DIFC FinTech Hive announced Wednesday it has partnered with six top VC firms for the platform’s funding accelerator program.
It’s a major boost for the Scale-Up Program that aims to help FinTech startups gain access to funding, as well as quality support services and partner resources.
One of the major contributions on that front would be easy access to a rather extensive network of investors.
In return, investors will have a chance to tap into the region’s thriving startup ecosystem while benefiting from wider access to growth and scale markets.
With this new development, the program now has the backing of DIFC FinTech Fund, Dubai Cultiv8, Middle East Venture Partners (MEVP), Etisalat, NIcapital, and FALCOM Financial.
For those out of the loop, the FinTech Hive Scale-Up Program is specifically designed for post-Series A startups with a repeatable and scalable business model. It is the second such program to have been launched by DIFC FinTech Hive with the vision of repeating the success of the FinTech Hive Accelerator program for growth-stage startups.