Tohib has considerable experience in the investment and development cycle of real assets especially in emerging markets.
#Stronghold companies serial#
Tohib Iyiola, the Group Chief Executive Officer of Stronghold Global Finance, British born and a serial entrepreneur. Sheikh Tarek has played a major role as a member of the Saudi Bin Laden Group and the ultimate success of its over 700 subsidiaries globally. Sheikh Tarek’s decades of experience in the implementation and investment of various Real Estate and Infrastructure projects which include Residential Buildings, Hospitals, Shopping Complexes as well as master development projects, transportation infrastructure, natural resources, petrochemicals and smart cities are designed to transform the nations that host them. Sheikh Tarek is a pioneer in economic development and has been responsible for many mega projects responsible for the significant economic growth of many nations. Sheikh Tarek possesses more than 42 years of hands on business exposure in the Development, Construction, Management and investment of real assets. Muhammad Awad Bin Laden, the founder of the Bin Laden Business Empire, he ventured into the family business since 1966 at the age of 19 years, and since then he has actively been involved in the dynamic growth of the group’s multifaceted activities which have helped to define the skyline and infrastructure backbone of the Middle East and other emerging nations for decades. Being one of the eldest sons of his father, the late Sh. Camp said this traction served as a catalyst for the fund launch, an initiative Stronghold execs had been considering for a long time.Sheikh Tarek Mohammad Bin Laden was born in 1947 in the well known and one of the most respected business families of the Middle East. The token’s traction among businesses drove growth at Stronghold in 2021 - the company says business grew “fivefold across most measures” last year. They can also use the token to make DeFi loans to other businesses and manage internal governance processes, according to Camp. Businesses using Stronghold’s payment rails are rewarded with SHx, which they can use to offset their fees. Stronghold launched its own token called SHx in 2018, which is now listed on crypto exchanges, including KuCoin, and has a market cap of over $1.5 billion, the company says. The venture fund plans to build out its team this year and intends to hire investors who are experts in each of the three specific areas of focus, she added. Sevety-five percent of Stronghold Capital’s current investments are in underrepresented or overlooked founders, Camp said. She added that by investing in fund managers directly, Stronghold will have access to a sourcing pipeline for companies it may want to back, too. The fund seeks to invest in companies that can provide “bidirectional value” with Stronghold’s lines of business, Camp said. Stronghold Capital made the investment in Alameda Research through a syndicated DeFi (decentralized finance) loan on the blockchain-based institutional funding platform Maple Finance, according to the company. The new VC arm, called Stronghold Capital, has already invested in companies including Sam Bankman-Fried’s Alameda Research and funds including Precursor Ventures and Backstage Capital, both of which have a track record of backing underrepresented founders. It has raised $3.3 million in funding to date through its 2017 seed round, which was led by Freestyle Capital’s Dave Samuel and featured participation from a host of angel investors in venture and fintech. The startup, founded in 2017, partnered with IBM to create a blockchain-based stablecoin for instant payment processing. Stronghold offers a suite of fintech and blockchain APIs and services, including embedded payments, clearing and settlement, according to its website. Payments infrastructure company Stronghold has launched a venture capital arm to deploy $100 million of its balance sheet capital in startups and funds in three core strategies - underrepresented founders, fintech and web3, CEO Tammy Camp told TechCrunch in an interview.