Qatar FinTech Hub (QFTH), co-founded by Qatar Growth Financial institution (QDB) has introduced the ultimate listing of profitable FinTechs to hitch Wave 2 of its Incubator and Accelerator Applications. Each Applications began on 24 March and can run till June 2021.
QFTH acquired greater than 500 functions from early stage and mature FinTechs from over 58 nations, together with USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.
The functions went by a rigorous and multilevel analysis course of, the place over 40 FinTechs had been shortlisted to current their options by way of digital pitch days judged by a panel of representatives from QFTH stakeholders and strategic companions. Out of the 40 Fintechs, the highest 22 had been chosen and invited to take part within the Incubator and Accelerator Applications. Chosen FinTechs coated quite a lot of know-how options equivalent to AI, ML, Blockchain, RPA, NFC, NLP, OCR and different FinTech options.
Eleven early stage FinTechs had been additionally chosen to hitch Wave 2 of the Incubator Program together with Snoonu Buying and selling and Providers in addition to Karty from Qatar, Cammillion from Singapore, ePaysa from India, Digitalistic from Bangladesh, Akillifon from Turkey, CHANGE COM from Jordan, Kwidex from Ghana, Nu Credit in addition to Bondsmart and Finstant from the UK.
The 11 mature FinTechs chosen for Wave 2 of the Accelerator program are Prive T from Hong Kong, Lively.AI in addition to Finchat from Singapore, eBaoTech from China, SafexPay from India, Twyla Expertise from Qatar, FinChatBot from South Africa, Cargon from Georgia, Make investments Suite from Belgium, Elite Capital, and Revix from the UK.
Commenting on the beginning of the applications, Abdulaziz bin Nasser Al Khalifa, Chief Govt Officer of QDB and Fintech Process Drive Chairman, stated “I want to congratulate all of the FinTech startups whose management in innovation has enabled them to hitch our flagship applications. This marks the start of their journey in direction of reshaping the way forward for monetary know-how in Qatar and past, and we’re assured they are going to assist us in constructing strong pillars for a knowledge-based economic system in Qatar.”
“The Qatar FinTech Incubator and Accelerator Applications proceed to draw entrepreneurs from world wide, establishing Qatar as a most well-liked vacation spot for Fintechs trying to set up a base within the area,” concluded Nasser Al-Khalifa.
For a interval of 12 weeks, Wave 2 will supply taking part FinTechs a singular incubation and acceleration journey with all of the important assist required to determine their companies regionally and to develop regionally and internationally.
Every taking part FinTech will obtain monetary and in-kind assist of as much as $250,000, along with bespoke mentoring and coaching companies offered by QFTH, its strategic companions and mentor community of over 36 worldwide and native mentors.