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Fintactics Announces New Strategic Partnership with Ethos Invest and Arbah Capital to Invest in Early Stage FinTech Businesses

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Fintactics, a Saudi based, leading venture builder specializing in financial technology, today announced a new strategic partnership with Ethos Invest, a global investment firm, and Arbah Capital, a prominent investment firm licenced by the Capital Market Authority (CMA) in Saudi Arabia in relation to its Fintactics Financial Technology Fund.

RIYADH, Saudi Arabia, Sept. 4, 2024 /PRNewswire-PRWeb/ — Fintactics, a Saudi based, leading venture builder specializing in financial technology, today announced a new strategic partnership with Ethos Invest, a global investment firm, and Arbah Capital, a prominent investment firm licenced by the Capital Market Authority (CMA) in Saudi Arabia in relation to its Fintactics Financial Technology Fund.

The fund, targeting $40 million (150M SAR) in commitments and managed by Arbah Capital, aims to make Shariah-compliant investments in early-stage FinTech companies primarily in the Kingdom, but also in the Middle East and the rest of the world.

This collaborative effort marks a significant milestone in fostering innovation within the Saudi financial services industry and leverages the expertise of each organization: Fintactics’ proven track record in building successful ventures in the country, Ethos Invest’s global investment expertise, and Arbah Capital’s deep understanding of the regional financial landscape.

The fund, targeting $40 million (150M SAR) in commitments and managed by Arbah Capital, aims to make Shariah-compliant investments in early-stage FinTech companies primarily in the Kingdom, but also in the Middle East and the rest of the world. The targeted fundraising would put the fund at the forefront of private venture capital funds in Saudi Arabia, in terms of size.

The partnership signifies increasing global confidence in startups in the Kingdom. Saudi Arabia has rapidly become a leading hub in the FinTech industry and for venture capital in the region, ranking first across MENA for total venture capital funding in the first half of 20241. This significant growth can be seen in light of efforts taken under Vision 2030 to develop Saudi’s venture capital ecosystem.

Early Investments Showcase Commitment to Supporting Innovative Founders

The team are already engaging actively with startups in the venture capital ecosystem and have built a strong pipeline of deal opportunities in the Kingdom and globally.

Several investment opportunities have been secured for the fund and it is envisaged that capital will be deployed into a number of exciting FinTech businesses later this year.

Building a Thriving Ecosystem

“We are delighted to announce this new strategic partnership with Ethos Invest, which is a real vote of confidence in the burgeoning Saudi FinTech sector,” said Haitham Alsahfy, Co-Founder & CEO of Fintactics. “It underscores the immense potential of the FinTech sector and our commitment to backing innovative companies that are reshaping the financial landscape in the region and globally.”

“By combining Fintactics’ venture building capabilities with Ethos Invest’s global reach and Arbah Capital’s regional expertise, we are uniquely positioned to identify and nurture the next generation of financial services leaders.”

Kevin Cunningham, Partner at Ethos Invest, added, “By combining Fintactics’ venture building capabilities with Ethos Invest’s expertise and Arbah Capital’s regional knowledge, we are uniquely positioned to identify and nurture the next generation of financial services leaders in Saudi Arabia. The fund aligns with our broader mission to help build new businesses that leverage cutting edge financial and technology solutions to make people’s lives better.”

Waleed Al-Rashdan, CEO of Arbah Capital, concluded, “This fund represents a strategic investment in the future of finance. We are excited to collaborate with Fintactics and Ethos Invest and join forces in fostering a vibrant FinTech ecosystem in Saudi Arabia and beyond. We are confident that our collaboration will unlock tremendous opportunities for regional and global financial innovation.”

About Fintactics Ventures

Fintactics Ventures, headquartered in Riyadh, Saudi Arabia, is a premier fintech dedicated VC fund and venture studio with a vision to redefine the future financial landscape. This venture-building entity is dedicated to fostering, propelling, and investing in innovative startups not just in Saudi Arabia but extending to the broader MENA region and Globally. Through its endeavors, Fintactics cultivates a technologically-driven ecosystem, significantly advancing growth both on a regional and local scale.

About Ethos Group

Ethos Invest is part of the Ethos Group whose mission is to build a digital ecosystem of ethical financial service firms that solve the values- and faith-based compromises made by millions of customers globally, improving their financial wellbeing in the process. The Ethos Group and its subsidiaries, is currently undergoing a rebranding process, and will have a new name in due course.

About Arbah Capital

Arbah Capital is the First Islamic Boutique Investment firm in Eastern Region of Kingdom of Saudi Arabia, and thus embarked on an ambitious and visionary mission to provide investment solutions to their investors.

1 H1 2024 Saudi Arabia Venture Capital Report. MAGNiTT Report, Sponsored by SVC

Media Contact

Jessica Joyce, PR Novo LLC, 1 (325) 221-3634, hello@prnovo.com, https://prnovo.com 

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SOURCE Fintactics Ventures

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Dana-Farber Cancer Institute Partners with Clinical.ly to Enhance Regulatory Operations with eReg Solutions

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September 19, 2024

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — The Dana-Farber Cancer Institute, a world leader in cancer treatment and research, chose Clinical.ly’s (www.clinical.ly) Research Suite™ to streamline regulatory operations, marking a significant step toward more efficient and compliant clinical trial management. Dana-Farber joins a growing number of research organizations that leverage Clinical.ly’s innovative solutions to streamline clinical trial processes. Clinical.ly’s eReg platform offers a comprehensive, paperless solution that centralizes regulatory workflows, ensuring compliance and transparency across clinical trials.

“We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO.

This partnership continues Clinical.ly’s success in providing best-in-class enterprise tools for conducting clinical research. “We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO. “Our eReg platform and wider set of features in Clinical.ly Research Suite™ will empower that renowned organization, and we all look forward to supporting their teams.”

About Clinical.ly Research Suite™ 

Clinical.ly Research Suite™ is a comprehensive solution that eliminates traditional, paper-based processes. By automating and centralizing essential workflows in the Clinical.ly Research Suite™, organizations achieve huge efficiency improvements, greater trial oversight, document management, and regulatory compliance. The Clinical.ly Research Suite™ includes:

eReg: A best-in-class electronic regulatory bindereSource: An intuitive & feature-rich, paperless data capture solution that streamlines data collection from trial participantseConsent: A fully digital solution for capturing informed consent, improving participant engagement and site complianceClinicallySign: 21 CFR Part 11 compliant eSignature functionalityClinicallyPay: A secure and instantaneous participant stipend payment and reimbursement solution

About Dana-Farber Cancer Institute

Founded in 1947, Dana-Farber Cancer Institute is committed to providing adults and children with the best treatment available today while developing tomorrow’s cures through cutting-edge research. Based in Boston, Dana-Farber is a teaching affiliate of Harvard Medical School and ranks consistently as one of the top cancer hospitals in the world.

About Clinical.ly

Clinical.ly provides differentiated, cloud-native technology solutions to the clinical research industry, enabling research organizations to conduct studies with greater efficiency and ease. Clinical.ly is dedicated to developing technology that eliminates tedious manual labor, allowing clinical research professionals to focus on patient care.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dana-farber-cancer-institute-partners-with-clinically-to-enhance-regulatory-operations-with-ereg-solutions-302253690.html

SOURCE Clinical.ly

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Fall Into Creativity with the Monport Laser Fall Sale

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38 mins ago

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September 19, 2024

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — Experience laser innovation this Fall with Monport Laser, an industry frontrunner in laser engraving and cutting technology, with an exclusive Fall Sale offering incredible discounts and free accessories on a wide range of high-performance laser engraving machines. From September 19th to September 30th, customers can take advantage of this limited-time opportunity to elevate their laser engraving businesses with cutting-edge laser innovation at unbeatable prices.

Monport Laser has been dedicated to providing innovative and reliable laser machines that empower businesses and individuals to achieve their goals. With a focus on quality, precision, and customer satisfaction, Monport Laser has established itself as a trusted leader in the industry. Their commitment to excellence is evident in every laser they produce, ensuring exceptional performance, reliability, and value.

Embrace the Power of CO2 Laser Technology with Exclusive Offers

Monport Laser will offer two free accessories with selected CO2 laser machines during the Monport Fall sale. These versatile lasers are ideal for various applications, including engraving, cutting, and marking wood, acrylic, leather, and more. By taking advantage of this Fall sale, laser engraving businesses can enhance their productivity and expand their creative possibilities.

Experience Unmatched Value with Fiber Laser Discounts

Monport Laser offers substantial discounts of up to $4200 and 3 free accessories on selected models for those seeking the precision and speed of fiber laser technology. Fiber lasers are renowned for their ability to process metals with exceptional efficiency and accuracy, making them indispensable for metal fabrication, manufacturing, and jewelry production. Additionally, customers purchasing fiber lasers during the Fall sale will receive three free accessories, further sweetening the deal.

Elevate Your Desktop Laser Experience with a Free Water Chiller

Monport Laser is committed to providing comprehensive solutions for businesses of all sizes. As part of the Fall sale, customers who purchase the 40W Desktop laser will receive a Free Water Chiller Cw3000. This essential accessory ensures optimal cooling and performance, prolonging the lifespan of the laser and guaranteeing consistent results.

Discover Additional Savings on a Wide Range of Accessories

Monport Laser offers an additional 20% discount on selected accessories to complete your laser setup. From lenses and nozzles to rotary tables and smoke extraction systems, customers can find everything they need to maximize the potential of their laser machines.

Unleash Your Creativity and Productivity

Monport Laser’s Fall sale is the perfect opportunity to invest in laser technology that empowers your business or fuels your creative passions. With exceptional discounts and free accessories, you can acquire the ideal laser solution to meet your needs and budget.

Whether you’re an entrepreneur, artist, or manufacturer, Monport Laser’s advanced laser machines offer unparalleled precision, versatility, and reliability. Take advantage of this limited-time Fall sale and unlock your projects’ full potential for laser innovation.

About Monport Laser

Monport Laser is a global leader in designing, manufacturing, and distributing high-quality laser machines and accessories. With a commitment to innovation and customer satisfaction, Monport Laser provides cutting-edge solutions for various industries, including manufacturing, engraving, marking, and more.

For more information, visit monportlaser.com and follow them on social media for the latest updates.

Website: https://www.monportlaser.com/

 

 

 

View original content:https://www.prnewswire.com/news-releases/fall-into-creativity-with-the-monport-laser-fall-sale-302253699.html

SOURCE Monport Laser

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MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement

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38 mins ago

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September 19, 2024

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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SOURCE Natural Resources Canada

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