https://adgully.me/post/4869/emirates-nbd-announces-partnership-with-hub71-to-accelerate-fintech-innovation

Emirates NBD announces partnership with Hub71 to accelerate FinTech innovation

 Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced a partnership with Abu Dhabi’s global tech ecosystem, Hub71, to empower customers with cutting-edge FinTech solutions and drive a new era of advanced banking services.As a leading local bank with regional and international operations, Emirates NBD's alliance with Hub71 opens doors to an array of possibilities that include expanding market reach to Abu Dhabi and introducing innovative financial solutions that cater to evolving customer needs, strengthening the bank's commitment to driving industry-wide advancements.Abdulla Qassem, Group Chief Operating Officer at Emirates NBD, said: “As a leading local bank that has always been committed to driving innovation in the region, Emirates NBD leads the future of banking to enhance financial prosperity for its customers, people and communities. This collaboration marks a significant step towards elevating customer experiences as Emirates NBD Bank harnesses the entrepreneurial spirit of Hub71 to offer tailored solutions and streamlined services for our valued customers.”Hub71 has onboarded more than 260 startups, which have collectively raised nearly AED 5 billion since its inception in 2019.[1] The global tech ecosystem provides the world’s most promising startups with incentives, programs and access to a vibrant community with a network of more than 140 local and regional corporate, government and investment partners to support their development and growth from Abu Dhabi to international markets. The UAE leads the Middle East and North Africa (MENA) FinTech market, reaching a record-high investment of USD 2.5 billion in 2022.[2]Ahmad Ali Alwan, Deputy CEO of Hub71, commented: “At Hub71, we champion the growth of innovative startups scaling technology applications that can transform the future of finance and other sectors. Our partnership with Emirates NBD will pave the way for startups to validate products, secure commercial deals, and receive expert mentorship. By partnering with one of the UAE’s most progressive banks, we are creating a powerful combination for FinTech startups pursuing growth.” The UAE is a frontrunner in the global FinTech landscape, exhibiting remarkable growth potential, following significant innovation in digital banking, wealth management, remittances and payments.
https://adgully.me/post/4183/hub71-welcomes-23-startups-in-its-13th-cohort

Hub71 welcomes 23 startups in its 13th cohort

Hub71, Abu Dhabi's global tech ecosystem, has welcomed 23 new startups as part of its latest cohort, having collectively raised over $53 million in funding. Following a rigorous selection process, the successful startups will enter Hub71’s new Company Building Program and benefit from up to AED 250,000 worth of in-kind incentives and AED 250,000 in cash for equity. High-performing startups from the latest cohort will also be eligible to receive a top-up of up to AED 250,000 in exchange for additional equity, after one year.Hub71 received a 107 per cent increase in applications from over 100 countries, reinforcing Abu Dhabi’s increasing global appeal as an innovative destination of growth for the world’s leading entrepreneurs. The new cohort comprises tech startups hailing from countries across the region, including the UAE, Egypt, and Saudi Arabia, as well as companies from the UK, Canada, India and Armenia, which will establish a presence in Abu Dhabi. Additionally, around 40% of the startups in the latest cohort are from the US. This reflects the growing interest from mature tech hubs in Abu Dhabi’s favorable innovation ecosystem. Operating in 11 diverse industries, the startups will support the advancement of sectors aligned with Abu Dhabi’s strategic economic priorities, including FinTech, ClimateTech, HealthTech and EdTech.Seven startups in the cohort will join Hub71+ Digital Assets, the specialist ecosystem focused on unleashing the growth potential of Web3 and digital assets. Startups in Hub71+ Digital Assets can tap into a network of 13 dedicated partners, including leading digital asset exchanges, global technology providers, venture capital funds, blockchain platforms and other commercial and investment opportunities required to scale. Startups joining Hub71+ Digital Assets include UK headquartered Avantgarde Finance which has raised $5.5 million in funding and provides a platform for digital asset investment managers to plug into, launch their strategies and grow at scale.With a growing focus on the potential of innovation and technology in supporting climate action in the UAE, Hub71 selected two ClimateTech startups that developed innovative technologies helping to shape a more sustainable future. Acquai, which has raised $1.5 million (AED 5.5 million), is a software and hardware service company delivering data from waterways using 3D printed, bio-inspired fishlike drones. Meanwhile, Carbonsifr is a UAE founded climate tech platform enabling businesses to take tangible climate action through their climate-tech solutions such as emissions calculation engine, AI-based reduction platform and checkout tool to engage consumers on their daily.Ahmad Ali Alwan, Deputy CEO of Hub71, said: "With each cohort, we are noticing increasing interest from high-growth startups worldwide seeking to establish their businesses and expand from Abu Dhabi. Tech entrepreneurs recognize the distinct advantages of setting up their companies in the UAE capital, which provides a favorable environment for developing and marketing innovative products and services that can transform the business world. By attracting startups with immense growth potential, Hub71 is building on its powerful community of visionary entrepreneurs who will pave the way for the future of innovation.”In addition to a customized three-month course to receive expert mentorship, tailored advice and critical support, startups joining Hub71 will also gain access to a broad network of corporate, government, investment, and talent partners operating within Abu Dhabi’s technology ecosystem, significantly heightening the prospects of securing commercial deals, investment and market growth opportunities.The 23 startups selected to join Hub71’s 13th cohort:AlGooru is an online service that connects students from various age groups with private on-demand tutors.Anecdote is a customer analytics platform that delves into each customer feedback ticket, drawing from various sources to deliver valuable insights that companies can use to make better product decisions.Aquaai is a software and hardware service company delivering data from waterways using 3D-printed, bio-inspired fishlike drones.Atiom is a behavioral tech platform and mobile solution for deskless teams, primarily focused on creating real business value for large enterprise organizations.Autobia is a B2B marketplace leveraging data to solve the infrastructure and after-sales challenges in the automotive industry.Avantgarde Finance provides digital asset investment managers a platform to plug into, launch their strategies, and grow at scale.BioSapien is a validated FDA drug delivery platform that can slow-release drugs over a specified period into tumors directly.Carbonsifr is a platform that neutralizes the carbon footprint across businesses and industries.ClearQuote Technologies utilizes computer vision to assess vehicle images automatically and identify and evaluate defects or damages.CrunchDAO leverages the power of Web 3.0 collective intelligence to create a next-generation financial insights provider.Digital First AI offers a solution to the marketing industry by providing an all-in-one AI integration.Droplinked by FlatLay is a Web 3 commerce enabler for consumers and enterprises, bridging the gap between Web 2 and Web 3 capabilities with no-code, headless solutions.FlapKap is a user-friendly tech funding platform that integrates with e-commerce, social media and advertising platforms, marketplaces, payment gateways, and Enterprise Resource Planning (ERPs). Goodable uses AI to deliver mental health programming to any screen or device. Its platform is clinically proven to improve employee mood, health and productivity by up to 96%.Lemonade Fashion is a video-first fashion and beauty platform. The social platform lets users shop directly from the video and check out from the same integrated system.Momint enables accessible funding and trade of solar photovoltaic1 (PV) investments with a built-in digital wallet, specializing in putting real assets and legal contracts on the blockchain.Netki is an identity validation provider with deep expertise in high-scale and high-fraud environments.Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors.Param Labs is a game and blockchain development studio that delivers the highest quality blockchain-integrated games to the masses through player-owned digital assets.PriceOye Technologies is a managed marketplace for consumer electronics at the best prices with a built-in price comparison engine.Retailhub is a platform for direct integrations between retailers and aggregators.Sustainable Planet is an AgriTech company utilizing sustainable technology to combat food insecurity and climate change.Syd is a SaaS platform in predictive/preventative health tech that focuses on improving the life quality of employees as a success strategy from a business to an individual employee perspective.
https://adgully.me/post/2611/hub71-and-wio-bank-join-forces-to-enhance-banking-for-tech-startups

Hub71 and WIO Bank join forces to enhance banking for tech startups

Hub71, Abu Dhabi’s global tech ecosystem, and Wio Bank PJSC, the region’s first platform bank, have launched a strategic partnership to transform the banking experience for startup founders in the capital. Designed to enhance bank account processes for SMEs, Wio becomes the official banking partner of Hub71, enabling startup founders to benefit from expert mentorship and commercialisation opportunities that foster innovative new products and services in Abu Dhabi.By streamlining the banking process, Hub71 and Wio are making it easier for startups in Abu Dhabi to access funding and essential banking products that support the growth and development of early-stage innovative tech businesses.Wio Bank was set up with the core mission of contributing to the future readiness of the SME segment in the UAE. As an official banking partner, Wio will streamline the bank account opening process when startups join Hub71. The digital bank will also participate in Hub71 events and initiatives that align with its growth strategy.Ahmad Ali Alwan, Deputy CEO of Hub71, said: “Our partnership with Wio Bank further solidifies our commitment to making Abu Dhabi an attractive destination for startups to do business. By collaborating with an Abu Dhabi based digital platform that is leading the future of business banking, we are opening the door to robust banking and commercial opportunities for our startup community. This partnership is a prime example of a powerful combination within Abu Dhabi’s tech ecosystem that fosters startup growth in the UAE’s capital.”Jamal Al Awadhi, Chief Operating and Experience Officer, Wio, commented: "We are thrilled to announce our partnership as the first official banking partner of Hub71, and embark on a shared mission to empower startups in the region. We recognise the significant impact made by the global startup community and firmly believe that by simplifying access to funding and essential banking products, we have a unique opportunity to nurture their growth and facilitate their paths to new achievements. Through our collaboration with Hub71, we are committed to delivering meaningful banking solutions that truly make a difference, enabling startup owners to thrive and succeed on their entrepreneurial journey."Hub71 startups will also have access to Wio’s network of subject matter experts to receive mentorship and strategic advice to support business growth and development. With access to expert guidance and insights, founders can better navigate unique challenges, make more informed decisions, and unlock new opportunities for the economic growth of Abu Dhabi.