The third version of Startupbootcamp Fintech Dubai’s accelerator program has now concluded.
Throughout the Demo Day, there have been 11 startups that pitched their concepts to potential traders, company companions, business consultants, mentors, and most people.
Startupbootcamp Fintech Dubai was launched in 2018 via a partnership with Dubai Worldwide Monetary Centre (DIFC), funds large Visa, Mashreq financial institution and HSBC. The initiative has seen over 30 Fintechs graduate from its coaching packages since its inception. These firms are primarily centered on funds, digital lending and Islamic or Sharia-compliant digital banking providers.
The 11 startups that managed to graduate from the boot camp had been supplied mentorship and quick access to worthwhile sources, key business insights, know-how and experience through the 3 months of the coaching program. The help these firms acquired allowed them to refine their proof-of-concepts or POCs which helped validate and implement their enterprise fashions.
These Dubai startups are largely seed stage initiatives, which acquired wherever between $250,000 and $1.8 million in capital. The boot camp program has inspired strategic partnerships between corporates and these startups. This system additionally helps these early-stage corporations with establishing working relationships with corporates.
Enterprise concepts pitched throughout Demo Day included a monetary wellness answer for Gen Zs and an insurance-as-a-service platform that lets individuals purchase insurance coverage packages inside seconds.
Mohamad Sabouneh, the MD at Startupbootcamp Fintech Dubai, said:
“Over the previous 12 weeks the startups have perfected their enterprise fashions, carried out new go-to-market methods, streamlined the operations, amongst many different development areas. I’m assured of their continued success and we, at Startupbootcamp FinTech Dubai, are very excited for the journey forward for this cohort.”
The 11 startups are:
Absolute Collateral (UK): a buying and selling platform developed for monetary establishments.
Aura Applied sciences (UAE): an enabler for non-insurance corporations to supply protection to their purchasers.
Compliance as a Service (UK): a Regtech firm providing compliance administration options to Fintech challengers.
Finllect (UAE): a monetary wellness answer for Gen Zs to ascertain credit score, automate funds, and prequalify for sure monetary merchandise.
Flaist (US): a digital toolkit together with APIs and SDKs for enhancing banks and digital establishment’s on-line expertise.
Kilde (Singapore): a personal debt funding platform elevating funds for on-line lenders from traders.
Open CBS (Hong Kong): a Cloud-powered core banking answer for monetary providers suppliers
Raseed (US): an funding platform for GCC based mostly Millennials to accumulate shares from US inventory markets.
Singular Capital (Malaysia): an funding administration app that goals to assist customers earn higher returns.
Stornest (UAE): a digital legacy planning instrument for sharing info with your pals or household that you’d desire to maintain non-public if you are nonetheless alive.
Tajjir (Jordan): a web based buying and selling app that permits inventory brokers to extend commerce quantity
Raja Al Mazrouei, EVP of Fintech Hive at DIFC, remarked:
“Startupbootcamp Fintech Dubai’s program has attracted massively bold and progressive Fintech startups from across the globe since launching in 2018. Congratulations to the 11 collaborating start-ups graduating from the present cohort who be part of over 100 like-minded companies who’ve been via one of many three packages we at present provide via DIFC Fintech Hive. All of them have the potential to assist us form the way forward for finance within the MENA area.”