Investments worth $9.25m committed to start-ups at Dubai FinTech Summit

Investments worth $9.25m committed to start-ups at Dubai FinTech Summit

Mohammed Saleem, Founder and Chairman of Trescon and Naveen Bharadwaj, Group CEO of Trescon at Grand Finale of the FinTech World Cup. While APPRO emerged as the Winner of FWC and secured on the spot investment commitment of $500,000, other startups like Finix196 received commitment of $5 million by Dhruv Management, Motive Partners committed $3 million to Alpha Stream and Validus got commitment of $750,000 by Aum Ventures. Image Credit: Supplied

Dubai: The Grand Finale of the FinTech World Cup (FWC) hosted by Trescon in partnership with Dubai FinTech Summit (DFS), VISA, Emirates NBD & Amazon Web Services (AWS), witnessed committed investments totalling worth over $9.25 million by various investors, organisers said in a media release.

In an intense showdown, 15 qualified start-ups from around the world - Audax, Xaults Technologies, Monak E-Services, YABX, ALTPAYNET, APPRO, Libeara, Letbloom, Myzoi, Vault22, Lordsystem, MOIN, Alphastream.ai, Validus, and Namara – pitched at the FWC Grand Finale to a room full of global investors during the 2nd day of DFS.

According to them, APPRO emerged as the Winner of FWC and secured on the spot investment commitment of $500,000, while other startups like Finix196 received commitment of $5 million by Dhruv Management, Motive Partners committed