfolio across various markets, including Saudi Arabia, the UAE, Sweden, the United Kingdom, Brazil, Canada, and others.
Khaled Al-Saleh, CEO of Riyadh Valley Company, said: “Investing in FinTech Collective Fund IV aligns with Riyadh Valley Company’s strategic focus and contributes to the development of the local knowledge economy through a partnership with a globally specialized fintech investor.”
Riyadh Valley Company aims to fuel the adoption of an innovation culture, foster entrepreneurship, and leverage Saudi Arabia’s research capabilities, in addition to mobilizing, engaging, and overseeing investments in knowledge-based sectors.
