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MSA Capital raises $1 billion for startups in the Middle East

Chinese venture capital firm MSA Capital is in talks with regional investors to raise $1 billion to support technology startups in the Middle East. MSA Capital is backed by the Saudi Public Investment Fund, “Jada Fund,” and will become the largest venture capital firm focused on the Middle East if successful. MSA was an early investor in Tabby, a Saudi buy-now-pay-later fintech unicorn.