India’s Beams Fintech Fund plans to expand into UAE’s booming fintech ecosystem

By Arya M Nair, Official Reporter
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Beams Fintech Fund, India’s first-ever dedicated Growth Capital Fintech Fund, which invests in companies operating at the confluence of financial services and technology space, has been looking to expand into UAE’s promising market.

Beam sees UAE as well positioned to be the international hub and silk route to the rest of the Gulf, north and eastern African regions. As one of the biggest trading partners, remittance partners and FDI investors in India, UAE is equipped to provide the necessary capital and infrastructure to support the Fintech companies out of India.

Institutions such as Shuaa Capital, Mubadala, ADQ, ADIA, ADIC, Etisalat, Emaar, Banks, etc have been active in India and can work with Beams and its portfolio companies to create a larger and stronger Fintech economy between the two countries which will foster further innovation and development.

Given the favorable demographic factors, the conducive regulatory framework pushed forward by the RBI, the CEPA, and the historical relationship between the two countries, this is the right time for institutions & investors in the region looking to build Fintech portfolio to diversify geographically by evaluating newer opportunities coming out of India.

Sagar Agarvwal
Sagar Agarvwal
Co-founder & Partner

“Fintech is consuming an increasingly larger slice of the software pie. We are in Fintech 3.0 right now globally, with the first wave of lending and payments companies have received a significant amount of capital and now the capital is moving across segments. Seasoned professionals and high-quality founders are moving out from larger firms to target newer categories to solve the long tail financial services demand globally.”

With a target size of $120 million and a greenshoe option, Beams’ strategy is to invest $15 million to $20 million in Growth Stages, Series B and C rounds of Fintech companies led by high-quality founders. Beams follows a very strong co-investment approach towards investing and actively offers co-investment opportunities to its LPs.

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