- Strategic Investment: Riyadh Valley Company (RVC), the investment arm of King Saud University, invests in FinTech Collective Fund IV to back early-stage fintech startups globally.
- AI-Driven Focus: The fund targets opportunities at the intersection of generative AI and financial services, with assets under management exceeding $770 million.
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Vision 2030 Alignment: The investment supports Saudi Arabia’s knowledge economy goals and contributes to the objectives of Vision 2030 through strategic partnerships in fintech.
Riyadh, Saudi Arabia – Riyadh Valley Company (RVC), the investment arm of King Saud University, has announced its investment in FinTech Collective Fund IV, a venture capital fund managed by the U.S.-based FinTech Collective, which focuses on early-stage fintech startups worldwide.
FinTech Collective: A Global Fintech Leader
FinTech Collective is recognized as one of the leading fintech-focused venture capital firms, renowned for identifying high-quality opportunities at the intersection of financial services and generative AI.
The firm has built a global investment portfolio spanning multiple markets, including:
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the United States
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Saudi Arabia
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the United Arab Emirates
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Sweden, the United Kingdom, Brazil, Canada, and Denmark.
Currently, the company manages assets exceeding $770 million, underscoring its strong position in the global fintech innovation space.
Executive Remarks
Dr. Khalid bin Saad Al-Saleh, CEO of Riyadh Valley Company, stated:
“The investment in FinTech Collective Fund IV falls within RVC’s strategic investment scope and contributes to the development of the local knowledge economy. By partnering with a specialized fintech fund, we are tapping into one of the fastest-growing global sectors, valued at $245 billion in 2021, and projected to surpass $1.5 trillion by 2030.”
Supporting Vision 2030
This investment forms part of RVC’s strategy to build a balanced investment portfolio that supports King Saud University’s objectives while advancing Saudi Arabia’s Vision 2030 goals in the knowledge economy. It reflects the Kingdom’s commitment to positioning fintech as a major driver of economic growth and innovation.
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