Qatar Fintech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the fintech industry in Qatar, has announced the Demo Day for the Wave 2 of its flagship incubator and accelerator programmes (IAP), which will take place on July 1, 2021, virtually.
QFTH Demo Day for Wave 2, sponsored by Doha Bank, will be one of the major fintech events in the region hosting key players from the local financial services ecosystem, as well as investors, global startups, international FinTech hubs, aspiring entrepreneurs and fintech enthusiasts.
Under the theme, ‘Emerging Technologies’, the programme has received tremendous traction during Wave 2 with over 550 applications from more than 55 countries across the globe including USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.
As many as 11 early-stage startups and 11 mature fintechs were selected from the application pool. The selected fintechs for the incubator programme are Snoonu Trading and Services, Karty, Cammillion, ePaysa, Digitalistic, Akillifon, CHANGE COM, Kwidex, Nu Credits, Bondsmart and Finstant.
The selected fintechs for the accelerator programme are Prive T, Active.AI, Finchat, eBaoTech, SafexPay, Twyla Technology, FinChatBot, Cargon, Invest Suite, Elite Capital and Revix.
The selected fintechs covered a variety of technology solutions such as AI, ML, Blockchain, RPA, NFC, NLP, and OCR, and are well on their way to launch a host of new and empowering services to accelerate the digital transformation of global markets.
Throughout the programme, participants took part in more than 350 business development sessions with 15 financial institutions and completed a series of Masterclasses and fintech Bootcamps conducted by QFTH partners and renowned speakers from across the world.
"Through our specialised incubators, such as QFTH, we aim to develop fintechs as well as support entrepreneurs and innovators to make an impact within the domain, both regionally and globally. The QFTH IAP continue to attract entrepreneurs from around the world, building upon the robust Qatari financial sector, and powered by the support of our partners who play a major role in their success,” said Abdulaziz bin Nasser al-Khalifa, chief executive of QDB and chairman of QFTH Taskforce.
Dr R Seetharaman, chief executive of Doha Bank, said over the recent few years, fintech has become a catalyst for financial innovation.
Highlighting that banks in Qatar are keen on leveraging the fast-developing fintech ecosystem, he said "Doha Bank is keen to explore fintech collaborations to build customer centric value propositions."
The next wave of fintech innovation is exciting and looks to be a win-win for all stakeholders, he said.
QFTH is currently gearing up for the anticipated Wave 3 of its incubator and accelerator programmes, which will focus on ‘Embedded Finance and TechFin’. Applications are now open for the programmes that will run from October to December 2021.
All applications undergo a thorough evaluation process, where shortlisted candidates will be invited to present their solutions in front of a jury panel comprised of key stakeholders from Qatar’s financial services ecosystem.
Under the theme, ‘Emerging Technologies’, the programme has received tremendous traction during Wave 2 with over 550 applications from more than 55 countries across the globe including USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.
As many as 11 early-stage startups and 11 mature fintechs were selected from the application pool. The selected fintechs for the incubator programme are Snoonu Trading and Services, Karty, Cammillion, ePaysa, Digitalistic, Akillifon, CHANGE COM, Kwidex, Nu Credits, Bondsmart and Finstant.
The selected fintechs for the accelerator programme are Prive T, Active.AI, Finchat, eBaoTech, SafexPay, Twyla Technology, FinChatBot, Cargon, Invest Suite, Elite Capital and Revix.
The selected fintechs covered a variety of technology solutions such as AI, ML, Blockchain, RPA, NFC, NLP, and OCR, and are well on their way to launch a host of new and empowering services to accelerate the digital transformation of global markets.
Throughout the programme, participants took part in more than 350 business development sessions with 15 financial institutions and completed a series of Masterclasses and fintech Bootcamps conducted by QFTH partners and renowned speakers from across the world.
"Through our specialised incubators, such as QFTH, we aim to develop fintechs as well as support entrepreneurs and innovators to make an impact within the domain, both regionally and globally. The QFTH IAP continue to attract entrepreneurs from around the world, building upon the robust Qatari financial sector, and powered by the support of our partners who play a major role in their success,” said Abdulaziz bin Nasser al-Khalifa, chief executive of QDB and chairman of QFTH Taskforce.
Dr R Seetharaman, chief executive of Doha Bank, said over the recent few years, fintech has become a catalyst for financial innovation.
Highlighting that banks in Qatar are keen on leveraging the fast-developing fintech ecosystem, he said "Doha Bank is keen to explore fintech collaborations to build customer centric value propositions."
The next wave of fintech innovation is exciting and looks to be a win-win for all stakeholders, he said.
QFTH is currently gearing up for the anticipated Wave 3 of its incubator and accelerator programmes, which will focus on ‘Embedded Finance and TechFin’. Applications are now open for the programmes that will run from October to December 2021.
All applications undergo a thorough evaluation process, where shortlisted candidates will be invited to present their solutions in front of a jury panel comprised of key stakeholders from Qatar’s financial services ecosystem.