SAMA and CMA 12 Fintech startups as part of Fintech accelerator program

SAMA and CMA 12 Fintech startups as part of Fintech accelerator program

Under the patronage of the Governor of the Saudi Central Bank (SAMA), Dr. Fahad Almubarak and the Chairman of the Capital Market Authority (CMA), Mr. Mohammed ElKuwaiz, Fintech Saudi organized the closing ceremony of the second cohort of the Fintech Accelerator on Tuesday 26/07/2022.

The 12 fintech companies from the Fintech Accelerator Program presented their innovative solutions, culminating months of hard work, which contributed to develop their product strategies and business models, acquire expertise and knowledge by international and local experts.

Dr. Fahad Almubarak delivered the opening speech, while Mr. Mohammed Elkuwaiz welcomed the visitors and reaffirmed the support of SAMA and CMA for financial technology sector entrepreneurs.

On his side, SAMA’s governor stated that: “Start-up Fintech companies’ role extends beyond providing innovative financial services to include supporting the broader scope of economy. We seek at SAMA, in cooperation with the CMA and our partners in the government and private sectors, to develop the Fintech sector under the ambitious national strategy issued by the Crown Prince, Chairman of the Supreme Committee for Research, Development and Innovation, and under the Financial Sector Development Program (FSDP)–one of the Saudi Vision 2030 programs. Such efforts are made to fulfill the leadership’s aspirations for the Kingdom to