Dubai, October 24th – DiXiO, a prominent player in the Financial Messaging Industry, has successfully closed their funding round led by Middle East Venture Partners (MEVP). This significant milestone marks a pivotal moment for the company, empowering DiXiO’s continued expansion internationally and strengthening its foothold in the Saudi Arabian market.
DiXiO is a B2B fintech redefining financial messaging infrastructure by seamlessly integrating financial services into the back-office operations of institutions.
DiXiO’s Smart Messaging Platform is at the forefront of transforming the entire financial messaging cycle, providing solutions to the challenges faced by institutions relying on on-premises setups. Pioneering the industry, DiXiO introduced the first Cloud platform embedding Swift connectivity, capitalizing on its unique partnerships with SWIFT and AWS as a powerful launchpad into diverse markets. This, combined with a comprehensive marketplace model, gives DiXiO a leading edge in the market, providing a head start into adjacent offerings that will act as growth avenues.
DiXiO has achieved remarkable traction since its inception demonstrating a three-fold year-on-year growth, serving more than 100 international and regional institutional clients, positioning the company as a key player in the global financial messaging ecosystem.
“Every day at DiXiO, we meet customers who have long sought a solution like ours. We can see that we’re bringing them a lot of value already, yet we only consider this as the beginning!” said Leo Vincke, CEO of DiXiO. “The investment from MEVP is a testament to our commitment to revolutionize the Financial Messaging industry. With their support, we are well-positioned to double down on the vast potential of the MENA market and continue our mission of making Financial Messaging simple & secure for our clients.”
MEVP, a renowned venture capital firm in the Middle East and North Africa (MENA) region, recognizes DiXiO’s strategic vision and the potential of its innovative solutions. This investment establishes a transformative partnership, accelerating DiXiO’s growth trajectory and positioning the company as a core infrastructure partner and industry leader.
“When MEVP invests, we seek experienced management teams in industries where we have a strong thesis. Given the Founders’ unique experiences in financial messaging and technology, it was evident that this team possesses unparalleled advantages in this category” commented Walid Mansour, co-CEO at MEVP. “DiXiO is uniquely positioned in the financial messaging ecosystem, acting as a catalyst at the intersection of innovation and disruption in an industry ripe for transformation. We are thrilled to support DiXiO’s unique capabilities and are excited to be part of their journey.”
The partnership between DiXiO and MEVP represents a significant leap forward, reinforcing DiXiO’s commitment to shaping the future of financial messaging.
DiXiO is a leading cloud solution provider for Financial Messaging serving banks, financial institutions, large corporates and fintechs in more than 60 countries. DiXiO’s cloud platform connects its customers to leading financial networks and services worldwide, allowing its customers to execute international payments, FX deals, trade finance or securities settlement simply, and securely.
Over the past years, DiXiO established itself as the reference in the Financial Messaging industry, being registered as an official Swift Agent, Service Partner and Platform Partner. For financial institutions, working with DiXiO means establishing a long-term, trusted relationship with some of the best Financial Messaging experts worldwide, and leveraging on a cutting-edge platform to offer the most innovative services to their end-customers.
MEVP is one of the pioneer venture capital firms in the MENA region and currently manages four regional technology-focused venture capital funds with more than USD300 million in assets under management and USD 1.6 billion in co-investments. To date, MEVP’s team, comprising 22 investment professionals, has invested in more than 60 portfolio companies across MENA, Sub-Saharan Africa, Pakistan, and Turkey.
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