DIFC announces $10m for FinTech investments

It’s stimulating to see the different areas in the Middle East begin to focus on the importance of investing in FinTech. Just a little while ago, Bahrain’s FinTech Hub announced it’s own FinTech fund. I’m excited to see the next steps!

Dubai International Financial Centre (DIFC) has unveiled its $10 million fintech fund for start-ups in the Middle East and North Africa (MENA).

“We are looking forward to working closely with our partners at DIFC to develop a vibrant fintech ecosystem serving the needs of our wider region,” says Khaled Talhouni, partner at Wamda Capital. “This partnership to launch a dedicated fintech fund is the first step towards catalysing innovation in this sector.”

Source: Dubai International Financial Centre launches $10m fintech fund – FinTech Futures