DIFC FinTech Hive showcases start-up innovations to fetch investments

By Rahul Vaimal, Associate Editor
DIFC
Representational Image

Dubai International Financial Centre’s (DIFC) FinTech Hive, the largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region is conducting its Investor Day to connect with investors and industry experts.

The event will have 17 start-ups from the fourth cohort of the accelerator’s program, which will present their most innovative and successful technologies to the virtual audience including investors and industry leaders to seek financial support.

Since the initiation of DIFC FinTech Hive in 2017, it has brought up innovation with a total of 1,400 applications received for its signature program and over 100 start-ups have been allowed to be part of it.

The accelerator program selected companies to come from a varied range of industries like financial technology, regulatory technology and Islamic FinTech. They address key technological problems in the areas of open banking, artificial intelligence, anti-money laundering and data analytics.

Successful companies participating in the accelerator program can open an array of opportunities to create, test and modify their innovations by partnering with top executives and world-leading financial institutions as part of a forward-thinking professional community.

Raja Al Mazrouei
Raja Al Mazrouei
Executive VP
DIFC FinTech Hive

“The solutions sourced for this year’s DIFC FinTech Hive Accelerator program have been very unique and mature. The participants have developed technologies that will help shape the future of finance and are worthy of investment. This year’s cohort has worked relentlessly with our partners to ensure they are ready to be connected with investors and industry experts at the Investor Day.”

The current batch of the program has attracted prominent technology entrepreneurs and start-ups from various regions including the GCC, Africa, Asia, Europe and North America.

The participants for this year’s program were selected through an intensive process for a 14-week curriculum that would help companies in their budding-stage to expand their business in the Middle East, Africa and South Asia region.

FinTech Hive

DIFC initiated the FinTech Hive in 2017 by collaborating with Accenture the New York-listed technology firm and within this short period, it has grown into one of the biggest FinTech accelerators in the region. Through FinTech Hive companies will get benefits like accelerator programs, co-working support, marketing and PR exposure, access to DIFC’s investors’ network and many more.

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