FinTech Hive Begins its Program With Over 100 Applicants!

FinTech Hive, Dubai’s first fintech accelerator created by Dubai International Financial Centre (DIFC) received over 100 applications from more than 32 countries for its program.

The majority of the applicants come from UAE, UK, US, India, Nigeria and Singapore. Some of the interesting concepts they’re covering include big data and analytics, blockchain, payments, P2P and crowdfunding, and more. This program aims to address the needs of Dubai’s financial services industry by offering the next generation of technology entrepreneurs and startups to showcase and pitch their ideas and projects.

Raja Al Mazrouei, Acting Executive Vice President of FinTech Hive at DIFC said: “We are delighted that FinTech Hive at DIFC has attracted applications from start-ups in the UAE and across the world. With more than $23.3 billion invested in global fintech deals in 2016, the program is filling a considerable gap in the market by linking innovative tech thinkers to financial industry leaders in an ecosystem that accommodates the full supply chain. We are encouraged by the high caliber of applications, and remain confident that FinTech Hive at DIFC will accelerate innovation in the region and put us on par with other fintech hubs around the world.”

For more information about the program, read here.

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