FinTech Abu Dhabi, MENA’s FinTech festival that is hosted by Abu Dhabi Global Market (ADGM) announced last week its global fintech tour will be reaching even more cities ahead of the main event in Abu Dhabi this upcoming October.
Abu Dhabi reported that the FinTechAD Tour, which is co-organised by the ADGM and Unbound, is visiting global financial hubs to identify the most exciting FinTech start-ups and talent in the world today. The new tour dates have been added to the global itinerary including:
- Frankfurt: September 9th
- Milan: September 10th
- Luxembourg: September 12th
- Amman: September 15th
- Cairo: September 16th
- Riyadh: September 17th
- Casablanca: September 19th
Abu Dhabi then reported that the winners of each leg of the FinTechAD Tour will form part of the FinTech 50 which includes pitching their solutions to an international audience of financial institutions, regulators, corporates and media at ADGM’s flagship event in October (21st-23rd).
“FinTech 50 firms can also enter the FinTechAD Innovation Challenge where FinTech firms are selected to solve real industry issues and problem statements affecting Abu Dhabi and the region. Selected winners of the FinTechAD Innovation Challenge will also benefit from the opportunity to relocate their business to Abu Dhabi and qualify for various entrepreneur support programmes, funding schemes, and collaborative projects with corporate champions to scale and deploy their solutions out of Hub71 – the tech hub in ADGM.”
The winners of the completed FinTechAD Tour stages to date, who have secured their places at the FinTech Abu Dhabi Festival are:
Europe:
- UK: StepLadder– a collaborative digital savings tool that allows member users to save as a group towards their property deposit
Middle East and Africa:
- Rwanda: Akokanya– an online ticketing platform for event management and Exuus – a FinTech start up that leverages the power of collective saving and credit scoring models to achieve financial inclusion
Asia:
- China: Joint Winners: Swiftpass & Allinpay. Swiftpass is a one-stop service to meet the diversified, multi-scenario, multi-terminal payment needs of customers by aggregating international payment methods. Allinpay offers a payment solution designed to aggregate the majority of online and offline payments tools and services
- Singapore: Deepscope– an AI and machine learning tool that analyses the entire stock market to deliver quality stocks for investors, brokers and funds
Central Asia:
- Azerbaijan: Cryptoyote– an AI-powered platform for cryptocurrency traders
- Georgia: CNICK –The first smart wooden ring to replace the need to carry multiple plastic cards for access, payments and loyalty programmes
- Uzbekistan, Mayasoft –Mayasoft provided Microsoft’s international certificate training under a corporate and an individual title
- Kazakhstan, Joint Winners: Biometric & Lending Star. Biometric’s cash microfinance business targets developing countries with low credit card penetration, whilst Lending Star aims to change the world of business financing by creating a financial marketplace for small and medium businesses
Wai Lum Kwok, Senior Executive Director (Capital Markets), Financial Services Regulatory Authority of ADGM, added:
“ADGM is excited that FinTech AD Tour has been gaining strong traction and support globally and in the various cities. The calibre of participating FinTech companies and entrepreneurs has been very impressive and it reveals how advanced and innovating the respective FinTech communities in each city that we have toured. FinTech Abu Dhabi Tour is an integral component of FinTech Abu Dhabi Festival. As an International Financial Centre and a FinTech Hub in MENA, ADGM is committed to do what it takes to nurture emerging tech and FinTech enterprises to thrive and grow locally in Abu Dhabi and globally. We look forward to meeting up with more FinTechs in the new cities soon.: