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Tariq believes that he was lucky in life and that, in the words of the author Michael Lewis, he owes a debt to those who are less lucky.
Tariq Fancy founded The Rumie Initiative after a notable career at the intersection of finance, technology and emerging markets. His successful business career and unique decision to found Rumie has been chronicled in extensive case studies published by both Harvard Business School and INSEAD Business School.
Prior to Rumie, Tariq led a successful career in finance, beginning as a Palo Alto-based technology investment banker in the group that led the IPOs of Google, Amazon and Cisco. He next joined NYC-based private equity firm MHR Fund Management, where he became the firm’s youngest partner in 2006 after leading numerous successful turnarounds of technology companies. He subsequently spent two years at CPP Investment Board in Toronto, Canada, helping to create and invest in new credit strategies for the growing platform.
One of Tariq’s prior investments warrants special mention: In 2004, after multiple trips to Central and South America and months of due diligence, Tariq led early work to bring mobile phones into emerging markets as a ‘leapfrog’ innovation – back when the idea of the masses from Cairo to Calcutta skipping landlines altogether to go directly to mobile phones sounded far-fetched to many. Tariq sees a similar ‘perfect storm’ of market forces enabling a pragmatic, market-based solution to global education that will usher in another watershed moment in international development. Since being founded in 2013, Rumie now has projects in over twenty countries.
Tariq has appeared on CNBC, BNN, the CBC, has spoken at the United Nations, and guest lectures at Harvard Business School. In 2017, he was named one of Canada’s Top 40 under 40.
Tariq holds an Honors B.A. with distinction from Brown University in the US, spent one year studying at Oxford University in the UK, earned a master’s degree in Economics and Public Policy from Sciences Po Paris (L’institut d’études politiques de Paris) in France and an MBA with distinction from INSEAD in France and Singapore. Tariq was born and raised in Canada to parents who immigrated from Kenya and speaks four languages.