DIFC FinTech Hive Makes Global Finance’s World Best Innovation Labs 2021 List

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Dubai, UAE: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, has been named one of ‘World’s Best Innovation Labs’ by Global Finance for 2021.

Now in its fourth year, the annual report on the leading players and emerging trends in FinTech innovation is one of the most credible references in the industry, assessing labs run by banks, governments, venture capitalists, NGOs, and universities across the world.

Commenting on this milestone, Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive, said: “It is an honour that Global Finance recognises DIFC FinTech Hive’s work in FinTech innovation including us on the list of the World’s Best Innovation Labs in 2021. This accolade is a testament to our commitment in bringing together the best partners, the best minds and the best technologies under one roof to drive forward the digital revolution, not just in Dubai, but across the wider region.

“We are looking at taking FinTech Hive to the next level and have planned a full pipeline of initiatives to attract even more world-class players in the financial sector. Being identified as amongst the world’s best innovation labs will support our efforts in delivering the future of finance,” added Al Mazrouei.

To date, DIFC FinTech Hive has already raised US$ 300 million in funds, created hundreds of jobs and supported over 100 startups across the region.

DIFC FinTech Hive is committed to supporting businesses in FinTech, InsurTech, RegTech and Islamic FinTech, looking to capitalise on untapped opportunities for multi-faceted growth.

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.