Qatar Fintech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the fintech industry in the country, will kick start the Demo Day for the Wave 2 of its flagship incubator and accelerator programs (IAP) on July 1, 2021, virtually.
The QFTH Demo Day for Wave 2, which will be conducted under the theme ‘Emerging Technologies’ is projected to be one of the key fintech events in the region bringing together major players from the local financial services ecosystem, as well as investors, global startups, international fintech hubs, aspiring entrepreneurs and enthusiasts.
The program sponsored by Doha Bank has received interesting responses during Wave 2 with over 550 applications from more than 55 countries across the globe including the USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.
The Wave 2 of the IAP had selected 11 early-stage startups and 11 mature fintech from the application pool. The selected fintechs for the incubator program are Snoonu Trading and Services, Karty, Cammillion, ePaysa, Digitalistic, Akillifon, CHANGE COM, Kwidex, Nu Credits, Bondsmart and Finstant.
The selected fintechs for the accelerator program are Prive T, Active.AI, Finchat, eBaoTech, SafexPay, Twyla Technology, FinChatBot, Cargon, Invest Suite, Elite Capital and Revix.
During the program, participants took part in more than 350 business development sessions with 15 financial institutions and completed a series of masterclasses and fintech bootcamps conducted by QFTH partners and renowned speakers.
“Through our specialized incubators, such as QFTH, we aim to develop fintech as well as support entrepreneurs and innovators to make an impact within the domain, both regionally and globally. The QFTH IAP continues to attract entrepreneurs from around the world, building upon the robust Qatari financial sector, and powered by the support of our partners who play a major role in their success.”
QFTH is currently gearing up for the anticipated Wave 3 of its flagship IAP, which will focus on ‘Embedded Finance and TechFin’. Applications are now open for the programs that will run from October to December 2021.