- Region’s only FinTech-focused startup ecosystem again leads the way in driving innovation in the finance industry with a new format of its highly successful FinTech Accelerator
- New virtual format for 2021 opens up participation to world-class FinTechs seeking to access Middle East markets and beyond
- Programme is set to support more FinTechs than ever, with two ‘innovation sprints’ offering flexible participation during the year
Dubai, UAE: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, continues to build on its leadership in driving the Future of Finance with a new virtual format for its highly successful FinTech Accelerator programme this year.
The FinTech Accelerator 2021 will be run as a hybrid format this year, opening up participation to FinTech startups from around the world that are looking to access Middle East markets as well as benefit from DIFC’s position as a global financial hub.
Bringing together an unrivalled community of the region’s leading financial services companies, such as banks, investment and insurance firms, the FinTech Accelerator 2021 will pair participating FinTechs with industry partners, enabling them to work flexibly in order to unlock new growth opportunities. Benefits include workshops, marketing and PR exposure, networking, partnerships and access to the DIFC’s regulatory sandbox through its Innovation Testing License. Participants will also have the opportunity to pitch their businesses to key stakeholders and investors, including the DIFC’s own USD$100 million FinTech Fund.
Furthermore, by offering two innovation sprints, the DIFC FinTech Hive Accelerator will also be able to support more startups than ever as it seeks to strengthen the DIFC’s Innovation ecosystem further. This follows on from the success of 2020, when DIFC more than doubled the number of businesses within its FinTech and innovation ecosystem to 303 companies.
Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive, commented: “This year, we are taking the DIFC FinTech Hive Accelerator to the next level, with a hybrid approach programme, designed to attract world-class innovation in finance. In seeking out the best startups globally – which also match our industry partners’ priorities and needs – we are focused on maximizing the Accelerator’s impact and success in driving the Future of Finance. What’s more, with two intakes, we will be able to meet the interest we see from startups internationally who are keen to tap into DIFC’s unique FinTech-focused ecosystem and use it as a launch pad for growth in our region and beyond.”
About Dubai International Financial Centre:
Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of USD 7.7 trillion.
With a 16-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.
DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of almost 27,000 professionals working across over 2,900 active registered companies – making up the largest and most diverse pool of industry talent in the region.
The Centre’s vision is to drive the future of finance. Today, it offers one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.
Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.