Deniz Ventures and Rasmal Ventures Propel TeamSec with $7.6 Million Investment
Deal News | Jan 31, 2025 | PR Newswire Cision Denizbank
DenizBank's Deniz Ventures, in collaboration with Qatar's Rasmal Ventures, has invested $7.6 million in TeamSec, an AI-powered securitization platform. This investment is aimed at accelerating TeamSec’s growth and expansion within the Middle East and North Africa (MENA) and diversifying its product offerings. TeamSec, celebrated as the pioneer of Securitization-as-a-Service, is noted for its ability to digitize and streamline securitization processes, promising increased efficiency and transparency in the financial ecosystem. Leaders from both ventures highlighted the strategic significance of this injection and emphasized the role of digital transformation in advancing the fintech and finance industries.
Sectors
- Finance
- Financial Technology (FinTech)
- Venture Capital
Geography
- Middle East and North Africa (MENA) – The focus of TeamSec's expansion plans and the operational region of the investing firms, Deniz Ventures and Rasmal Ventures, is primarily within the MENA region.
- Turkey – DenizBank, under which Deniz Ventures operates, is based in Turkey, making it a significant geography in the context of this investment.
- Qatar – Rasmal Ventures, one of the key investors in TeamSec, is headquartered in Doha, Qatar.
Industry
- Finance – The article discusses innovations in securitization, a key segment of the finance industry, focusing on digital transformation and finance sector collaborations.
- Financial Technology (FinTech) – TeamSec's AI-powered platform and securitization solutions position it firmly within the FinTech industry, driving innovation in digital finance solutions.
- Venture Capital – The $7.6 million investment by Deniz Ventures and Rasmal Ventures is rooted in the venture capital industry, supporting technological advancements in financial services.
Financials
- 7.6 million USD – Total investment raised by TeamSec from Deniz Ventures and Rasmal Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TeamSec | Target Company | Company | An AI-powered securitization platform offering innovative Securitization-as-a-Service solutions. |
| Deniz Ventures | Bidding Company/Investor | Company | The venture capital arm of DenizBank, involved in investing in promising fintech startups. |
| Rasmal Ventures | Bidding Company/Investor | Company | A Doha-based venture capital firm focusing on technology startups. |
| Emirates NBD | Other - Parent Company of Deniz Ventures | Company | A leading banking group in the MENAT region, providing a range of banking services. |
| Esad Erkam Köroğlu | Founder and CEO | Person | Founder and CEO of TeamSec, leading the company’s drive in securitization innovation. |
| Neeraj Makin | Group Head of Strategy, Analytics, and Venture Capital | Person | Group Head at Emirates NBD, aligning the bank's strategic investments in fintech. |
| Ahmed Al Qassim | Group Head of Wholesale Banking | Person | Representative from Emirates NBD commenting on the Group's investment in TeamSec. |
| Alexander Wiedmer | Co-Managing Partner | Person | Co-Managing Partner at Rasmal Ventures, underscoring the investment’s strategic importance. |
| Gürhan Çam | CEO | Person | CEO of NEOHUB, emphasizing the importance of technological investments in fintech. |