Binance alum’s fund invests in Pakistani crypto exchange BitBlaze

Based out of Europe, Matcha Capital is a new investment assembled by former Binance exec to invest in pre-seed and seed-stage companies in the crypto space. The fund is soon to be opening its offices in UAE within Dubai Multi Commodities Centre (DMCC).

In a Linkedin post, Rahim said that his new venture, Matcha Capital, will use the funds to support a greater footprint in the crypto space. It is projected to finance companies whose founders specialize in crypto, fintech, and blockchain sectors.

After 15 years in the European tech startup scene, Omar Rahim joined Binance in June 2020 as the exchange was expanding to the Middle East and North Africa (MENA) to fill a gap in the region’s digital assets market by facilitating access to its services and infrastructure.

Binance said the MENA venture focuses on creating partnerships with local, compliant players in the region’s digital asset and Blockchain sectors.

For this purpose, Binance named Omar Rahim as Director of MENA to lead its corporate strategy and future business. He was tasked with ensuring compliance with different regulatory frameworks in countries throughout the region.

Omar has a 16-year experience in trading oil and equity derivatives products across US and UK markets. Before joining Binance, he co-founded a startup called EnergiMine which was developing energy management solutions based on AI and blockchain technology. His career encompasses various trading roles in the UK and Germany, including at Refco Trading Services Limited, SSE Airtricity and Vattenfall.

Omar parted ways with the influential crypto exchange last year, ending a less than two-year tenure.