Start-ups are welcome to join DIFC’s FinTech World Cup
Dubai International Financial Centre (DIFC) launches the FinTech World Cup (FWC), on a global scale. Global start-ups are invited for inaugural pitch competition, which will be carried out at the Singapore FinTech Festival on Nov 17 between 3 pm- 4.30 pm, at the Singapore Expo Convention and Exhibition Centre. Final will be held during the Dubai FinTech Summit on March 6 – 7, 2024, and start-ups qualified for the final can win up to $1 million in funding.
FWC is established to help the most innovative and forward-thinking start-ups showcase their solutions before the influential investors and decision makers in the financial service sector. FWC will work as a global magnet for skill and innovation and enhance the position of Dubai as the first choice for fiscal and business destination in the global region.
The Chief Executive Officer, Arif Amiri says that the FWC is the growth-enabling edition that will encourage cross-border collaboration and brilliant innovation, which is significant in transforming the global FinTech industry.
FWC will conduct a series of qualifying competitions across 10 major business hubs in Middle East, Europe and Africa, through deliberate partnerships and with the help of local start-up ecosystem enablers. The jury panel will include well qualified judges from varied backgrounds, they will examine carefully and shortlist candidates based on certain criteria, such as profile, investment in the past, partnerships and VC pitch.
Start-ups that win the regional competitions will receive mentorship opportunities with local industry leaders and get excellent industry insights while communicating with VCs and community experts. Besides this, regional winners will get exhibition spaces at the second Dubai FinTech Summit. The $1 million prize pool will be shared among the start-ups that win the final pitch competition. The 2nd Dubai FinTech Summit will be the venue of FWC final, where the brightest minds will be in line with DIFC’s vision to shape the financial industry through advanced technology, innovation and partnerships.