Riyadh Valley Company, the investment arm of King Saud University, has announced its investment in FinTech Collective Fund IV (FTC Fund IV). The fund is managed by FinTech Collective, a US-based venture capital firm that specializes in early-stage investments within the global financial technology sector.
A Strategic Move Into Global FinTech
This investment aligns with Riyadh Valley Company’s strategy to foster the local knowledge economy by partnering with globally recognized specialists. The move aims to build a stable and balanced investment portfolio that not only supports the objectives of King Saud University but also contributes to the goals of Saudi Arabia’s Vision 2030. The global FinTech sector, valued at approximately $245 billion in 2021, is projected to exceed $1.5 trillion by 2030, presenting a significant growth opportunity.
Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, commented on the deal, stating, “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.”
Tapping Into Specialized Expertise
FinTech Collective is a leading venture capital firm with over $770 million in assets under management. The firm is known for sourcing high-quality investment opportunities worldwide, focusing on the intersection of generative AI and financial services. Its global portfolio includes companies across key markets such as the United States, Saudi Arabia, the United Arab Emirates, the United Kingdom, and Canada, providing Riyadh Valley Company with exposure to a diverse and high-potential pipeline of FinTech innovation.
About Riyadh Valley Company
Riyadh Valley Company is the strategic investment arm of King Saud University in Riyadh, Saudi Arabia. It aims to contribute to the development of the knowledge economy by investing in and supporting startups and venture capital funds in strategic technology sectors, aligning its goals with the university’s vision and the national objectives of Saudi Vision 2030.
Source: Riyadh Valley Company
