Abu Dhabi’s global tech ecosystem Hub71 has entered into a partnership with the global technology company Stripe to provide startups with essential payment gateways to capture revenue from customers with fee-free card processing.
According to the statement, Stripe allows tech startups to take payments online, payout funds, and manage their business growth more conveniently and efficiently.
As part of the agreement, Stripe Atlas, Stripe’s startup toolkit that enables entrepreneurs to build new startup businesses in minutes from anywhere in the globe, will be available at a 50 percent discount to entrepreneurs.
Further, Hub71 startups will have access to Stripe’s new beta products and Stripe events that facilitate new connections for founders seeking innovative payment solutions.
Jida Itani COO – Hub71
“Partnering with Stripe ensures our startup community can receive secure payments from their customers seamlessly. We have more FinTech startups at Hub71 than any other sector and bringing Stripe on board as a strategic partner strengthens the value, we can bring to our community by providing them a global platform to facilitate their scale. Stripe’s payments platform is world-class and we look forward to working closely together, capitalizing on its robust financial technology and the scale of its global network to ensure startup founders and entrepreneurs can achieve their true potential, unlocking new revenue streams to take their business to the next level.”
Mr. Kunal Choitram, Middle East and North Africa Partnerships, Stripe said, “Like Hub71, we are motivated to give entrepreneurs in the UAE the ability to achieve their ambitions and scale their businesses online. Our fully integrated suite of payments products makes money movement as simple, borderless, and programmable as the rest of the internet.”
“As an International Financial Centre and business enabler, ADGM continues to work closely with its partners to reinforce Abu Dhabi’s attractiveness and position as a world-class tech hub and leading digital economy. We will continue to provide advanced digital infrastructure, connectivity, and business frameworks to support financial services institutions, technology providers, investors, startups with innovative solutions to scale their businesses and achieve their growth ambitions,” commented Mr. Juma Al Hameli, Chief Strategy Officer & Business Development Officer of Abu Dhabi Global Market (ADGM).
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