After four months of rigorous screening, Startupbootcamp FinTech Dubai has announced the 10 startups for its second cohort.
The selection process was particularly challenging given more than 450 startups from all over the world applied to be a part of the program. The accelerator program, currently in its second year, had room for only 10.
Now that we finally have the results, Startupbootcamp FinTech Dubai 2.0 will feature startups from the UAE, the US, India, Singapore, Egypt, Finland, South Africa, Lebanon, Kazakhstan, and Uzbekistan.
By the way, just in case you didn’t know it already, Startupbootcamp FinTech Dubai is backed by some of Dubai’s most prominent FinTech supporters including the Dubai International Financial Centre (DIFC), HSBC, Visa, and Mashreq Bank.
Here’re the 10 startups that qualified (in no particular order):
- ePension (UAE): A cloud outfit dedicated to helping SMEs handle employees’ end of service gratuity plans.
- SnapSlip (South Africa): A FinTech startup offering digital receipts and analytics apps.
- Datacultr (India): A platform-as-a-service provider that uses innovative ways to reduce credit risks for lending companies.
- Coin Pay (USA): A FinTech startup that offers bank-issued smartwatches for convenient payments.
- TradeQuant (Lebanon): An innovative platform that combines AI and QIM to provide high-quality equity investment portfolio management apps.
- Tayyab (Kazakhstan): A Shariah-compliant Islamic digital bank
- Marta (Uzbekistan): A platform-as-a-service provider that facilitates non-cash payments without requiring any internet connection.
- Lending Star (Singapore): An online marketplace that connects businesses with investors to facilitate supply-chain financing
- DD-Ready (Finland): A next-generation data management platform.
- Fawaterak (Egypt): An online invoicing platform that also includes a rather extensive range of local and global payment networks.
Meanwhile, commenting on the roadmap for cycle 2.0, Khaled Lababidi, Managing Director of Startupbootcamp FinTech Dubai, noted: “The 10 teams will go through an intensive three-month acceleration program, in the heart of the DIFC and will work with top-notch mentors and corporate partners to secure proof-of-concepts to validate their business