"Dubai International Financial" Enters into a financing partnership with "PFG" Support for technology companies
Dubai, October 13, 2017 – The Dubai International Financial Center and Partners for Growth (BFG), which specializes in providing credit solutions against assets for fast-growing technology companies, announced the conclusion of a strategic partnership to pump structural growth financing, with the aim of financing and supporting the expansion of the new generation of fast-growing technology companies in Dubai and the Gulf Cooperation Council countries.
This collaboration brings together DIFC’s vision to lead the future of the financial sector, and BFG’s experience and track record in the region as one of the most prominent private credit investment institutions.
During more than twenty years, the company has invested more than $2.1 billion in more than 250 companies around the world, confirming its ability to provide entrepreneurs with flexible capital that keeps pace with their ambitions and supports their innovative companies in their critical growth stages.
Under the new mandate, the partnership will provide structured growth financing to companies aligned with the DIFC Strategy 2030 and the objectives of the Dubai Economic Agenda D33, in diverse sectors including fintech, healthtech, insurtech, proptech, digital finance for SMEs, as well as space technology.
His Excellency Arif Amiri, CEO of the DIFC Authority, said: Our cooperation with BFG embodies our shared vision and belief in the importance of providing growth financing to open new horizons for promising companies inside and outside the region.
For his part, Andrew Kahn, co-founder and CEO of Partners for Growth, said: “Our cooperation with the DIFC represents a milestone in our journey in the region that allows us to enhance this momentum and support companies that shape the future of the economy.
In this context, Armina Bagomyan, General Manager and Head of the Europe, Middle East and Africa Department at Partners for Growth, said: This partnership represents a natural extension of a path we started years ago, and with the support of the Dubai International Financial Center, we are able to expand the scope of our influence and support more entrepreneurs by providing them with flexible financing solutions that help them grow their businesses and launch into new markets.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
