Mumbai, April 2021: Mumbai based mostly B2B cost gateway resolution supplier, SafexPay has began eyeing its expansions in Qatar markets publish its entry among the many prime 11 fintech start-ups at QFTH by Qatar Growth Financial institution.
The Qatar Fintech Hub (QFTH), which is co-founded by Qatar Growth Financial institution (QDB) and established to assist the expansion of the fintech business in Qatar, has introduced the ultimate record of profitable fintechs to affix Wave 2 of its Incubator and Accelerator Packages, that are as a consequence of run till June 2021.
The QFTH had obtained greater than 500 functions from early-stage and mature fintechs from over 58 nations, together with the USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.
Following a rigorous and multilevel analysis course of, a complete of 40 fintechs have been shortlisted to current their options through a digital pitch, a course of judged by a panel of representatives from QFTH stakeholders and strategic companions. Out of the 40 shortlisted, the highest 22 have been chosen and invited to take part within the Incubator and Accelerator Packages. The chosen fintechs cowl a wide range of expertise options, corresponding to AI, ML, Blockchain, RPA, NFC, NLP, OCR, and different fintech options.
SafexPay which is a 2017 fintech start-up stood out among the many prime 11 mature fintech within the Wave 2 of the Accelerator Program representing the one fintech firm from India among the many finalist to obtain a assist of undisclosed funding from Qatar Growth Financial institution.
Commenting on the win, Ravi Gupta, Founder, SafexPay stated, “This can be a nice achievement for us within the worldwide market as this may assist us to spice up our providers and enhance our visibility on a world stage. We have already got launched the platforms in UAE and Saudi Arabia final yr. We might be utilizing the assist funds on organising Platform in Qatar and offering new applied sciences. We’re actually proud as a fintech start-up to attain this and signify India among the many prime 11 mature fintech start-up throughout the globe.”
Commenting on the beginning of the programmes, Abdulaziz bin Nasser Al Khalifa, Chief Government Officer of QDB and Fintech Job Power Chairman, stated “I wish to congratulate all of the fintech startups whose management in innovation has enabled them to affix our flagship programmes. This marks the start of their journey in the direction of reshaping the way forward for monetary expertise in Qatar and past, and we’re assured they’ll assist us in constructing stable pillars for a knowledge-based financial system in Qatar.”
12 Week Programme
For a interval of 12 weeks, Wave 2 will provide taking part fintechs a novel 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 providers supplied by QFTH, its strategic companions and mentor community of over 36 worldwide and native mentors.
Upon the completion of the programmes, eligible fintechs might be referred to Qatar Central Financial institution’s Sandbox, the place they’ll obtain assist on licensing wants in Qatar, along with benefiting from a payment waiver on registration. Licensing alternatives from Qatar Monetary Centre in addition to the chance to collaborate with over 16 native monetary establishments and regulators and a variety of enterprise growth and funding alternatives on a world scale will even be accessible to taking part fintechs.
As a consequence of Covid-19 precautions & restrictions, Wave 2 of each the Incubator and Accelerator Packages might be carried out just about. The programmes will culminate with a Demo Day in June, the place representatives from every of the taking part fintechs will showcase their improvements to QFTH companions, business influencers and potential traders.
Safexpay is a Mumbai-headquartered fintech centered on fixing issues for companies who must both settle for on-line funds from or make payouts to varied stakeholders. We additionally concentrate on making our platform accessible to different service provider acquirers corresponding to banks, monetary establishments, fintechs & worldwide purchasers making us the chief in B2B2B white labelled funds.
Yasin Hamidani | 9967836604 | [email protected]
Disclaimer :- This story has not been edited by Outlook employees and is auto-generated from information company feeds. Supply: PTI