Page 135 - 7X PR REPORT REPORT DECEMBER 2024

12/17/24, 2:58 PM Latest News

7X signs MoU with SC Ventures during Abu Dhabi

Finance Week to empower SMEs in MENA

17/12/2024

December 16, 2024: 7X, the trade, transport, and logistics investment and holding group, signed a

Memorandum of Understanding (MoU) with SC Ventures, Standard Chartered’s innovation, fintech
investment and ventures arm. The MoU, signed during Abu Dhabi Finance Week, lays the groundwork for

exploring collaborative opportunities in the Middle East and North Africa (MENA), with a focus on
empowering small and medium-sized enterprises (SMEs).

The partnership aims to combine the complementary strengths of both entities to power an innovation-driven,

SME-focused venture in the Middle East and North Africa. This initiative seeks to address market pain points
and unlock new growth opportunities. By focusing on extensive market insights and encouraging
collaboration, 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

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