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Thu 5 Mar 2020 11:56 AM

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DIFC FinTech Hive announces expanded space

The space will also house a start-up boot camp

DIFC FinTech Hive announces expanded space

DIFC FinTech Hive said that expansion of the space “reflects the exponential growth in financial technology and innovation start-ups and increased demand for mentorship, knowledge-sharing, funding and direct access to leading global financial institutions”.

Financial technology accelerator DIFC FinTech Hive has expanded its business and innovation space within the centre.

In a statement, DIFC FinTech Hive said that expansion of the space “reflects the exponential growth in financial technology and innovation start-ups and increased demand for mentorship, knowledge-sharing, funding and direct access to leading global financial institutions”.

“The expanded space within the centre will house a new event area playing host to events and rage scale workshops, whilst the increased co-working area will accommodate additional start-ups, scale-ups and entrepreneurs, enabling them to capitalise on sector growth,” the statement added.

Three acceleration programmes now conduct operations from the Centre, including the FinTech Accelerator programme aimed at growth stage start-ups looking for accelerated market access opportunities, and the FinTech Hive Scale Up programme that enables series A start-ups access to VCs.

The space will also house ‘Startupbootcamp’, which has announced plans to accelerate start-ups working in a range of fields related to financial services, including AI and machine learning and distributed ledger technologies during the next three years.

In March 2019, the Centre announced the appointment of Middle East Venture Partners and Wamda Capital to manage $10 million of its dedicated $100 million FinTech Fund.

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