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Qatar’s Rasmal And Deniz Ventures Back TeamSec With $7.6M Investment
Funding for the AI-powered securitization platform will help scale operations and fuel expansion across the wider MENA region.
Qatar’s Rasmal Ventures and Deniz Ventures — the venture capital arm of DenizBank under Emirates NBD Group — have jointly invested $7.6 million in TeamSec, the world’s first AI-driven securitization platform. TeamSec operates on a “Securitization-as-a-Service” model, using AI and data analytics to make financial markets more efficient and transparent.
The significant investment will fuel TeamSec’s expansion across the MENA region, helping to scale operations, while diversifying the company’s offerings and enhancing existing services.
Esad Erkam Köroğlu, TeamSec’s CEO and founder, sees the cash injection as a key enabler for the company’s growth: “The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec’s vision and technological prowess by these renowned institutions. With this investment, we endeavor to strengthen our position as a global game-changer in the field of securitization”.
Meanwhile, Alexander Wiedmer, Co-Managing Partner at Rasmal Ventures, emphasized the transformative potential of TeamSec’s technology: “TeamSec’s bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support”.
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Finally, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: “Our strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth. We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage”.
The backing of TeamSec by Emirates NBD and Deniz Ventures builds on previous investments in startups such as Erguvan and NewBridge Fintech Solutions and reinforces their commitment to driving digital transformation and reshaping financial markets with cutting-edge technology.
News
LUVED Is A New Curated Preloved Marketplace For The UAE
Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.
Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.
The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.
Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.
An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.
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“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.
The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.
