Introducing Funding Possibilities: Connecting Start-ups, Investors, and Business Growth
A groundbreaking Fintech Platform called Funding Possibilities has emerged from a collaborative effort between six visionary entrepreneurs from the UAE and India. With a remarkable track record of investing in over 75 start-ups and facilitating a staggering $500 million in capital, these experts have come together to bridge the gap between investors and new-age businesses.
Funding Possibilities is a game-changing platform that will revolutionize the start-up ecosystem. Its primary goal is to connect start-ups with investors, borrowers with lenders, and buyers with sellers. In a market where access to capital has been a significant challenge for start-ups and micro, small, and medium enterprises (MSMEs) in the UAE, Funding Possibilities will become a sought-after solution for both capital seekers and providers. The platform offers various forms of capital beyond equity, including traditional debt, alternative finance, and structured finance. By making private markets more accessible and transparent, Funding Possibilities aims to empower the growth of start-ups and fuel economic expansion.
Empowering Start-ups and Investors
The platform goes beyond traditional boundaries by enabling retail investors to contribute to the start-up ecosystem and support new-age businesses. It welcomes participants from all sectors and stages of growth, making Funding Possibilities a sector and stage agnostic platform. With a mission to cultivate more than 10 profitable unicorns, also known as Profi-Corns, within the next decade, this platform is set to shape the future of entrepreneurship.
Alignment with Dubai's Economic Agenda 'D33'
The launch of Funding Possibilities comes at an opportune time, coinciding with the recent unveiling of the Dubai Economic Agenda 'D33.' Led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, D33 comprises 100 transformative projects aimed at achieving economic targets of Dh32 trillion over the next ten years. Dubai's ambitious agenda includes doubling foreign trade to Dh25.6 trillion, establishing 400 new trading partners, and positioning the city as one of the world's top four global financial centers. The platform's vision aligns perfectly with Dubai's development plans, providing a catalyst for growth and attracting over 300,000 global investors to contribute to the city's exponential rise.The UAE is home to more than 400,000 SMEs, representing a substantial portion of the non-oil economy and offering employment opportunities to 86% of the private sector workforce.
Supporting SMEs and New-age Businesses
Recognizing the crucial role that funding plays in the success of start-ups and MSMEs, it becomes imperative to deploy additional funding options to fulfill the vision outlined in D33. Funding Possibilities is poised to play a significant role in this endeavor by supporting the growth and profitability of start-ups and new-age businesses. By doing so, it will actively contribute to the realization of the Dubai Government's D33 Vision.
Leadership Perspectives
Sheetal Soni, the Founder of Funding Possibilities and a seasoned CA and CFA Charter Holder, emphasizes the importance of increased funding options for the UAE's new-age businesses. She believes that Funding Possibilities will fill a clear gap in the private sector by providing innovative and quality funding channels to fuel their growth, ultimately driving the UAE economy forward.
Prateek Toshniwal, a Co-Founder of Funding Possibilities and a CA himself, envisions serving the business community with carefully curated deals tailored to their specific needs. The platform's four-dimensional due diligence process ensures informed investments, while also facilitating ease of exits and providing relevant information at users' fingertips. Funding Possibilities seeks to foster a vibrant community of start-ups, investors, financial institutions, venture capitalists, and private institutional players. It aims to create a comprehensive knowledge and resource bank for start-ups, facilitate the formation of the right co-founder partnerships, and guide businesses at every stage of their journey towards becoming profitable
Conclusion: Shaping the Future of Entrepreneurship
Funding Possibilities, a Fintech Platform connecting start-ups, borrowers, lenders, investors, buyers, and sellers, has been launched by a group of six entrepreneurs in the UAE and India. The platform aims to bridge the gap between investors and new age businesses and provide access to various forms of capital beyond equity, including traditional debt, alternative and structured finance, making private markets more accessible and transparent. With more than 400,000 SMEs operating in the UAE, Funding Possibilities seeks to give retail investors access to start-ups and enable retail investors to contribute to the overall start-up ecosystem and new age businesses. The launch of the platform coincides with the announcement of Dubai's Economic Agenda, 'D33', which includes 100 transformative projects, with economic targets of Dh32 trillion over the next 10 years.
