DIFC’s 100USD Million Fintech Fund Invests in 4 Fintech Startups

  • Date: 08-Jun-2020
  • Source: Fintech News Middle East
  • Sector:Technology
  • Country:UAE
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DIFC’s 100USD Million Fintech Fund Invests in 4 Fintech Startups

Dubai International Financial Centre (DIFC) announced that it has invested in four FinTech start-up companies.. The investment reflects the DIFC's commitment to driving the future of finance and is part of the USD 100 million FinTech Fund launched in 2019 to help establish, grow and upscale start-up and growth stage FinTech companies seeking access to the MEASA markets.. The startups who applied for funding were evaluated by the DIFC FinTech Fund.. As part of DIFC's commitment to developing the sector, more applications will be evaluated and further investments will be made by the fund to be announced within a short period.. To scale up the four FinTech businesses, DIFC FinTech Fund invested in. The DIFC FinTech Fund accelerates the development of impactful FinTech firms, taking them a step further toward capitalising on the strong growth opportunities available in the region.. Through investing and providing the region's most comprehensive platform, we can drive innovation across MEASA's financial services sector.".