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UAE Tech Startup Platform Hub71 Partners with Mastercard to Support UAE Fintech Startups

The partnership is aimed at developing a thriving fintech startup community in Abu Dhabi by highlighting high potential startups to join a global accelerator program led by Mastercard.

Hub71, a tech ecosystem based in Abu Dhabi aimed at incubating global fintech startups, has partnered with mammoth payments company Mastercard to support Abu Dhabi’s thriving fintech startup community. The partnership comes as part of Mastercard’s ‘Start Path’, a global program aimed at helping later-stage finance and fintech startups in their journeys to scale. 

“We will develop a unique mentorship programme for Hub71’s fintech startups that helps them tap into both regional and global market opportunities, as well as technical and industry insights,” says Ibrahim Ajami, Interim CEO of Hub71. “This partnership highlights the evolution of Abu Dhabi’s tech ecosystem for innovative startups.”

Hub71 is made up of a community of founders, investors and industry leaders who all join forces to foster tech innovations in the UAE and to help them scale globally by providing a network of VCs and investors. The partnership will allow for both platforms to leverage their prowess to select high potential startups for the payment giant’s program with the goal of bolstering UAE’s fintech startup community. 

Start Path currently boasts 200 tech startups from across the world within their program, who have raised an accumulated $2.6 billion in post-program investment. “The Start Path program is our global initiative that engages with the best and brightest later stage startups,” says Gaurang Shah, Senior VP of Digital Payments & Labs at Mastercard Middle East and Africa. “Mastercard is keen to work with Hub71’s global community of innovators, to support them early on and throughout their journey.”

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