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The global search for the best start-ups in the FinTech space kicked off last week with digital pitches from five top FinTech start-ups, including MamoPay and McLedger, writes Naman Arora.
Over the next five months, the FinTech Abu Dhabi innovation and start-ups teams will digitally visit 23 countries across the globe to scout for the best entrepreneurs, in a lead up to the FinTech festival happening in Abu Dhabi from November 24 to 26 later this year.
Shu Pui Li, adviser to the governor’s office of the Central Bank of the UAE and one of the judges of the digital pitches last week, said: “We’re at a time when we are seeing a lot of digital transformation, as banks move from offline to online. But this is not sufficient. They will need to transform their business models in order to stay current and relevant, in the post-Covid era, not just move their offline services online. This is what we would like to see in the FinTech 100.”
The FinTech 100 is a curated set of early and growth stage FinTech companies, that will be selected during The Search over the next five months. These teams will get access to funding opportunities, global connections, mentorship, networking, partner packages and a myriad of other opportunities to scale their company.
Applying companies must have a financially sustainable business model and a viable product in the RegTech, Lending, Blockchain, Capital Markets, Mortgage & Real Estate, Insurance, Personal Finance, Payments & Billing, Wealth Management or Money Transfer & Remittances spaces.
Applications for Bahraini FinTech start-ups are now open on https://www.fintechabudhabi.com/