DIFC to help Indian FinTechs scale their business across MEASA
Partners with The Indus Entrepreneurs (TiE) to expose the FinTechs to DIFC ecosystem
The Dubai International Financial Centre (DIFC) has partnered with The Indus Entrepreneurs (TiE), a non-profit entrepreneurial organisation, to help Indian FinTechs scale their businesses across the region.
Throughout a two-day programme, DIFC officials met with 17 FinTech startups from Mumbai to understand their business models and tailor support to grow their businesses in fast-growing emerging markets.
The DIFC FinTech ecosystem includes two accelerator programmes run by DIFC FinTech Hive and Startupbootcamp, a USD 100 million FinTech fund, subsidised licensing options, regulation and access to a financial community of over 2,100 regional and global institutions, of which more than 80 are FinTech-related companies.
Salmaan Jaffery, chief business development officer, DIFC Authority commented, “Since our establishment in 2004, we have attracted a number of Indian banks and financial institutions to the DIFC, and in recent years we see similar interest from Indian FinTechs, which account for approximately 10% of our FinTech ecosystem. We expect this number will grow, as demonstrated by the incredibly positive interest we are already witnessing and as we continue to strengthen our ties with the Indian market,” he continued.
TiE Mumbai represents over 2,500 Startups in the Greater Mumbai region. It has successfully connected and mentored over 2,000 entrepreneurs and startups over the last few years, over 1,000 startups have been successfully connected to investors.
Atul Nishar, President, TiE Mumbai said, “As a part of our global connect program, TiE Mumbai has partnered with DIFC to create an access to knowledge, markets, funds and talent in those regions. These partnerships present excellent growth opportunities for Mumbai Startups. Dubai and India have deeply embedded commercial, trade and cultural ties and today this relationship goes from strength to strength.”