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Monday, June 5, 2023

‘Hub71 FinTech Pitch Day’ supports Abu Dhabi’s leading fintech companies

The UAE Development Bank (EDB), the main financial engine for economic development and industrial progress in the UAE, and Hub71, Abu Dhabi’s global tech ecosystem, co-hosted the Hub71 Fintech Pitch Day at the EDB Business Lab Abu Dhabi to support and explore Hub71 Growth opportunities for leading fintech startups.

Nine Hub71 fintech startups showcased advanced tech-enabled financial solutions and capabilities to the EDB Decision Forum and EDB Fintech Partners, including SME funding support solutions, payment solutions and open banking solutions. The demonstrated solution offers a unique approach to conceptualize a digital financial platform for the SME segment.

Shaker Zainal, Chief SME Officer, UAE Development Bank, said: “As the UAE’s development bank, EDB sees our country’s fintech companies as partners in developing solutions that financially enable our clients to contribute to the UAE​​​ ​to contribute to economic competitiveness and industrial progress. We are delighted to co-host the ‘Hub71 FinTech Pitch Day’ and cherish the opportunity to meet leading representatives driving innovation within Abu Dhabi’s global technology ecosystem. Following the event, EDB looks forward to working together to identify opportunities to support the development of fintech capabilities in the UAE.”

Elodie Robin, Head of Growth and Strategy, Hub71, commented: “At Hub71, innovation thrives through effective partnerships and collaborations that spur growth in key industries and boost the digital economy. “It is one example of the effective engagement of leading entities in the UAE to accelerate the advancement and adoption of cutting-edge technologies and support entrepreneurship and innovation. We look forward to further collaboration with EDB and the opportunity to help disruptive startups grow and thrive in Abu Dhabi.”

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