The Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in Jordan, announced a $2 million investment in VentureSouq Fund II, a MENA-based venture capital fund manager with a global portfolio, particularly focusing on FinTech.<\/p>\n\n\n\n
Finalized in June, this investment underscores ISSF\u2019s ongoing commitment to supporting promising Jordanian start-ups, as stated on the ISSF website.<\/p>\n\n\n\n
The ISSF has stipulated that VentureSouq reinvest in Jordanian companies at a multiple of their initial investment, reinforcing their dedication to the Jordanian entrepreneurial ecosystem.<\/p>\n\n\n\n
ISSF CEO Mohammed Muhtaseb expressed pride in this partnership and investment in VentureSouq, noting, “VentureSouq has shown a strong belief in the Jordanian ecosystem by investing in local companies. Over the past four years, the FinTech sector has been the most active in the MENA region, securing 52% of total MENA VC funding.”<\/p>\n\n\n\n
Muhtaseb added, “Jordanian FinTech startups have significant opportunities to thrive. Partnering with a FinTech-focused fund like VentureSouq presents a strategic chance to enhance the Jordanian FinTech ecosystem. This aligns with national efforts to develop this sector and the Central Bank of Jordan\u2019s initiatives in FinTech.”<\/p>\n\n\n\n
VentureSouq\u2019s Co-founder and General Partner Sonia Gokhale remarked, “We see the Jordan ecosystem as a hub for high-quality talent, a secure foundation for early-stage companies, and a market that readily adopts technology.”<\/p>\n\n\n\n
General Partner at VentureSouq, Maan Eshgi, stated, “This partnership with the ISSF will significantly bolster our efforts in Jordan and play a crucial role in our financial success. More importantly, it moves us closer to our goal of serving as a regional unifier, helping our portfolio companies quickly access GCC and global markets.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in Jordan, announced a $2 million investment in VentureSouq Fund II, a MENA-based venture capital fund manager with a global portfolio, particularly focusing on FinTech. Finalized in June, this investment underscores ISSF\u2019s ongoing commitment to supporting promising Jordanian start-ups, as stated […]<\/p>\n","protected":false},"author":2,"featured_media":28153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[4826,2445],"class_list":["post-28149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-issf","tag-venturesouq"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/28149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=28149"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/28149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/28153"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=28149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=28149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=28149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}