DIFC’s FinTech Hive launches new start-up ‘Scale Up Programme’
DIFC's FinTech Hive Scale Up programme benefits scaleups by helping them grow through strategic partnerships
DIFC’s FinTech Hive revealed the launch of a new funding accelerator programme for FinTech start-ups in the region.
The new accelerator programme is supported by six leading investment partners - Middle East Venture Partners (MEVP), Etisalat, DIFC FinTech Fund, Dubai Cultiv8, FALCOM Financial Services and NIcapital. Partners gain access to the start-up 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.
Commenting on the announcement, Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive, said: “We are delighted to have launched the ‘FinTech Hive Scale Up’ programme to support the region’s growing FinTech community, and give them a strong platform to drive innovation in the MEASA region.”
FinTech Hive Scale Up programme is the second to launch under DIFC’s FinTech Hive following the FinTech Hive Accelerator program for growth stage start-ups.