Abu Dhabi, United Arab Emirates: Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the United Arab Emirates (UAE), and Hub71, Abu Dhabi’s global tech ecosystem, have co-hosted the ‘Hub71 FinTech Pitch Day’ at the EDB Business Lab Abu Dhabi to support and explore growth opportunities for Hub71’s leading FinTech startups.

Nine Hub71 Fintech startups presented advanced technology-enabled financial solutions and capabilities to the EDB decision forum and EDB FinTech partners, including SME funding support solutions, payment solutions and open banking solutions. The solutions showcased offered unique approaches to conceptualise digital financial platforms for SMEs segment customers.

Shaker Zainal, Chief mSMEs Officer at Emirates Development Bank said: “As the UAE’s development bank, EDB views our nation’s FinTech companies as partners in the development of solutions which financially enable our customers to contribute to the economic competitiveness and industrial advancement of the UAE. We are pleased to have co-hosted the ‘Hub71 FinTech Pitch Day’, and value the opportunity to meet with leading representatives driving innovation within Abu Dhabi’s global tech ecosystem. Following this event, EDB looks forward to collaborating to jointly identify opportunities that will support the growth of UAE FinTech capabilities.”

Elodie Robin, Head of Growth & Strategy at Hub71, commented: “At Hub71, innovation thrives through effective partnerships and collaborations that spur the growth of key sectors and boost the digital economy. The "Hub71 FinTech Pitch Day" with Emirates Development Bank is one such example of the impactful involvement of leading UAE entities in accelerating the advancement and adoption of cutting-edge technologies and supporting entrepreneurship and innovation. We look forward to further collaborations with EDB and opportunities to help disruptive startups grow and scale from Abu Dhabi.”

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About Emirates Development Bank

Emirates Development Bank [EDB] the UAE’s development bank, is a key financial engine for the economic development and industrial advancement of the UAE. EDB provides financial and non-financial support to businesses of all sizes from start-ups, SMEs to corporates driving economic competitiveness across five strategic priority sectors: advanced technology, food security, healthcare, infrastructure, and manufacturing. EDB was established under Federal Law by Decree No. 07 of 2011 issued by the late Sheikh Khalifa bin Zayed Al Nahyan; and became operational in June 2015.

EDB Business Lab was launched 2017, a platform to collaborate, support and empower with UAE based Startups and SMEs by providing them the accessibility to important resources, Business and finance management mentorship and benefit from EDB partners special offers that support grow their businesses. 

For more details, visit www.edb.gov.aeFor more details, visit www.edb.gov.ae

About Hub71

Hub71 is Abu Dhabi’s global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent, governed by forward-thinking regulation.

Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71’s entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nation’s continuous economic development.

For more information visit www.hub71.com and follow us on @Hub71AD #Hub71.
Media contacts:  Arvin Rivera, TechHubEdelman@Edelman.com