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Mubadala backs fintech company Halo in fundraising round

Mubadala backs fintech company Halo in fundraising round
Halo will open an office at Abu Dhabi Global Market

UAE - Mubadala: Halo Investing has secured more than $100 million in Series C funding, which was led by Owl Capital and included Abu Dhabi Catalyst Partners, managed by Mubadala Investment Company.

The proceeds of the fundraising round, which also included Allianz Life Ventures and William Blair, will enable the company to expand into new asset classes, enter new markets, and have access to innovative protective investments, according to a recent press release.

The US-based financial technology company will open an office at Abu Dhabi Global Market (ADGM) following the investment of Abu Dhabi Catalyst Partners, a joint venture between Mubadala and Falcon Edge Capital.

The CEO of Abu Dhabi Catalyst Partners, James Munce, said: "Our investment in Halo is another example of our commitment to partnering with businesses that will fundamentally disrupt their respective industries and strive to create more efficient markets."

The Co-Founder and CEO of Halo, Biju Kulathakal, commented: "Our platform provides easy and transparent access to investment solutions that can help solve this savings crisis. The future of investing is outcome-based."