DIFC FinTech Hive has launched its 2020 Accelerator Programme, where attendees will go on a “virtual” trip around the world with the startups at the Investor Day. The startups’ founding teams will be presenting, from different parts of the world to attendees on 30 November 2020, with a spotlight on their Middle East strategies.
The 2020 programme marks DIFC FinTech Hive’s fourth accelerator cohort, and this year it brought together 17 startups, from a pool of over 600 applications, across FinTech, RegTech and Islamic FinTech. Together with its Financial Industry partners, DIFC FinTech Hive unites the local ecosystem towards a common goal of fostering innovation in the region. Through the 14-week programme, the startups worked closely with financial institutions and other stakeholders to create innovative and forward-looking solutions.
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The 17 innovative startups selected to participate at Investor Day 2020 are:
Harnessing the potential of advanced artificial intelligence to manage public market portfolios, its flagship algorithms replace human wealth management with an Artificial Intelligence solution customized to each user, taking into account their financial and personal goals and constraints.
Asante Financial Services Group (Kenya)
Asante is a high-impact digital financial services firm that focuses on facilitating financial independence for underserved businesses and individuals.
A B2B Regulatory Technology (RegTech) start-up focused on KYC/KYB & AML to automate manual processes and digitise analogue records.
DX Compliance (UK)
DX Compliance protects banks and FinTechs from multi-billion dollar fines by changing the way that AML teams work.
FirstHive is an intelligent customer data platform powered by a hybrid Machine Learning algorithm that builds unique customer identities, by ingesting data from all sources and channels, and layers it with actionable campaigns to deliver disproportionate jumps in Marketing ROI.
Fligoo develops smarter-than-smart managed solutions that help global leaders transform their business by dramatically improving sales, reducing churn, and optimizing processes with their proprietary Artificial Intelligence and Decision Science platform.
FOMO Pay (Singapore)
FOMO Pay is a digital payment processing platform and digital banking solution provider the enables digital transformation for banks, telecoms and corporations in emerging markets such as Southeast Asia, Middle East, Latin America and Africa.
Inpher is a startup that has pioneered Secret Computing, enabling privacy-preserving machine learning. Their XOR Engine allows for distributed, discrete computing without loss of precision or privacy.
Nester is an online FinTech platform that offers bespoke property financing solutions for buyers of UK property and then converts those financing arrangements into a simple secured investment for all.
OkHi is a digital addressing system for emerging markets. Their mission is to enable the four billion people without a physical address to be included in accessing the services they need.
Receet issues contactless digital receipts pushed instantly to consumers’ smartphones with no email address or phone number required.
Reem Takaful (UAE)
Reem Takaful enables halal, ethical and inclusive risk coverage for farmers who are exposed to the perils of crop and livelihood losses due to climate change and other external factors.
Saffe is a world-class facial recognition provider based in Artificial Intelligence and focuses on payments and secure authentications.
Tarabut Gateway (Bahrain)
Tarabut Gateway is MENA's first and largest regulated Open Banking platform that connects a regional network of banks and FinTechs via a universal application programming interface (API).
Trust Stamp (USA)
Trust Stamp facilitates the fundamental right of every human being to have and assert a unique identity, thereby enabling secure transactions and interactions anywhere on the planet, both online and offline, promoting and empowering universal societal and financial inclusion.
Vouchr's experience platform for digital money transforms a dull transaction into a personalized, and gamified experience that creates deeper customer loyalty. Their platform layers on top of existing payment rails allowing for new use cases that drive mobile engagement.
Xpanse AI (Ireland)
Xpanse provides a range of strategic, cutting-edge technologies and services that enable organisations to rapidly implement as well as scale their Advanced Analytics initiatives.
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