TeamSec, a provider of AI-powered securitization solutions for the structured finance industry, raised $7.6 million in funding.
The funding round was led by Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund—the Corporate Venture Capital arm of Emirates NBD Group—and Rasmal Ventures, a Doha, Qatar-based venture capital firm.
TeamSec is an AI-powered securitization platform, offering end-to-end securitization services to both financial and non-financial institutions, providing capital optimization and working capital solutions. Its services include credit securitization for financial institutions, invoice receivable securitization for corporates, and trade finance for international trade companies.
Esad Erkam Köroğlu, founder and CEO of TeamSec, stressed that this strategic investment from Deniz Ventures combined with the VC mindset and experience of the Rasmal Ventures’ team, is a key enabler in achieving the company’s vision: “The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec’s vision and technological prowess by these renowned institutions. At the same time, this investment round supports our mission to revolutionize the securitization market, positioning TeamSec as a leader in the fintech sector and the securitization market, particularly in the MENA region. With this investment, we endeavor to strengthen our position as a global game-changer in securitization.”