Dubai International Financial Centre (DIFC), a fintech friendly financial hub announced the appointment of Middle East Venture Partners (MEVP) and Wamda Capital to manage US$ 10 million of the DIFC FinTech Fund.

The DIFC Fintech Fund sized at US$ 100 was initially announced in 2017,  it is targeted at startups from incubation all the way through to growth stage who are seeking to access the Middle East and South Asia Market.

The partnership was announced at the Global Financial Forum, where several partnerships were announced to encourage and foster entrepreneurship in the UAE.

UAE which home to both DIFC and ADGM has been aggressively pushing initiatives to elevate the position as a fintech hub, we’ve recently compiled 5 key initiatives that have come out of the region