Distichain and Markit peer-selected for investment

Distichain and Markit peer-selected for investment

UAE-based e-commerce and e-procurement platform Distichain and Lebanon-based on-demand grocery delivery service Markit are set to receive $45,000 in funding after being peer-selected for investment during the Finance Forward Mena 2020 accelerator programme.

Finance Forward Mena 2020 is a multi-year global coalition to support entrepreneurs from four continents who are building tech-enabled solutions to challenges around financial health. The programme was managed by Village Capital in collaboration with MetLife Foundation and PayPal, and was executed with local partners Beyond Capital, Impact Hub Istanbul and EFG-EV Fintech.

UAE-based financial technology (fintech) startups: Datacultr Fintech Limited, HubPay and Buyback Bazaar Technology, who ranked 3-5 in the peer review process, will receive $20,000 in grant funding.

"We congratulate the winners who, like their peers, are striving to put peoples' lives and businesses on stronger financial footing