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Overview

The 1957 Ventures EIR Program is an Entrepreneur in Residence path for experienced fintech operators to lead new venture-backed fintech companies in the MENA region. The official program page describes EIRs taking the helm as CEO with full support to build and scale a fintech venture. 1957 Ventures is a Riyadh-based fintech venture builder backed by Riyad Bank with more than SAR 800 million. Its official site describes a goal of building, launching, and scaling next-generation fintech ventures in Saudi Arabia, with 15+ ventures targeted by 2028 and three active ventures listed.

Investment focus

The 1957 Ventures EIR program focuses on building fintech ventures in alignment with Saudi Vision 2030. It targets experienced operators who can leverage their expertise to lead new ventures, addressing the need for innovation in the financial services sector in Saudi Arabia.

Program details

Applicants should highlight their leadership experience and understanding of the fintech landscape in MENA. A clear vision statement for the fintech venture is crucial.

Who it is for

Candidates must have 10+ years of experience in technology or fintech, demonstrating leadership capability and deep knowledge of MENA markets.

Check if you are eligible

Check your eligibility for 1957 Ventures EIR Program

Admissions and application

Candidates must create a profile on the careers portal, submit their CV and portfolio along with a fintech vision statement, and undergo a rigorous selection process including interviews and assessments.

Benefits

Participants gain access to a SAR 1 billion fund, dedicated support teams, proven methodologies, and connections with industry leaders across MENA.

Timeline

The program has a rolling intake with no fixed duration, as EIRs assume the CEO role of a new venture.

What came of it

The program has reported over $100 million in cumulative portfolio value across its ventures since its launch in May 2024.

How to go about it

  1. Read what it asks for

    Who can apply, how people get in and whether it is open right now.

  2. Have something to show

    Programs pick people whose work they can already point to. Put yours where it can be found.

  3. Apply the way the program asks

    The program has not published how to apply. Terms and dates change. Check the official page before you act.

What it pays

EIRs receive an attractive compensation package with equity participation in the venture they lead, along with access to dedicated support teams and resources.

Questions about this program

What is the role of an EIR?

EIRs lead a new fintech venture as CEO, supported by 1957 Ventures.

What qualifications are needed?

Candidates should have 10+ years in technology or fintech and strong leadership skills.

About 1957 Ventures

1957 Ventures

Venture Studio

Transforming fintech in Saudi Arabia.

Lists that include this program

From public sources

What the sources say about 1957 Ventures EIR Program

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