1957 Ventures Sparks 24FinTech

At the heart of Riyadh’s burgeoning FinTech scene, the 24 FinTech conference served as a grand stage for 1957 Ventures to assert its influence and vision within the sector. As a Platinum Sponsor of the event, the company didn’t just occupy physical space; it made a resounding statement about its position at the forefront of financial technology innovation in Saudi Arabia.

The presence of esteemed government officials such as His Excellency Dr. Majed AlKassabi, Minister of Commerce, and His Excellency Eng. Abdullah Alswaha, Minister of Communications and Information Technology, underscored the significance of 1957 Ventures’ role in the evolving financial landscape. Their visits to the 1957 Ventures pavilion spoke volumes about the trust and expectations vested in the company. Adding to this illustrious list, the participation of His Excellency Dr. Khaled Al-Dhaher, Deputy Governor of SAMA for Supervision and Development, further highlighted the critical intersections of policy, innovation, and enterprise.

1957 Ventures’ pavilion was a hub of activity, not only showcasing their latest technological advancements but also hosting a series of strategic workshops that captivated attendees. These sessions covered a wide range of topics—from navigating the complexities of governance and compliance in FinTech to crafting effective marketing strategies and fostering sustainable growth within the sector.

The highlight of the event was the announcement by CEO Emad Kashgari, revealing the size of the investment fund supporting 1957 Ventures—over SAR 800 million, entirely backed by Riyad Bank. This announcement was not just about stating a figure; it was a declaration of the substantial resources and commitment that 1957 Ventures is channeling towards revolutionizing FinTech in the region.

This participation at 24 FinTech is just the beginning for 1957 Ventures. The company is poised not only to lead but also to transform the FinTech landscape in Saudi Arabia and beyond, leveraging substantial investment, strategic insights, and a robust network of industry leaders. The event was a testament to their pivotal role and a sneak peek into the future they are helping to shape—a future where technology and finance converge to create more innovative, inclusive, and resilient economic systems.