Page 129 - 7X PR REPORT REPORT DECEMBER 2024

the venture will deliver cutting-edge solutions tailored to the unique challenges faced by
SMEs, such as access to funding, market entry barriers, and operational inefficiencies.

Leveraging innovative business models, SME validation frameworks, and a strategic go-
to-market approach, the initiative will develop and test a minimum viable product (MVP),
designed to empower SMEs with scalable, technology-enabled solutions that foster
sustainable growth and market resilience.

Group CEO of 7X, Abdulla Mohammed Alashram, said: “We at 7X firmly believe in the
transformative power of collaboration. The latest partnership with SC Ventures
demonstrates our commitment to empowering SMEs and promoting economic growth
across the MENA region. By combining our knowledge of trade and logistics with SC
Ventures' innovative strategies in various sectors, we hope to unlock new possibilities,
maximise value, and redefine the future of entrepreneurship in one of the world's most
dynamic regions.”

Meanwhile, the CEO of SC Ventures, Alex Manson, said: “This region holds huge
potential for the SME sector and SC Ventures is committed to invest in its growth. Our
SME-focused platform in the Middle East and North Africa region is planned for launch in
the second half of 2025. It will facilitate cross border trade and empower SMEs to grow
safely and profitably. Our partnership with 7X will help us unlock the full potential of SMEs
in the region and beyond.”

Additionally, both organisations plan to evaluate strategic alliances, benefiting from
their individual portfolios to jointly develop and implement transformative solutions
tailored to meet the specific needs of the MENA region.

SC Ventures has been at the forefront of transforming the financial landscape,
improving client experiences, and enabling global expansion.

This partnership represents a major step towards redefining the role of SMEs in the
region, building resilience, and advancing MENA's overall economic and social
development.

https://english.mubasher.info/news/4381950/7X-teams-up-with-SC-Ventures-to-empower-SMEs-
in-MENA/