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1957 Ventures is a fintech venture builder based in Saudi Arabia, officially launched in 2024. The firm is backed by Riyad Bank and manages a fund exceeding SAR 800 million, which is approximately $213 million. The organization is dedicated to transforming financial services in the region, focusing on innovation and growth within the fintech sector.
Since its inception, 1957 Ventures has aimed to deploy over 15 ventures by 2028, indicating a strong commitment to expanding its portfolio. The firm operates with a clear vision to enhance the fintech landscape in Saudi Arabia, leveraging its substantial financial backing and strategic partnerships.
1957 Ventures specializes in investing in early-stage fintech startups, providing both capital and expertise to help these companies scale from concept to market leadership. The firm engages in venture building by developing innovative fintech solutions in-house, which allows them to maintain a hands-on approach to their investments.
In addition to direct investments, 1957 Ventures forms strategic partnerships to introduce international fintech solutions to the Saudi market. This dual approach of investing and venture building positions the firm uniquely within the fintech sector, enabling them to foster innovation while addressing local market needs.
As of now, 1957 Ventures has three active ventures in its portfolio. The firm is on track to deploy a total of over 15 ventures by 2028, showcasing its ambition to significantly expand its influence in the fintech space.
While specific details about the active ventures are not disclosed, the focus remains on early-stage fintech companies that align with their mission to transform financial services in Saudi Arabia.
Renier Lemmens - CEO, brings extensive experience in fintech and venture building.
Alvaro Rojo - SVP, Head of FinTech, specializes in financial technology and strategic partnerships.
Abdullah AlZaini - SVP Portfolio Management, oversees the firm's investment strategy and portfolio performance.
Ziad Abdulaal - SVP, Direct Investment, focuses on sourcing and executing investment opportunities.
Stuart Bateman - VP Technology & Marketing, leads technology initiatives and marketing strategies.
Noha Suleimani - VP Compliance, ensures regulatory adherence and risk management.
Basel AlAkkad - VP Venture Building, drives the development of in-house fintech solutions.
Meshal Al Shammari - Operations Manager, manages day-to-day operations and logistics.
Maha AlTwijry - Partnerships Manager, develops strategic partnerships to enhance the firm's offerings.
Basharat Aziz - Head of PMO, oversees project management and execution.
Diaa Osama - Senior Analyst Data & AI, focuses on data-driven insights and AI applications.
Ahmed Alsamaani - Senior Product Manager, leads product development initiatives.
Lolwa Alzamil - Senior Associate, supports investment analysis and portfolio management.
Nasser Alalwan - Direct Investments Analyst, assists in evaluating investment opportunities.
Dina Abaalkhail - Security Software Engineer, ensures cybersecurity measures are in place.
Lama Alnimer - AI Application Engineer, develops AI solutions for fintech applications.
Haya Alzamil - Social Media Specialist, manages the firm's online presence and communications.
Startups should pitch to 1957 Ventures through their website. A comprehensive pitch deck is essential, including details on the business model, market analysis, and team qualifications. Response times may vary, so founders should be prepared for follow-up discussions.
1957 Ventures runs a program under the same name, focusing on venture building within the fintech sector. This program aims to develop innovative solutions and support early-stage startups in scaling their operations.
Eligibility for the program typically includes early-stage fintech startups looking for investment and support in developing their business models. Interested parties can apply through the firm's website.
In 2024, 1957 Ventures officially launched as a fintech venture builder in Saudi Arabia, backed by Riyad Bank. The firm has begun engaging in venture building and forming strategic partnerships to introduce international fintech solutions to the region.
As of now, 1957 Ventures has three active ventures and aims to deploy a total of over 15 ventures by 2028, marking a significant milestone in its growth strategy.
What are the investment criteria for 1957 Ventures?
1957 Ventures invests in early-stage fintech startups that demonstrate potential for growth and innovation. They look for companies that can scale effectively and contribute to the transformation of financial services in the region.
How can startups apply or pitch to 1957 Ventures?
Startups interested in funding can apply through the 1957 Ventures website at 1957 Ventures Application. It is advisable to provide a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes 1957 Ventures different from other investors?
1957 Ventures combines investment with venture building, allowing them to develop fintech solutions in-house while also investing in external startups. This approach provides a unique advantage in understanding market needs and fostering innovation.
What is the geographic scope of 1957 Ventures?
The firm focuses primarily on the Saudi Arabian market, aiming to transform financial services within the region. However, they also seek to introduce international fintech solutions to enhance local offerings.
What is the typical check size for investments?
While specific check sizes are not disclosed, 1957 Ventures focuses on early-stage investments, which typically range from pre-seed to seed funding stages.
What kind of post-investment involvement can startups expect?
1957 Ventures provides operational support and strategic guidance to its portfolio companies, helping them navigate the challenges of scaling their businesses in the fintech sector.
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