DIFC FinTech programme continues - $600m raised to date

DIFC Innovation Hub saw over 500 people attend its latest annual flagship Investor Day,  including key figures from the investor community and finalists of the ninth edition of the FinTech Accelerator Programme and the seventh edition of AccelerateHer.

The Programme has raised over $600m since inception, as noted by Mohammad AlBlooshi, chief executive officer, DIFC Innovation Hub: "The FinTech Accelerator Programme has a phenomenal track record of empowering start-ups by helping them to transform their ideas into products and offerings unique to the financial market. The solutions showcased this year are some of the best we have seen within the industry and we congratulate these pioneers on successfully completing their programmes."

"We have numerous success stories to share, with over 200 start-ups graduating from our programme that have collectively raised over $600m in funding. In 2023, the programme also saw a record-breaking number of participants with over 700 applicants for a single cohort, out of which 19 start-ups graduated. We wish them every success as they continue to innovate and push boundaries."

The event featured a panel discussion on the ‘Future of Investment: Tech Investment Trends in the Region' including industry thought leaders such as Sharif Elbadawi, CEO of Dubai Future District Fund, Khaled Talhouni, managing partner of Nuwa Capital, Khaled Lababidi, operating partner at Arbor Ventures, moderated by Saqr Ereiqat, co-founder Crypto Oasis.

The event served as a ‘graduation day' for 19 start-ups from the FinTech Accelerator Programme - with a record-breaking 20+ proof-of-concepts created - and 10 women financial services professionals from AccelerateHer who showcased their business plans and enhanced skillset, having been mentored by some of the region's leading banks and insurance companies.

This year, AccelerateHer participants received endorsement and mentorship from Dubai Islamic Bank, whereas the FinTech Accelerator Programme was supported by Abu Dhabi Islamic Bank (ADIB), Abu Dhabi National Insurance Company (ADNIC), Emirates NBD, Emirates Post Group (EPG), HSBC, Mauritius Commercial Bank (MCB), Visa and Zurich.

DIFC is home to over 800 FinTech and Innovation companies who are unlocking the future of finance. Innovative start-ups including Norbloc, Sarwa, Tarabut gateway and Zywa have graduated from accelerator programmes by the DIFC Innovation Hub.

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