- 15 Regional finalists pitched on the FinTech World Cup (FWC) grand finale throughout the Dubai FinTech Summit
Dubai, UAE, twelfth Might 2024, ZEX PR WIRE, The much-awaited Grand Finale of the FinTech World Cup (FWC) hosted by Trescon in partnership with Dubai FinTech Summit (DFS), VISA, Emirates NBD & Amazon Internet Providers (AWS), witnessed dedicated investments totalling price over USD 9,250,000 (9.25 million) by varied traders.
In an intense showdown, 15 certified start-ups from all over the world – Audax, Xaults Applied sciences, Monak E-Providers, YABX, ALTPAYNET, APPRO, Libeara, Letbloom, Myzoi, Vault22, Lordsystem, MOIN, Alphastream.ai, Validus, and Namara – pitched on the FWC Grand Finale to a room full of worldwide traders throughout the 2nd day of DFS.
Whereas APPRO emerged because the Winner of FWC and secured on the spot funding dedication of USD 500,000, different startups like Finix196 obtained dedication of USD 5 million by Dhruv Administration, Motive Companions dedicated USD 3 million to Alpha Stream and Validus received dedication of USD 750,000 by Aum Ventures.
Mohammed Saleem, Founder and Chairman of Trescon, acknowledged, “We were thrilled to host the Grand Finale of our FinTech World Cup at the Dubai FinTech Summit. By joining forces, we created an unparalleled platform for FinTech innovation, providing participants with access to Trescon’s international reach, a regulatory environment that fosters growth and most importantly access to much needed capital. As an FWC Jury Member & a fellow investor, I commit to investing in some of these start-ups too to walk the talk, including the USD 500,000 for FWC Grand Finale Winner Appro.”
Naveen Bharadwaj, Group CEO of Trescon, stated, “The FinTech World Cup is an opportunity to solve real-world challenges through collaboration and capital. In addition to the investments totalling worth USD 9.25 million that were announced, I’m happy to share that the winner & first two runner ups will also gain access to mentorship by the esteemed jury, Trescon Credits & Amazon credits – enhancing their resources for growth and development, global brand exposure, industry recognition and a path to success through strategic synergies and partnerships. We are committed to shaping an ecosystem that not only celebrates FinTech excellence but also propels the industry forward.”
The FWC jury was comprised of distinguished professionals from varied sectors of the FinTech business, together with Nasir Zubairi, CEO at The LHoFT Basis; Hugo Bongers, Companion at Motive Ventures; Sara Tabana, Senior Director of FinTech Innovation Technique at Visa; Melissa Cannon Guzy, Co-Founder and Managing Companion at Arbor Ventures; Mohammed Saleem, Founder and Chairman of Trescon; Chetan Mehta, Founding Companion at AUM Ventures; Rana Abdel Latif, Companion at Speedinvest; Nacira Alioua, Head of FinTech Engagement at Emirates NBD; and Tunc Ozgul, Head of Startup and VC Ecosystem at Amazon Internet Providers.
The twond version of the Dubai FinTech Summit was supported by world company companions, together with Founding Companions VISA, Emirates NBD (ENBD), Etisalat & (E&) and Business Financial institution of Dubai (CBD).
#FWC #DFS24 #Fintech #Difc #DifcInnovationHub #Trescon
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega occasion organised by the Dubai Worldwide Monetary Centre (DIFC), the main world monetary centre within the Center East, Africa and South Asia (MEASA) area. The twond version of the Dubai FinTech Summit will carry collectively over 8,000+ world business leaders, 1,500+ traders and coverage makers, signalling elevated urge for food for development alternatives within the area.
Dubai FinTech Summit alerts new wave of economic innovation, alternative, transformation, and development for the worldwide monetary providers sector. As a rising FinTech hub, Dubai can be spearheading the evolution of the monetary providers business, with investments in FinTech projected to develop by 17.2 per cent CAGR to USD949 billion from 2022 to 2030. The Summit aligns with the Dubai Financial Agenda D33’s strategic objective of propelling Dubai into the ranks of the highest 4 world monetary hubs by 2033.
The expanded programme of Dubai FinTech Summit is ready to exceed expectations by delving into key tracks, together with the way forward for FinTech, embedded and Open Finance, local weather finance, Web3 and digital belongings. The summit stands as a thought leadership-driven platform, addressing business challenges head-on and championing innovation.
Go to www.dubaifintechsummit.com
#Difc #DifcInnovationHub #DFS2024 #Fintech
For additional enquiries, please contact:
Samia Ahmad
Assistant Supervisor, Advertising and marketing at DIFC Innovation Hub
E: samia.ahmad@difc.com
Cellphone: +971 4 362 2657
Shadi Dawi
Director of PR & Strategic Partnerships
Trescon International
Cell: +971 55 498 4989
shadi@tresconglobal.com
