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12/18/24, 1:05 PM 7X Partners with SC Ventures to Empower SMEs in MENA During Abu Dhabi Finance Week

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Dec 17, 2024 202 20

7X Partners With SC Ventures To Empower SMEs

In MENA During Abu Dhabi Finance Week

7X, a leading trade, transport, and logistics investment group, signed a Memorandum of
Understanding (MoU) with SC Ventures, the innovation and fintech investment arm of Standard
Chartered, during Abu Dhabi Finance Week. The agreement sets the stage for a strategic

collaboration aimed at empowering small and medium-sized enterprises (SMEs) across the Middle
East and North Africa (MENA).

This partnership brings together the complementary strengths of 7X and SC Ventures to address key
challenges faced by SMEs, including limited access to funding, market entry barriers, and operational

inefficiencies. The initiative aims to develop and test a minimum viable product (MVP) tailored to

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