Egypt Becomes the Second Country to Launch Arab Bank’s “AB Accelerator” Programme

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Egypt
  • Date: 29-Aug-2021
  • Source: The Fintech…
  • Sector: Economy
  • Country: Egypt
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Egypt Becomes the Second Country to Launch Arab Bank’s “AB Accelerator” Programme

The “AB Accelerator” program aims to accelerate the adoption of emerging technologies and solutions within Arab Bank , and support entrepreneurs with the opportunity to scale their market-ready FinTech startups across the MENA region. Driven by this objective, the “AB Accelerator” program works to integrate into Egypt’s startup scene through investing in early-stage startups specialised in FinTech as well as other related technology verticals, such as cybersecurity and artificial intelligence (AI), with a focus on startups that demonstrate strategic alignment with Arab Bank. Commenting on the launch of the program in Egypt, Hala Zahran , Lead of AB Accelerator commented: “AB Accelerator is unique in a way that applies a venture client as well as a venture capital model. “AB Accelerator” provides early-stage startups with a banking and commercial collaboration that not only helps them gain credibility and validate their product, but also allows them to instantaneously tap into multiple geographies. As such, “AB Accelerator” program encompasses the essence of what a strategic investor is.” Zahran also added: “Over the past two years, we have invested in a global portfolio of startups from the US, Europe and in the MENA region, including startups like Seclytics (Cybersecurity), Tabby (Buy Now Pay

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