AIFC FinTech Hub and Startupbootcamp held Fast Track Event for Startups to get Into Fintech Accelerator in Dubai

Tech Hub

08 November 2019 08:01:18

For the first time in Central Asia Fintech Hub of the Astana International Financial Centre (AIFC) and Startupbootcamp held Fast Track event for startups in Nur-Sultan. Applications for the regional tour were accepted from such countries like Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan.

Four startups were chosen to represent Central Asia in the final tour in December in Dubai:

• Multis (Kazakhstan) - platform for obtaining online lending;

• Namba Pay (Kyrgyzstan)⠀- a mobile application that combines different payment methods and an integrated loyalty program;

• Lending Star (Singapore/Kazakhstan)⠀- platform for attracting SME financing;

• Tayyab (Kazakhstan) - neo-bank based on Islamic banking.

In the final tour Startupbootcamp in partnership with Dubai International Financial Centre (DIFC), Visa, Mashreq and HSBC will pick 10 startups for a 3-month program in the fintech accelerator with the following perks for startups:

• The best mentors;⠀

• Access to a global network of Startupbootcamp's investors and partners; ⠀

• Co-working space in DIFC office; ⠀

• € 15,000 to cover living expenses; ⠀

• Partnership offers worth more than € 500,000. ⠀

Taras Volobuiev, head of startup support programs in AIFC Fintech Hub, mentioned: “We are very pleased to see the progress of fintech startups in Central Asia, that they have become of interest for foreign fintech accelerators. In the future we see a great potential for scaling fintech startups beyond the region.”

Reference:

AIFC. In December 2015, the First President of the Republic of Kazakhstan, Nursultan Nazarbayev, signed the Constitutional Law on the establishment of the International Financial Centre Astana (AIFC). The purpose of AIFC is the formation of a leading center of financial services on international level. For the first time in the post-Soviet space, the principles of English law will be introduced, the official language of the financial center will be English. AIFC’s tasks are to assist in attracting investments to the country’s economy by creating an attractive environment for investing in financial services, developing the securities market of the Republic of Kazakhstan, ensuring its integration with international capital markets. www.aifc.kz