DIFC FinTech Hive, the largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, has been named one of “World’s Best Innovation Labs” by Global Finance for 2021.
Now in its fourth year, the annual report on the leading players and emerging trends in FinTech innovation is one of the most credible references in the industry, assessing labs run by banks, governments, venture capitalists, NGOs and universities across the world.
Remarking on themilestone, Raja Al Mazrouei, Executive Vice President, DIFC FinTech Hive, said: “It is an honour that Global Finance recognises DIFC FinTech Hive’s work in FinTech innovation including us on the list of the World’s Best Innovation Labs in 2021. This accolade is a testament to our commitment in bringing together the best partners, the best minds and the best technologies under one roof to drive forward the digital revolution, not just in Dubai, but across the wider region.”
Al Mazrouei said: “We are looking at taking FinTech Hive to the next level and have planned a full pipeline of initiatives to attract even more world-class players in the financial sector. Being identified as among the world’s best innovation labs will support our efforts in delivering the future of finance.”
To date, DIFC FinTech Hive has already raised US$300 million in funds, created hundreds of jobs and supported over 100 start-ups across the region.
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