FStech Awards
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1995
Tuesday 11 December 2018


DIFC launches $100 million FinTech fund

Written by Chris Lemmon

Dubai International Financial Centre (DIFC) has announced the launch of a $100 million FinTech-focused fund to accelerate the development of financial technology by investing in startups from incubation through to growth stage.

The new fund will leverage the DIFC’s FinTech ecosystem, which consists of experimental licenses and several collaborative spaces.

Essa Kazim, governor of the DIFC, said: “It gives me great pleasure to announce that we are launching a new $100 million fund to help establish, grow and upscale startup and growth stage FinTech firms looking to access the MEASA (Middle East, Africa and South Asia) markets.

“There is huge potential in the region we serve and through the DIFC, we look to support the development of emerging markets in MEASA and encourage greater trade flows through the South-South corridor, which stretches from Latin America, through to Africa, India, South East-Asia and China.”

Related Articles

Most read stories...
World Markets (15 minute+ time delay)