MENA Startups Win Grants At Middle East Financial Health Startups Forum in Dubai

MAGNiTT News entrepreneur.com - 2 years ago - Thu, Jan 4, 2018, 7:01 AM

MENA Startups Win Grants At Middle East Financial Health Startups Forum in Dubai
Author: MAGNiTT

The Middle East Financial Health Competition, an initiative of MetLife Foundation and Village Capital, has awarded three MENA-based fintech startups grants worth a total of US$50,000 for their solutions that support financial inclusion. Twelve startups, (selected from over 40 applications) participated in the two-day forum held on December 19 in Dubai, which is part of a larger program to support impactful fintech upstarts in Poland, Ukraine, Turkey and the UAE. In recognizing the winners, the competition looked for ventures whose products helped improve overall financial health of an economy, increase affordability and saving systems, and lowered barriers for SME’s in scaling business.

An industry expert jury panel, which included senior executives from MetLife and MetLife Foundation, selected Bridg -an app with patent-pending technology that enables secure Bluetooth payments without the use of the internet- for a $25,000 grant; Ennota, a project financial management tool for SME’s, was selected for a $15,000 grant; and One Clique Systems, a cloud-based HR system specifically tailored for SMEs in the MENA region, was offered a $10,000 grant.

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