Hub71, Abu Dhabi’s global tech ecosystem, has selected six fintechs to be a part of its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital.
For the next two years, the new cohort will participate in Hub71’s Incentive Programme, benefiting from equity-free incentives worth up to AED 500,000
The cohort will also have access to enabling programmes and a vibrant ecosystem of active investors, corporate, government, and academia partners.
Since its launch in 2019, Hub71 has brought together a global network of strategic partners, investors and organisations with a shared mission to accelerate entrepreneurship and innovation in Abu Dhabi.
In Hub71’s pursuit of sourcing high quality startups, the cohort comprising pre-seed, seed and Series-A startups have already raised more than US$67 million collectively.
Badr Al-Olama, Acting CEO of Hub71, said:
“Our value-driven programs are continuing to attract high-tech startups to Abu Dhabi that are driving transformation within key sectors of the economy. As a partner to over 170 startups in our community, we always strive to connect founders to our global network of blue-chip corporations, government bodies and investors.
With our ability to unlock real growth opportunities for founders, we expect this new cohort to gain tremendous traction over the next few months within the vibrant tech ecosystem that Abu Dhabi has to offer.”
Q2 Cohort 2022 Startups
Abhi ( Pakistan) – Fintech
Abhi – Abhi is Pakistan’s first financial wellness platform. An early wage access platform that enables salaried employees to draw down a percentage of their accrued salary before the next payroll.
Amwal (Abu Dhabi) – Fintech
Amwal – Amwal is a Fintech company that is building an identity-powered payment that allows individuals to authenticate and pay, send, or remit money based on their phone numbers. Amwal is on a mission to provide a 3x more secure and x12 faster method to securely pay across the EMEA region.
Islamic Finance Guru (London) – Fintech
Islamic Finance Guru: Islamic Finance Guru is a one stop shop for all Muslims globally to get their finances and investments in order. Their flagship product, IFG Wealth, helps achieve all this seamlessly.
Lune ( Dubai) – Fintech
Lune: Lune’s unified financial data platform provides solutions across financial management, data enrichment and analysis – all the while providing the customer with a personalized experience that empowers them along their financial journey.
Yoello (United Kingdom) – Fintech
Yoello: Yoello is a payments platform building infrastructure that connects banks and payment networks to merchants and consumers.
Perceptiviti (Abu Dhabi) – Fintech
Perceptiviti: Perceptiviti is a deep technology company focused on fraud and risk management. They help the largest insurers digitize and automate claims, stop leakages and fight fraud using Artificial Intelligence & Machine Learning, Natural Language Processing and Computer Vision.
