Oxana Raim’s Post

💡Some interesting insights on the MENA region: ➡️ The UAE has been ranked the most attractive emerging market in the Middle East and North Africa (MENA) for investors, securing the third spot globally in a new index. ➡️ The UAE has become a preferred base for many High Net Worth Individuals (HNWIs), with the highest net inflow of wealthy individuals globally in 2022. ➡️ The growth of businesses and HNWIs in Dubai has led to a significant expansion of the financial sector, contributing approximately 10% to Dubai's GDP in 2022, according to the Dubai Statistics Centre. ➡️ The UAE is poised to experience the fastest Compound Annual Growth Rate (CAGR) in the wealth management market. The MENA Wealth Management Market is projected to increase from USD 1.25 trillion in 2024 to USD 1.78 trillion by 2029, with a CAGR of 7.49% during 2024-2029. ➡️ The adoption of digital technologies, including robo-advisory services and online trading platforms, is fueling the growth of the wealth management market in the UAE, providing clients with innovative and convenient investment solutions. ➡️ There is a rising demand for sophisticated financial services among high-net-worth individuals. If you are keen to learn more about the region and the financial sector there, feel free to reach out. A new and exciting opportunity has emerged for the ICLUB Global network.

Last week we announced that Dynamiq have raised a pre-seed round. Obviously, amazing news. So I've been talk to a few friends who are fundraising right now and they asked me how was it. Some people say "Oh, you're in #AI space, that might be so easy to raise capital these days". Short answer - it's not. That's why I wanted to share a bit of motivation to those who are raising now, mainly those early stage & first time founders. No matter if you're in AI or not, early stage or late stage. Fundraising is tough. Now or before it is and was always like that. If you think someone is raising capital in an instant - they're not. You just don't see the full picture. Fundraising is a constant rejection. And you need to prepare for that. It's also a numbers game. We've done over 110 calls before getting to couple of YESes. The hardest thing here is not to take all these rejections too personally and stay focused on what you're building. It's a very fine line between being almost delusional about your idea, but also having critical thinking kicking in once in a while to evaluate if you're actually on the right track. It's almost like in Stochastic Gradient Descent algorithm in Machine Learning - while processing the feedback it is very important to select a proper batch size and learning rate that moves you closer to the objective in the optimal timeframe. Remember that every person that ever gives you feedback on your startup (including VCs) is biased in one way or another. All of us have to certain extent distorted perception of reality. It's just psychology 101. VCs reject you not just because they don't like you - some of them are just out of money themselves but still taking calls, some just didn't fully understand your vision (maybe you need to practice your storytelling), some maybe are generalist and don't really understand your sector, some might have too much experience in this space and have seen failures and can't figure out how you're different. In my opinion people who succeeded are the ones who despite all the obstacles, negativity and objections keep pushing. Keep pushing.

Thanks Viktoriya Tigipko and Richard Armstrong from TA Ventures for visiting the HD office in Bangkok! Great catching up and hearing health tech case studies in the US and Europe validating our work. Appreciate the support!

🇩🇪 We launched Liki24.de in Germany! The test period was successfully completed, and the service is already used by thousands of people throughout the country. So, from now on, Liki24.com in addition to Ukraine, is available in three EU countries: Italy, Romania, and Germany! Thanks to all our fantastic Team, Partners, Investors, and, of course, Clients whom we ❤️ We continue our movement in the EU!🇪🇺 More to come! PS. Thanks to Forbes Ukraine for the details☺️ https://lnkd.in/dE_JYDMz

Our portfolio company Fintech Farm raises $32m to expand its ‘neobank in a box’ model to India! Fintech Farm is a startup that sells technology to medium-sized banks in emerging markets to build digital tools. TA Ventures invested in Fintech Farm in 2022 as part of a $7.4m round led by Flyer One Ventures and Solid. https://lnkd.in/g2i9-GzB

🔊 Our portfolio company DeepL launches AI writing assistant for businesses trained on its own LLM. The feature provides suggestions on word choice, style, phrasing, and tone. DeepL has been rivalling machine translation giants such as Google Translate and Microsoft Translator. Dubbed DeepL Write Pro, the product acts as a creative assistant for use during the drafting process. It provides suggestions on word choice, phrasing, style, and tone, aiming to improve the text, while preserving the writer’s own voice. Very helpful! 🤘 https://lnkd.in/ecqVvTi4