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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
New Disney+ Streaming App Has Officially Launched In The UAE
The app’s recommendations now factor in what’s popular in the UAE, and a dedicated Junior Mode gives kids their own corner of Disney+.
A new Disney+ app has officially launched in the UAE, and subscribers can now keep watching their favorite titles when they travel. Disney+ says access extends across supported markets in Europe, the United States and beyond.
The app is built around a dynamic homepage and simpler navigation, with recommendations drawn from each customer’s viewing habits and what’s popular in the UAE. Content from Hulu and ESPN is now easier to find alongside Disney+’s own library, the company says. Audio and subtitles come in up to 25 languages, and supported devices get high-quality video and sound.
For families, the app includes Junior Mode, a dedicated, simplified version of Disney+ for younger viewers, built around age-appropriate shows and movies. It sits alongside existing controls such as PIN-protected profiles, customizable content ratings and account notifications when a profile is changed.
The catalog still spans Disney, Pixar, Marvel, Star Wars, National Geographic, Hulu and FX. Returning series include Season 8 of “The Kardashians,” Season 23 of “Grey’s Anatomy” and Season 38 of “The Simpsons”. Also on the service are the second season of International Emmy and BAFTA Award-winning series “Rivals,” comedy “Only Murders in the Building,” Walt Disney Animation Studios’ “Zootropolis 2” and 20th Century Studios’ “Send Help”.
Also Read: Best Video Streaming Services In The Middle East
Marvel Television’s “VisionQuest” is on the way, and Disney’s live-action “Moana” is due later this autumn. Beyond Hollywood, the Turkish title “Halef” is coming to the platform alongside a lineup of Korean entertainment: Korean-Japanese romantic comedy “Merry Berry Love” is streaming now, and “The Remarried Empress” arrives November 4.
Existing subscribers will be prompted to download the new app and sign in with their current credentials, with on-screen steps covering account confirmation and profile setup. Subscriptions start at AED 49.99 per month and can be canceled at any time.
For UAE subscribers planning to travel, the update will likely be well received, but Disney has left one question open. It confirms Europe and the United States as supported markets but doesn’t yet say which others fall under and beyond.
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