20 July 2018
Visit www.avoka.com

DIFC establishes $100 million fintech fund

14 November 2017  |  7207 views  |  0 Middle East Ancient Arch

Dubai International Financial Group (DIFC) has established a $100 million fintech-focused fund to invest in start-ups from incubation through to growth stage.

Dubai has been actively promoting its credentials as an international hub for fintech startups in the Middle East, Africa and South Asia region, signing co-operation deals with other global hubs, launching an accelerator scheme and creating a regulatory sandbox environment.

The latest initiative is geared towards attracting more fintech startups to set up shop in the UAE city.

Essa Kazim, governor of DIFC, says: “We are launching a new $100 million fund to help establish, grow and upscale start-up and growth stage fintech firms looking to access the MEASA markets. The fund will leverage the DIFC’s fintech ecosystem consisting of attractive experimental licenses, market leading pricing and collaborative spaces. There is immense opportunity in this market, and this will be one more step towards shaping the future of finance in the region.”

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Dubai Economy preps digital currency

Dubai Economy preps digital currency

29 September 2017  |  13197 views  |  0 comments | 13 tweets | 15 linkedin
Hong Kong and Dubai pledge fintech allegiance

Hong Kong and Dubai pledge fintech allegiance

29 August 2017  |  14279 views  |  0 comments | 7 tweets | 6 linkedin
Dubai encourages fintech with temporary financial services licence

Dubai encourages fintech with temporary financial services licence

24 May 2017  |  11115 views  |  0 comments | 22 tweets | 16 linkedin
IBM and Dubai Government initiate blockchain logistics initiative

IBM and Dubai Government initiate blockchain logistics initiative

07 February 2017  |  14879 views  |  0 comments | 8 tweets | 9 linkedin
Dubai aims to generate startup buzz with FinTech Hive

Dubai aims to generate startup buzz with FinTech Hive

11 January 2017  |  9159 views  |  0 comments | 12 tweets | 11 linkedin

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12676 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10100 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9650 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6583 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6406 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job