DIFC: FinTech Dubai raises US$2.8mn, signing over 40 POCs

DIFC: FinTech Dubai raises US$2.8mn, signing over 40 POCs

Startupbootcamp, FinTech Dubai completes its second cohort, raising US$2.8mn and signing over 40 proof of concepts in DIFC.. The program has proven to be a great of startups to engage with partners and generate high numbers of proof of concepts (PoCs).. Currently 90% of startups are scaling their solutions in the UAE from Dubai, within multiple sectors including: digital lending, banking, payments and credit decisioning, thanks to Dubai International Financial Centre (DIFC), VISA, Mashreq & HSBC.. "Despite the unprecedented pandemic challenges facing the global community, we have remained steadfast in our commitment to developing fresh and innovative FinTech start-ups in the DIFC through our strategic partnership with Startupbootcamp," commented Arif Amiri, Chief Executive Officer, DIFC Authority.. "The second cohort's achievements reflect our unrivalled focus on driving the future of finance, providing the ideal growth platform for entrepreneurs, start-ups, and venture capital firms to unlock opportunities to scale up in the region.. Through our unique best-in-class infrastructure and extensive expertise available throughout our international community of some of the world's leading financial institutions and start-up firms, there truly is an unmatched opportunity for ambitious start-ups to gain access to capital and elevate their businesses to the next level," he added". From