Alloy Labs
Alloy Labs is an ecosystem founded in 2015, centered around three hubs: the Alloy Labs Alliance, a consortium of nearly 90 community banks; the Alloy Alchemist Fund, a strategy-led venture capital fund investing in fintech companies; and the Alloy Labs Institute, providing risk mitigation and growth strategies for financial institutions. The ecosystem aggregates insights from these hubs to create powerful network effects.
Past deals in Kuwait
Dapi
Seed Round in 2022
Dapi Ltd is a fintech company that specializes in developing an open banking application programming interface (API) designed to facilitate seamless payment transactions between consumer bank accounts and businesses. Established in 2019 and based in Abu Dhabi, United Arab Emirates, Dapi provides a suite of APIs that enable real-time access to customer bank accounts, payment initiation, and financial data retrieval. This functionality allows developers to create a variety of financial applications, including digital wallets and budget trackers, while also enabling fintech companies to offer services based on bank statement data. Operating in seven countries, including the United States, Saudi Arabia, Egypt, Pakistan, South Africa, and Kuwait, Dapi has experienced significant demand for its services, achieving notable growth in annual recurring revenue.
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