Dubai International Financial Center’s Fintech Fund invests in four startups: FlexxPay, Rise, Now Money & Sarwa

Dubai International Financial Center’s Fintech Fund invests in four startups: FlexxPay, Rise, Now Money & Sarwa

Dubai International Financial Center, a global financial center and regional fintech hub has invested in four startups through its $100 million Fintech Fund, it announced today.. Rise provides banking and financial services inlcuding include no minimum balance bank accounts, remittances, consumer loans, and some insurance solutions, to the (low-income) unbanked and underbanked migrant workers in the United Arab Emirates.. Rise and Now Money have overlapping services but DIFC and its fund managers apparently were fine with investing in both the startups.. Dubai International Financial Center's Fintech Fund invests in four startups: FlexxPay, Rise, Now Money & Sarwa - June 8, 2020.