The world’s first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service model.
DenizBank’s venture capital fund, Deniz Ventures, which operates under the Emirates NBD Innovation Fund, along with the Doha-based venture capital firm Rasmal Ventures, has invested in TeamSec. This $7.6 million investment will be directed towards operational growth, expansion across the MENA region, diversification of products and services, and an enhancement of offerings. By digitising securitisation processes, TeamSec’s AI and data analytics solutions aim to create significant value for financial institutions and investors, fostering a transparent financial ecosystem.
Ahmed Al Qassim, the group head of wholesale banking at Emirates NBD, emphasizes the substantial potential for securitisation in the region. "Our recent strategic investment in TeamSec, a fintech innovator focused on Securitisation-as-a-Service, underscores our commitment to shaping and growing this market. As the first investor in TeamSec, we are dedicated to supporting the founder and their team during this critical early stage."
Alexander Wiedmer, co-managing partner at Rasmal Ventures, shares his enthusiasm for TeamSec’s vision: "The company’s ambition to revolutionise the securitisation industry across the Middle East and beyond aligns with our mission. Their execution-focused team exemplifies the innovation we are eager to support. Our investment, alongside Deniz Ventures, signifies our commitment to advancing fintech solutions that transform traditional financial processes. By backing teams like TeamSec, we aim to accelerate digital transformation and strengthen the regional financial ecosystem."
Esad Erkam Köroğlu, founder and CEO of TeamSec, notes that the strategic investment from Deniz Ventures, combined with Rasmal Ventures’ VC expertise, plays a crucial role in achieving the company’s vision. "The trust placed in TeamSec’s vision and technological capabilities by these esteemed institutions showcases the confidence in our mission to revolutionise the securitisation market. This investment positions TeamSec not only as a leader in the fintech sector but also within the securitisation market, particularly in the MENA region. We aspire to solidify our role as a global game-changer in this field."