Applications open for Dubai fintech accelerator

As Reported early this year, the DIFC had partnered with Accenture to launch Fintech accelerator that would assist startups in  Africa, Asia and the Middle East. The programme will offer access to mentorship from leading technology partners such as Facebook and Envestnet | Yodlee. The Applications that are open until may 28th is set to provide the successful startups with the opportunity to develop, test and modify their innovations in collaboration with senior representatives from DIFC Authority, Accenture, and financial institutions such as Citi, HSBC, Standard Chartered, Visa, Emirates NBD, and Mashreq.

“FinTech Hive at DIFC will connect innovators in financial services technology with the banks, financial institutions and service providers within our dynamic ecosystem at DIFC,” said Arif Amiri, chief executive officer (CEO) at DIFC Authority.

“Emerging technologies are playing a pivotal role in the transformation of financial services,”  added Omar Boulos, the regional managing director of Accenture in the Middle East and North Africa, “As Dubai evolves towards its smart city vision, and the broader MEASA region looks to accelerate and connect through investment ventures, fintech becomes critical,”

“FinTech Hive at DIFC opens up opportunities for those who understand the regional challenges well, and offers a chance to those international entrepreneurs who are able to apply lessons from around the world.”

Initial selection will be based on maturity, life stage, market traction and financing profiles. Applicants will need to have a well-defined prototype or service implemented in at least one market and will be looking at growing into the MEASA region.

The programme will culminate with up to 10 participants presenting their solutions at a demo day to an audience of venture capitalists and financial industry executives.

Interested Applicants Can apply here