- The FinTech World Cup Grand Finale saw over USD 9.25 million in committed investments from global investors.
- APPRO emerged as the winner, securing an on-the-spot investment commitment of USD 500,000.
- Finix196 received USD 5 million, Alpha Stream received USD 3 million, and Validus secured USD 750,000 in investment commitments.
- Mohammed Saleem pledged personal investments in selected startups, including the grand prize winner, APPRO.
- The event brought together leading figures from the FinTech industry, fostering innovation and collaboration across the ecosystem.
The Grand Finale of the FinTech World Cup was hosted by Trescon in partnership with Dubai FinTech Summit (DFS), VISA, Emirates NBD, and Amazon Web Services (AWS). It witnessed over USD 9.25 million in committed investments from various investors.
Fifteen startup companies from all over the globe competed fiercely at the FWC Grand Finale during the 2nd day of DFS. These included Audax, Xaults Technologies, Monak E-Services, YABX, ALTPAYNET, APPRO, Libeara, Letbloom, Myzoi, Vault22, Lordsystem, MOIN, Alphastream.ai, Validus, and Namara,
However, during the intense showdown, APPRO emerged as the Winner of FWC, securing an on-the-spot investment commitment of USD 500,000.
Whereas, the other startups received significant investment commitments as well. Finix196 received a commitment of USD 5 million from Dhruv Management, Motive Partners committed USD 3 million to Alpha Stream, and Validus secured a commitment of USD 750,000 from Aum Ventures.
The event showcased the global interest and investment potential in the participating FinTech startups, marking a significant step forward for the FinTech industry.
The Grand Finale of the FinTech World Cup, hosted at the Dubai FinTech Summit, marked a significant moment for innovation in the financial technology sector.
Mohammed Saleem, Founder and Chairman of Trescon, expressed his enthusiasm for this event. He highlighted the unique platform created by the collaboration, offering unparalleled opportunities for FinTech innovators.
As an investor himself, Saleem pledged to invest in some of the participating start-ups, including the grand prize winner, Appro that received a generous investment of USD 500,000.
Naveen Bharadwaj, Group CEO of Trescon, emphasized the importance of collaboration and capital in addressing real-world challenges. He announced investments totalling USD 9.25 million as well as additional benefits for the top three winners.
These benefits include mentorship by the esteemed jury, Trescon Credits, Amazon credits, global brand exposure, and industry recognition. Bharadwaj highlighted the commitment to nurturing an ecosystem that not only celebrates FinTech excellence but that also drives the industry forward.
The Dubai FinTech Summit’s second edition assembled a prestigious jury. Professionals from diverse sectors within the FinTech industry are part of this esteemed panel. Nasir Zubairi, CEO at The LHoFT Foundation; Hugo Bongers, Partner at Motive Ventures; Sara Tabana, Senior Director of FinTech Innovation Strategy at Visa; Melissa Cannon Guzy, Co-Founder and Managing Partner at Arbor Ventures; Mohammed Saleem, Founder and Chairman of Trescon; Chetan Mehta, Founding Partner at AUM Ventures; Rana Abdel Latif, Partner at Speedinvest; Nacira Alioua, Head of FinTech Engagement at Emirates NBD; and Tunc Ozgul, Head of Startup and VC Ecosystem at Amazon Web Services, are part of this panel.
Furthermore, prominent global corporate partners also supported the event. VISA, Emirates NBD (ENBD), Etisalat & (E&), and the Commercial Bank of Dubai (CBD) are among these partners. Their involvement underscores the significance of the summit within the international FinTech landscape.
The collaboration at the DFS brought together leading figures, fostering innovation and collaboration across the FinTech ecosystem. The combined expertise and resources of these partners and jury members contributed to the overall success of the summit. They facilitated impactful discussions and initiatives to drive FinTech advancement on a global scale.
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Last Updated on May 13, 2024 by Safiya K
