FinTech Hive, who claims to be the first FinTech accelerate in the MEASA was founded last year where it has run its first cycle and graduated some incredible promising startups such as Maliyya, Sarwa, and Smart Crowd. Maliyya went on to secure $1.3 million in funding right after taking part in the program and has participated at Bahrain’s Cloud10 Scalerator program that’s run by C5 Accelerate.
Wondering what benefits are the startups receiving from FinTech Hive? Well, startups will have access to mentoring from experts in leading firms and senior financial services executives. They will also have insider knowledge in addition to direct feedback from their target user groups. And not to mention the informative workshops and panel discussions that the startups will get to attend to know more about procurement, regulation, and industry trends. Furthermore, the startups will get a workspace in DFIC for two employees through their acceleration program. And last, but not least, who wouldn’t want to raise their profiles amongst potential partners and investors?
Oh and that’s not all, selected startups will also have access to senior-level executives at leading financial institutions. These include Abu Dhabi Islamic Bank, Citi, Emirates NBD, First Abu Dhabi Bank, HSBC, Standard Chartered, Noor Bank, Mashreq, UAE Exchange, Visa, AIG, and Takaful Emarat. The startups have a unique opportunity of pitching their ideas to the investors.
To know more about the program and to see if you’re eligible, check out their website here.