Investment surges in DIFC FinTech firms ahead of Dubai FinTech Summit

Investment surges in DIFC FinTech firms ahead of Dubai FinTech Summit

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First edition of Dubai FinTech Summit, organised by DIFC, set to convene over 5,000 international experts and policymakers in Dubai.

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H.E. Abdullah Bin Touq Al Marri, UAE Minister of Economy to join plenary session.

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Speakers include global heads and founders from Citi Venture, Coinbase, FireBlocks, and Standard Chartered PLC among others.

Dubai:- (ACN Newswire) - Dubai continues to solidify its reputation as a global hub for FinTech and Innovation ahead of the Dubai FinTech Summit taking place on 8 and 9 May this year under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Deputy Prime Minister and Minister of Finance of the UAE; and President of the Dubai International Financial Centre. During 2022, investment in DIFC's FinTech and innovation community exceeded USD615 mn and the total number of active firms in the sector grew 36 per cent to 686.

The Fintech and Innovation sector in the Middle East, Africa and South Asia (MEASA) region is growing at pace with a market value forecasted to double in size from USD135.9 bn in 2021 to USD266.9 bn in 2027 according to DIFC FinTech Hive's 2022 FinTech Report. The Dubai FinTech Summit will provide the perfect environment for