Startupbootcamp announced October 30, 2018, that its first-ever FinTech Accelerator program in Dubai is now live and all set to transform the city into a hotbed for financial services innovation and technology. To help accomplish that goal, Startupbootcamp has already joined forces with many key players including the Dubai International Financial Center (DIFC), HSBC, and Visa.
Over the next three years, the new FinTech Accelerator program will accelerate 40 startups from an array of niches and verticals directly affecting financial services innovation. These may include machine learning, artificial intelligence, and blockchain, to name a few. Startupbootcamp has clarified that the accelerator program is open for startups across the MENA, as well as the rest of the world.
“Dubai’s strong FinTech ambitions are focused on becoming the key financial hub serving a unique and rapidly developing region. Startupbootcamp, together with the partners, will support this vision by taking FinTech startups through a focused three-month growth program located in FinTech Hive at DIFC to address all critical areas of their business and prepare operations for future scaling,” Startupbootcamp explained.
The new initiative will ensure all necessary support to participating startups using its global network of investors, entrepreneurs, and connections within the global financial and FinTech sectors. Additionally, the participating startups will also receive multiple other perks such as a co-working space at free of cost, more than €450,000 worth of partner deals, and €15,000 to cover living expenses.