Training for 10 GCC tech start-ups started by Kuwait’s Boubyan Bank

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Training for 10 GCC tech start-ups started by Kuwait’s Boubyan Bank
Training for 10 GCC tech start-ups started by Kuwait’s Boubyan Bank

Enabill from Kuwait, Xpence and Edfundo from UAE, and Money Loop from KSA are the projects that qualified for the next phase of Boubyan Accelerator Program under the FinTech category

Kuwait’s Boubyan Bank has commenced its training phase for 10 tech projects and companies that qualified to continue with Boubyan Accelerator Program.

In collaboration with UAE’s DIFC FinTech Hive, the Boubyan accelerator programme was launched.

Abdulla Al-Tuwaijri, CEO – Private, Consumer & Digital Banking, Boubyan Bank, said, “We are pleased to be here today to announce the launch of the training program for the first cohort of participants who were selected to continue their journey with Boubyan Accelerator Program, which targets regional start-ups looking forward to working in Kuwait, and aims to help them launch and accelerate their ideas.”

Ten projects and start-ups were selected from 250 applicants. The programme aims at reinforcing Boubyan’s strategy and its steps towards leading the future of the financial sector in Kuwait.

Al Tuwaijiri added, “Qualified candidates will be joining an intensified and innovative program that will help them launch their ideas and accelerate their implementation. This reinforces Boubyan’s role in supporting start-ups, especially the ones that could turn very successful and add value to the society, which aligns with our corporate social responsibility.”

The ten tech start-ups are working in the areas of digital education, fintech, e-commerce and others. A number of the start-ups are from Kuwait, UAE and Saudi Arabia.

Raja Al Mazroui, Executive VP, UAE DIFC FinTech Hive, said, “Being the first and largest FinTech accelerator in the Middle East, Africa, and South Asia, and emanating from our vision to bring FinTech initiatives together, develop them, and enhance innovation concepts as well as establishing partnerships, we are pleased to be the first supporter of accelerator initiatives and programs in the region. Moreover, we are pleased to collaborate with Boubyan Accelerator Program and to share our experience with them in line with our strategy, which aims to improve the future of FinTech and grow talents by offering on-going support as per the best international standards.”

Enabill from Kuwait, Xpence and Edfundo from UAE, and Money Loop from KSA are the projects that qualified for the next phase of Boubyan Accelerator Program under the FinTech category. Under digital education, Kashkool Educational was selected from Kuwait, and under e-commerce and other participating technology initiatives participating in the program, Tdalal, Bookr Co., Punch App, Mnasati, and Looksie were also selected from Kuwait.

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