ⓘ Source: Press Release; Image credits: supplied
Dubai, UAE, 22 January 2020: DIFC’s FinTech Hive revealed the launch of a new funding accelerator programme for FinTech start-ups in the MEASA region. FinTech Hive Scale Up programme benefits scaleups by helping them grow through strategic partnerships and receiving investment resources through the DIFC FinTech Hive ecosystem.
Through a series of collaborations with multiple partners, the programme provides start-ups with fast access to funding, access to partner resources, support services as well as connections to investor networks.
The new accelerator programme is supported by six leading investment partners – Middle East Venture Partners (MEVP), Etisalat, DIFC FinTech Fund, Dubai Cultiv8, FALCOM Financial Services and NIcapital. Partners gain access to the startup ecosystem and benefit from faster access to growth and scale markets.
The FinTech Hive Scale Up programme is designed for post-series A start-up companies with a scalable and repeatable business model. These are scale-ups that will experience a powerful impact from gaining access to venture capital and funds from the region on business growth potential.
Commenting on the announcement, Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive, said:
“We are delighted to have launched the ‘FinTech Hive Scale Up’ programme to support the region’s growing FinTech community, and give them a strong platform to drive innovation in the MEASA region.”
FinTech Hive Scale Up programme is the second to launch under DIFC’s FinTech Hive following the FinTech Hive Accelerator program for growth-stage startups.
DIFC was last year awarded ‘FinTech Hub of the Year’ in the FinX awards. This award reflects DIFC’s achievements as a global hub for innovation and excellence and further cements the Centre’s reputation as one of the world’s most dynamic financial centres and leading FinTech ecosystem in the MEASA region.