Company Research Report: Further

Company Overview

• Name: Further

• Mission: Further aims to act as an institutional co-founder, making concentrated capital commitments, working proactively with regulators, forging partnerships, and bringing collective expertise to build category-leading companies.

• Headquarters: Abu Dhabi, UAE

• Key People:

• Mohamed Hamdy, Managing Partner

• Faisal Al Hammadi, Managing Partner

• Isabella Tisenhusen, General Counsel

• Mohammed Bashkeel, Partner

• Nabyl Al Maskari, Chairman

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Further focuses on venture building and investing, providing support in various aspects such as financial backing, regulatory support, and product expertise to supercharge the capabilities of companies it partners with.

Products and Services

Further invests in and partners with various companies across different verticals, each offering unique products and services:

Aurem

• Description: A Unified Wealth and Benefits Platform for workplaces.

• Key Features:

• World-class saving plans for employees.

• Employers can choose portfolios from investment managers.

• Employees select investment amounts; employers can top-up contributions.

• Facilitates long-term savings with employer benefits.

CredibleX

• Description: SME lending partner with an API-first Credit-as-a-Service platform.

• Key Features:

• Enables credit access without personal guarantees.

• Offers Fixed Term, Invoice, and Accounts Receivables loans.

• Embedded finance partners integration inside business software.

EQTY Lab

• Description: AI governance infrastructure and operations.

• Key Features:

• Verifiable, explainable, and accountable AI operations.

• Focus on corporate, government, and NGO sectors.

Fuze

• Description: Digital Asset Infrastructure for Financial Institutions.

• Key Features:

• API-powered blockchain experiences.

• Regulatory compliant and risk-free participation in the web3 economy.

Kemet Trading

• Description: Institutional-grade infrastructure for digital asset derivative trading.

• Key Features:

• Single-access to digital asset derivative ecosystem.

• Proprietary data model eliminating contract non-fungibility.

Libre Capital

• Description: Access to global alternatives markets for affluent investors.

Soter

• Description: Provides reliable insurance for the Web3 economy.

Tungsten

• Description: UAE Sovereign Institutional Custody.

• Key Features:

• Protection against geopolitical, regulatory, and cloud risks.

• Operates from secure facilities.

Twinstake

• Description: Non-custodial staking services for institutions.

• Key Features:

• Compliant with KYC and AML standards.

• Offers premium service with market-leading rewards.

Recent Developments

• New Partnerships:

• Tungsten partnered with Twinstake for digital asset custody and staking capabilities.

• Tungsten forged a strategic partnership with Elliptic to enhance compliance.

• Commercial Bank International and Fuze signed a groundbreaking MoU for digital assets.

• New Product Launches and Features:

• CredibleX launched 'Qashio Financing' with immediate approvals and disbursements.

• Fuze raised $14m in seed funding to expand digital asset infrastructure.

• Licensing and Regulatory Approvals:

• Tungsten secured an FSRA license for a $23bn digital assets sector.

• Aurem received licensing from ADGM for its Unified Wealth and Benefits Platform.

• CredibleX obtained new ADGM licenses targeting 20,000 companies in 2024.

• Significant Investments:

• Further Ventures led a $5 million financing round for Kemet Trading.

• Association and Industry Impact:

• Mastercard partnered with Further Ventures to support fintech capabilities development in the MENA region.

• Further Ventures played a significant role in driving digital asset innovation in Abu Dhabi and the MENA region through strategic partnerships.

Further continues to position itself as a leading venture builder and investor in the fintech and digital asset landscapes, emphasizing partnerships, regulatory alignment, and comprehensive support to foster innovation and growth across its portfolio companies.