Dubai Future District Fund

Dubai Future District Fund is a venture capital firm established in 2021 and located in Dubai, United Arab Emirates. The firm specializes in investing in new economy companies, particularly within the technology sector, to support the growth and diversification of Dubai's economy. Its primary objective is to enhance startup and venture capital investment, thereby fostering business activity in Dubai and the surrounding region. By focusing on innovative industries, the fund aims to contribute to job creation and the development of essential skills for future generations. Additionally, the Dubai Future District Fund plays a vital role in accelerating initiatives that build ecosystem capacity, further positioning Dubai as a hub for emerging technologies and business opportunities.

Nader AlBastaki

Managing Director

Tiffany Bain

Principal, Portfolio Development

El-Badawi, Sharif

CEO

Karim Konsowa

Investment Associate

Dana Labin

Principal

AbdulBasit Qayed

Principal

Sushant Shenoy

Principal

Mahmoud Ward

Principal, Ecosystem Development

Past deals in Arab Countries

FinFlx

Pre Seed Round in 2022
FinFlx is a workplace financial wellness platform that assists small and medium-sized enterprises (SMEs) in designing and implementing financial benefits for their employees. The platform provides various savings plans tailored to different risk tolerances, including a capital protection plan that ensures the principal amount is safeguarded. By leveraging advanced technology, FinFlx streamlines the management of gratuity, moving away from traditional spreadsheets and paperwork to a user-friendly digital solution. This transformation not only enhances operational efficiency but also helps companies maintain a healthy balance sheet by keeping gratuity funds separate from operational cash flow. Additionally, FinFlx's platform supports employers in managing contributions to employees' gratuity plans in compliance with DIFC employment law, thereby enabling organizations to attract and retain talent through effective and transparent financial benefits.

Mamo

Series A in 2021
Mamo is a fintech startup based in Dubai, UAE, specializing in payment and financial solutions for small and medium-sized enterprises (SMEs). It is the first fintech company licensed by the Dubai Financial Services Authority to provide money services, enabling it to offer a diverse range of financial services. Mamo's flagship product, Mamo Business, serves as an alternative to traditional business banking, functioning as a financial operating system tailored to the needs of SMEs. The platform incorporates essential components such as payments, spend management, and analytics, facilitating efficient financial operations. Mamo's application allows businesses to accept payments in multiple currencies, issue virtual cards, manage expenses, and integrate with e-commerce platforms. Its customer base includes a variety of sectors, including B2B service providers, tourism, healthcare, wellness, and retail, helping to streamline financial processes and enhance analysis of spending habits.
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