The debut of Amplify Growth Partnership’s growth debt fund has been announced. The $100 million fund seeks to give debt finance to Middle Eastern, North African, and Turkish (MENA) technology-focused businesses.
It gives the Fund great pleasure to inform that it has closed its first transaction successfully, providing funds to support the expansion needs of a cutting-edge fintech business in the Kingdom of Saudi Arabia.
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“The Amplify Growth Fund is poised to meet the region’s growing demand for debt capital in the venture and SME sectors, which are areas that have been historically underserved. Amplify unites two pioneering investment firms, Ajeej Capital and Nuwa Capital, who, together with the Amplify team, seek to build an enduring franchise that empowers companies to access the growth capital they need to realise their ambitions.” Sharaf Sharaf, Fund Head – Amplify Growth said.
Ajeej Capital and Nuwa Capital are partners of Amplify Growth Partnership GP Limited. Both businesses will use their networks and areas of expertise to open doors for Amplify and the startups in its portfolio.
About Amplify Growth Partnership
Amplify Growth fuels visionary entrepreneurs and their venture capital partners with flexible growth debt capital. It focus on tech-driven companies reshaping the fast-evolving GCC and MENA landscapes.
