Abu Dhabi VC EQIQ to Increase Iraq Tech Investments

Qi Card Showcases Iraq’s Fintech Transformation at Seamless Middle East

News Desk DUBAI: On the conclusion day of the Seamless Fintech Middle East Forum, Qi Card, Iraq’s largest fintech company, took centre stage, presenting its pivotal role in transitioning the nation from a cash-dependent society to a digitally connected economy. Chief Investment Officer Ahmed Khadum delivered a keynote titled “From Cash to Digital: How Iraq Built a Scalable Payment Ecosystem,” sharing insights on how Qi Card helped design and lea…

Abu Dhabi VC EQIQ to increase Iraq tech investments

Abu Dhabi technology-focused venture capital fund EQIQ says it plans to increase the value of its investments in Iraq as the seeks to recover from more than four decades of war and economic sanctions. Last year, tech startups in Iraq raised less than $3 million in 10 deals, according to entrepreneurship ecosystem development platform Wamda. That puts it far below smaller neighbouring economy Jordan ($15 million) and is a drop in the ocean to Sau…

EQIQ Doubles Venture Fund to $30M to Back Iraq’s Growing Tech Sector - Fintechnews Middle East

EQIQ, a venture capital fund and venture builder based in Abu Dhabi Global Market (ADGM), is expanding its fund size from US$15 million to US$30 million. Founded by partners with experience deploying over US$500 million in technology startups and delivering a 3.3x return, EQIQ focuses on both greenfield (seeding new ventures) and brownfield (scaling established startups) investments in Iraq’s technology sector. The firm concentrates on developin…