Fintech Dubai opens applications for its second cohort

Fintech Dubai opens applications for its second cohort

Fintech Dubai Applications
27-Aug-2019

Applications are now open to join the second cohort of the Startupbootcamp FinTech Dubai Accelerator, supported by the Middle East, Africa and South Asia (MEASA) region’s leading financial hub, Dubai International Financial Centre (DIFC), as well as leading players in the finance and banking sectors like Visa, Mashreq Bank and HSBC.

The accelerator completed its first cohort in April 2019, with ten international and regional Fintech startups landing business development, fundraising opportunities with international market leaders, and fifteen plus proof of concepts (POC) with leading regional players.

Startups applying to the Startupbootcamp FinTech Dubai Accelerator will have the opportunity to join the 3-month acceleration program that will take place in the heart of Dubai’s financial district, in DIFC, from January to April 2020. The program will provide all the tools to take a startup from its initial launch to developing a highly scalable business with substantial revenue growth. Moreover, the selected startups will also have access to Startupbootcamp’s global network of entrepreneurs, investors and corporate partners, free co-working space, €15,000 bonus to cover living expenses and over €300,000 worth of partner deals. Startups interested in joining the accelerator can apply here.

Peyman Al Awadhi, Head of Marketing, Corporate Communications at DIFC Authority expressed excitement, “We can’t wait to see the innovative ventures that will come our way for 2019 program. The DIFC continues to develop its dynamic FinTech ecosystem to provide entrepreneurs and innovators with everything they need to scale their business”

Otto Williams, Head of Strategic Partnerships, Fintech and Ventures at Visa for Central and Eastern Europe, Middle East and Africa, said: “We are proud to continue this association and look forward to mentoring the next wave of start-ups joining the Startupbootcamp FinTech Dubai Accelerator as we continue to support the UAE’s growth as a fintech hub.”

Subroto Som, Executive Vice President – Group Head of Retail Banking Group, MashreqBank, agrees, “At Mashreq, we are playing a leading role by supporting and encouraging fintech companies to enhance their business models, with the aim of ultimately deploying new solutions and technologies in the UAE and beyond.”

HSBC’s CIO of Middle East, North Africa and Turkey, Ghinwa Baradhi, commented: “Nurturing young technology firms is an important step in creating an ecosystem of innovation in the region and we are focused on doing so.”

Khaled Lababidi, Managing Director of Startupbootcamp FinTech Dubai, commented that “Our accelerator is uniquely designed in three phases that take startups from their market-fit validation to building systems and infrastructure with scalable technologies, and lastly, to mastering fundraising techniques and growing their customer base.

Khaled believes in the second cohort we’ll be able to raise the bar from recruitment, community engagement, along with hitting new records with POC’s and investments while delivering a great Demo Day.

We were intrigued to know more about; what fuels Khaled’s passion towards startups and FinTech in specific? “Prior to my career switch, I spent the past 15 years as an investment banker across Canada, the U.S. and the Middle East. It has given me great exposure to both corporates, but also valuable insight into the inner workings of a bank, and how they operate but at the same time the roadblocks you face while collaborating with such organisations. It’s really a blend of these experiences that attracted me to SBC’s FinTech program. Personally, I love listening to the stories of founders, how they got their startups off the ground and then helping companies distill down to their main product offering. There is something about guiding them see different angles to where their business is and where it can go all while opening up a whole new realm of networking.”

Our intensive three month program provides ten selected FinTech companies with hands-on mentorship from over 100 industry experts, office space in Dubai, seed funding, and access to a global network of investors and corporate partners from across the  industry.

The deadline to apply is November 19th, 2019. However, we encourage startups to apply early as we are reviewing applications on a weekly basis and may invite you to meet our team virtually or when they are in your city. 

Learn more about Startupbootcamp FinTech Dubai.