ADGM and UNBOUND to launch fintech startup pitching competitions in 30 cities

News Desk 18 February 2020

2 minutes read

Blockchain and Crypto News MENA DUBAI UAE

The award-winning worldwide monetary centre, Abu Dhabi International Market (ADGM) is worked up to announce the fourth annual FinTech Abu Dhabi Competition (FinTech Abu Dhabi) to be held from 24 – 26 November 2020. FinTech Abu Dhabi is MENA’s main FinTech occasion which brings collectively varied gamers and stakeholders to debate concepts and launch initiatives throughout the FinTech ecosystem.

ADGM, in collaboration with Unbound, efficiently held FinTech Abu Dhabi 2019 from 21 – 23 October 2019 with constructive critiques obtained from the FinTech group. It was the biggest FinTech occasion in MENA, with greater than 5000 contributors from 74 nations, the founders or world C-suite from 13 FinTech unicorns, 132 audio system and 111 exhibitors. A few of the key highlights embody the Investor Discussion board, Innovation Problem, FT50 Problem, FinTech Abu Dhabi Awards, and Authorities FinTech Discussion board. Excerpts of the occasion will be discovered right here.

As a part of the recruitment course of, ADGM and Unbound will conduct a world roadshow and host pitching competitions at 30 worldwide cities to pick the world’s high FinTechs, and produce them to Abu Dhabi. This 12 months’s Innovation Problem will for the primary time be hosted within the ADGM Digital Lab, a digital atmosphere supplied and supervised by ADGM. Contributors can use the Digital Lab to seamlessly join, experiment and develop progressive options creating new merchandise and check prototypes swiftly.

ADGM will shortlist as much as 10 finalists for the Innovation Problem to showcase their market-ready options at FinTech Abu Dhabi 2020. Finalists might be eligible to win a money grant enabling them to work with their Company Champion to develop and full their options. The winners will even be invited to be part of the Hub71 group.

ADGM want to invite Company Champions to register their curiosity in sponsoring downside statements and/or co-funding the PoC money grants on a matched foundation with ADGM for the Innovation Problem. If chosen, the Company Champions may have the distinctive alternative to pick from world–class FinTech gamers to work on their particular challenges. We welcome downside statements significantly pertinent to the transformative wants of the sensible digital monetary centre and digital financial system of the long run. The options to those challenges would allow a seamless, inclusive, sustainable and business-friendly atmosphere for digital transactions and monetary providers to flourish, such because the creation of digital marketplaces and infrastructures for SME / commerce / inexperienced finance.

“Following the success of 2019 the place we introduced the biggest FinTech occasion to this area, we’re trying ahead to a fair grander agenda and line-up of actions this 12 months. As a world FinTech hub and ecosystem enabler, ADGM has established a strong plug-and-play platform for company innovators, start-ups, and traders to develop and succeed. In an effort to actively drive the event of entrepreneurship, the Innovation Problem this 12 months will go one step additional to foster innovation by offering FinTech corporations and our Company Champions a prepared platform and money awards to construct PoCs and deploy options on the Digital Lab. Extra particulars on FinTech Abu Dhabi 2020 might be introduced in the end. So watch this area.” stated Mr Richard Teng, Chief Govt Officer of the Monetary Providers Regulatory Authority of ADGM.