Dubai Future District Fund
DIFC Gate District Precinct Building 3, 5th Floor, Unit 501A, Dubai, 506627, United Arab Emirates
Overview
Dubai Future District Fund is a venture capital fund of funds that invests in new economy companies that will drive Dubai's future growth. Its goal is to increase startup and venture capital investing and business activity in Dubai and the region, while also facilitating diversified GDP growth and job creation for the next generation of industries and skills. The Dubai Future District Fund accelerates the expansion of ecosystem capacity-building initiatives.
- Total investments
- 14
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 6
Sector focus
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Keyper
Participated · Series A · Jul 2026
Keyper operates a platform that integrates rent payments, property management, and embedded financial services. Its flagship product, Rent Now, Pay Monthly, lets tenants pay rent in monthly installments while ensuring landlords receive rental income upfront. The company aims to expand its digital real estate infrastructure and grow adoption among institutional landlords and large residential portfolios across the UAE. Keyper also plans to introduce financing and liquidity solutions for property owners. Founded in 2022 by Omar Abu Innab and Walid Shihabi, the company has raised a total of $56 million to date.
- Holo
Participated · Series A · Aug 2025
Holo provides a fully digital mortgage platform that delivers a seamless journey from pre-approval to financing, built on proprietary technology and supported by independent mortgage advisors. The company offers users instant access to over 20 lenders and aims to simplify a traditionally fragmented home-buying process. Holo has supported more than 80,000 clients to date and processes over 1 billion dirhams in transactions monthly. Co‑founded by Michael Hunter and Arran Summerhill and launched in 2020, the company operates in Dubai and Riyadh. It intends to use the new funding to expand operations and accelerate product development. Holo is the Middle East’s largest direct mortgage platform, offering a tech-first digital mortgage service. The company operates multiple platforms—direct-to-customer channels, agent apps, and internal tools—designed for regional deployment. Leadership emphasises capital efficiency and sustainable scaling as it prepares to scale aggressively with new funding. Holo plans to use the investment to grow its team, develop new product lines, and increase market share in the United Arab Emirates. The company also intends to establish a larger presence across the GCC with immediate emphasis on Saudi Arabia. Holo cites automation and artificial intelligence as core to its vision for transforming the home-buying experience; prior funding in January helped spark that push.
- NymCard
Participated · Series B · Mar 2025
NymCard is a Dubai-based provider of an embedded finance platform operating across 10+ countries in the MENA region. The company offers the nCore platform, a MENA-based issuing processor that fully owns its processing and switching technology rather than licensing it. nCore is built on modular APIs and enables businesses to manage card issuance, transaction processing, lending infrastructure and real-time payments within an integrated finance stack. NymCard serves banks, enterprises, fintechs and telecom providers across three core verticals: Card Issuing & Processing, Embedded Lending, and Money Movement. In March 2025 the company raised $33M in a Series B round to support expansion. Led by founder and CEO Omar Onsi, NymCard intends to use the funds to consolidate its presence across its 10+ MENA markets and strengthen its payment infrastructure solutions. NymCard provides banking-as-a-service infrastructure to remove operational friction for fintechs and startups to issue their own payment cards. The company says it can cut the usual eight-month timescale to launch payment services by six months. NymCard supports multiple emerging use cases including gig economy, multi-currency, money transfers, corporate expense cards, on-demand delivery, BNPL offerings, and youth banking applications. It operates across Abu Dhabi, Dubai, Riyadh, Cairo, and Karachi. Founded in 2018, the firm is positioning to expand its product offering to serve a growing embedded finance market. CEO Omar Onsi framed the raise as a step toward evolving NymCard’s capabilities to better serve client needs in the region. NymCard provides end-to-end card issuing and processing solutions for financial institutions, banks, and fintechs, digitizing the payment card experience and reducing program costs. Its platform is designed to launch customer-focused card propositions in fewer than eight weeks. The company built its tech stack from the ground up to achieve speed and agility compared with legacy players. NymCard has served regional banks and fintechs, including a client described as the fastest-growing issuer in Iraq and the region’s first neo bank. Management says the cash-to-card shift is driving demand across banks, NBFIs, and startups, and that its technology helps clients navigate the regulatory and technical complexity of card programs. The Series A will support NymCard’s growth across the MENA region.
- MaMo
Led · Equity · Jul 2024
Mamo offers a financial-services platform that bundles payment collection, corporate cards, and expense management for small and medium-sized businesses. The company is led by CEO Imad Gharazeddine and is based in Dubai, UAE. In 2022 Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license. The startup plans to use the new funding to further develop its comprehensive platform and begin testing product lines in the Kingdom of Saudi Arabia. To date Mamo has raised a total of $13 million and the team stands at 30 people. The company intends to extend its regional footprint across the MENA region. Mamo provides a mobile-first digital wallet and payments platform that lets users send and receive funds instantly, securely, and free of charge. Its recently launched Mamo Business product enables freelancers and small businesses to accept digital payments without complex gateway or merchant integrations, with one-day registration versus industry-standard months. The company plans to use new funding to develop its product line, increase client utility, and expand operations into the UAE and Saudi Arabia. Mamo will also hire additional staff to support expansion; the company currently has 12 employees from 10 nationalities and advisors including the former GM of Venmo. The co-founders are Asim Janjua, Imad Gharazeddine and Mohammad El Saadi, all ex-Google. Mamo has joined Visa’s Fast Track Program and secured principal regulatory approval from the Dubai Financial Services Authority to operate under its Innovation Testing License.
- Iyris
Participated · Series A · May 2024
Iyris commercializes SecondSky, a proprietary additive for polyethylene and other greenhouse materials that blocks near‑infrared radiation while allowing photosynthetically active radiation to pass through. The company sells SecondSky polycarbonate, polyethylene, nets and soon‑to‑launch shade screens through manufacturers and local distributors and serves both large international growers and smaller farmers via partners. Iyris says its technology (including resilient plant genetics) can reduce energy and water consumption by up to 90%, extend growing seasons, increase yields and deliver a payback within a year. The business originated from innovations at KAUST and was co‑founded in 2018 by CEO Ryan Lefers, plant scientist Mark Tester and Derya Baran; it initially grew and sold tomatoes before commercializing the tech. Iyris has expanded from Saudi/UAE beginnings into markets across 11 countries — including the UAE, Egypt, Morocco, Turkey, the U.K., the U.S., Portugal, Spain and Mexico — with clients such as Silal, Armando Alvarez Group and Criado & Lopez. The company reports it brought in more customers and sold more products (or made more revenue) in Q1 2024 than it did in the whole of 2023 and plans to grow hectares covered, regions served (including India and China) and square meters installed.