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EQIQ Invests $3M in InstaBank to Support Digital Banking in Iraq - Fintechnews Middle East
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EQIQ Invests $3M in InstaBank to Support Digital Banking in Iraq - Fintechnews Middle East
Venture capital firm EQIQ has made a US$3 million anchor investment in InstaBank (registered as Al Fawr Digital Bank), as part of a wider US$15 million funding round to support the bank’s launch and early-stage development. EQIQ is led by founding partners with experience in deploying over US$500 million in technology investments, achieving returns exceeding 3.3 times. InstaBank aims to address gaps in Iraq’s financial services sector by adoptin…
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