UAE – Mubasher: DIFC FinTech Hive, the region's first and biggest financial technology accelerator and hub, has expanded its business and innovation space inside the Dubai International Financial Centre (DIFC).
By hosting a number of events and increasing the coworking area, the centre aims to enable startups to discover more opportunities to develop, test, and modify their businesses and innovations, according to a press release on Wednesday.
Meanwhile, the centre has added the operations of three acceleration programmes, including FinTech Accelerator programme, to connect entrepreneurs with strategic investment partners in the field of FinTech and support them with funding.
The expansion came after the new funding accelerator programme FinTech Hive Scale Up had kicked off in January 2020.
In this regard, the CEO of DIFC Property Management, Saleh Al Akrabi, said: “FinTech companies, RegLab innovators and pioneering entrepreneurs seeking to launch operations, can now benefit from a new expanded space in the heart of Gate Avenue to scale their business and capitalise on the wealth of opportunities for FinTech in the [Middle East, Africa and South Asia region] (MEASA).”
Meanwhile, the executive vice president of DIFC FinTech Hive, Raja Al Mazrouei, stated: “We are pleased to announce that DIFC FinTech Hive has more than tripled in size to accommodate the rapidly expanding community and the next generation of FinTech pioneers.”
