Riyadh Valley Company —the investment arm of King Saud University— announces its investment in FinTech Collective Fund IV (FTC Fund IV), a fund managed by the U.S. based venture capital firm FinTech Collective, which focuses on early-stage investments in the global financial technology sector.
FinTech Collective is recognized as one of the leading investors specializing in fintech and is known for sourcing high-quality opportunities worldwide. The firm invests at the intersection of generative AI and financial services, and has built a global portfolio across markets including the United States, Saudi Arabia, the United Arab Emirates, Sweden, the United Kingdom, Brazil, Canada, and Denmark. FinTech Collective manages assets in excess of $770 million.
Commenting on the investment, Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, stated: “Investing in FinTech Collective Fund IV aligns with Riyadh Valley Company’s strategic focus and contributes to the development of the local knowledge economy through a partnership with a globally specialized fintech investor. The global fintech sector was valued at approximately $245 billion in 2021 and is expected to grow significantly, with revenues projected to surpass $1.5 trillion by 2030.”
The investment of Riyadh Valley Company in FTC Fund IV aims to build a stable and balanced investment portfolio that supports King Saud University’s objectives and contributes to achieving the key goals of Saudi Arabia’s Vision 2030 in the field of knowledge economy.