From artificial intelligence to cloud computing, the programme aims to empower fin-tech in all its forms.
Startupbootcamp Fin-tech Dubai reveals the ten startups selected for their second cohort. After four months of recruitment and over 450 applications received, ten startups from UAE, Egypt, Lebanon, India, Finland, Singapore, Uzbekistan, Kazakhstan, and South Africa have been selected to participate in the programme’s second cohort.
The ten teams will go through an intensive three-month acceleration programme in the heart of Dubai’s International Financial Centre (DIFC), and will work with world-class mentors and corporate partners to validate their business models and establish proof-of-concepts. Furthermore, the programme will conclude with a demo day where they will pitch their projects to the region's top investors and secure an opportunity to raise funds and sign pilot collaboration deals.
"We are very proud of the success of our first cohort and excited to announce that for our second cohort, we attracted some of the world's most prominent fin-tech startups in the fields of payments, lending, Islamic digital banking, employer gratuity management and others” says Khaled Lababidi, Managing Director of Startupbootcamp fin-tech Dubai.
The 10 selected for the 2020 cohort are:
A bank-issued smartwatch designed for payments at zero cost to the end-consumer.
A platform-as-a-service that reduces credit risk for lending companies on 'New to Credit' customers by converting their smartphones into a virtual collateral.
An intelligent data management platform built specifically for the due diligence process.
A cloud-based platform that helps SMEs design, implement and report their employee’s end of service gratuity plans.
An online invoicing and payment platform connecting merchants and clients by integrating local and global payment networks.
A marketplace connecting SMEs and investors to enable supply-chain financing.
A platform-as-a-service that makes it possible to accept non-cash payments via mPoS and tap-on-phone where there is a lack of internet connectivity.
A digital receipts and analytics application.
an Islamic digital bank that makes everyday money management efficient in a shariah-compliant way.
An equity investment portfolio management application that manages your investments using a Quantitative Investment Model (QIM) and Artificial Intelligence (AI)
The accelerator programme had launched its first cohort in 2018 and it is backed by UAE's Fin-Tech leaders such as DIFC, HSBC, Visa and Mashreq Bank. The corporate partners play a vital role in providing mentorship and support to the startups on their journey towards growth.
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