DIFC FinTech Accelerator 2021 will empower more world-class

The DIFC FinTech Accelerator 2021 will empower more world-class FinTechs than ever before through innovation sprints

Dubai, United Arab Emirates, 19 May 2021: With a new virtual model for its extremely successful FinTech Accelerator program this year, DIFC FinTech Hive, the Middle East, Africa, and South Asia (MEASA) region's first and largest financial technology accelerator, continues to build on its leadership in advancing the Future of Finance. This year, the FinTech Accelerator 2021 will be held in a hybrid format, allowing FinTech startups from all over the world to participate, allowing them to gain access to Middle Eastern markets while also benefiting from DIFC's status as a global financial center.

The FinTech Accelerator 2021 will match participating FinTechs with industry partners, allowing them to work flexibly to uncover new growth potential. It will bring together an unrivaled community of the region's largest financial services organizations, such as banks, investment, and insurance organizations. Workshops, marketing, and PR exposure, networking, partnerships, and access to the DIFC's regulatory sandbox via its Innovation Testing License are just a few of the advantages. Participants will also have the chance to pitch their companies to important stakeholders and investors, including the DIFC's own USD 100 million FinTech Fund.

In addition, by offering two innovation sprints, the DIFC FinTech Hive Accelerator will be able to support more businesses than ever before, thus strengthening the DIFC's Innovation ecosystem. This builds on DIFC's success in 2020 when the number of businesses in its FinTech and innovation ecosystem more than doubled to 303.

“This year, we are taking the DIFC FinTech Hive Accelerator to the next level, with a hybrid approach program, geared to attract world-class innovation in finance,” said Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive. We are focused on maximizing the Accelerator's impact and success in Shaping the Future of Finance by searching out the top companies internationally – which also match our industry partners' priorities and needs. Furthermore, with two intakes, we will be able to meet the demand from entrepreneurs around the world that want to take advantage of DIFC's unique FinTech-focused ecosystem and use it as a springboard for expansion in our region and beyond.”