|22 January, 2020

DIFC FinTech Hive ropes in top investment partners to fund startups

The Scale Up Programme for fintech startups facilitate fast access to funding, access to partner resources

FinTech Hive in Dubai International Financial Centre. Image for illustrative purposes.

FinTech Hive in Dubai International Financial Centre. Image for illustrative purposes.

DIFC/handout via Thomson Reuters Zawya

DIFC FinTech Hive’s new funding accelerator programme for start-ups has roped in six top investment partners, it said on Wednesday.

The Scale Up Programme for fintech startups facilitate fast access to funding, access to partner resources, support services as well as connections to investor networks.

The new programme is supported by Middle East Venture Partners (MEVP), Etisalat, DIFC FinTech Fund, Dubai Cultiv8, FALCOM Financial Services and NIcapital, FinTech Hive said in a statement, adding that partners gain access to the startup ecosystem and benefit from faster access to growth and scale markets.

The FinTech Hive Scale Up programme is designed for post-Series A start-up companies with a scalable and repeatable business model. These are scaleups that will experience powerful impact from gaining access to venture capital and funds from the region on business growth potential.

FinTech Hive Scale Up programme is the second to launch under DIFC’s FinTech Hive following the FinTech Hive Accelerator program for growth stage startups.

(Writing by Seban Scaria seban.scaria@refinitiv.com , editing by Anoop Menon)

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© ZAWYA 2020

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