FinTech World Cup 2024 Final: Huge Success and Major Investments
The FinTech World Cup is a special global event for FinTech startups.
The event was under the patronage of the Dubai FinTech Summit, in collaboration with Trescon, Visa, Emirates NBD Bank, and Amazon Web Services.
However, it witnessed a phenomenal success, with over $9.25 million USD in total investment commitments secured from global investors.
15 Startups from All Over the World
15 promising startups from around the world competed for the FinTech World Cup Champion title.
They showcased their innovations to a crowd of global investors.
The competing companies included:
- Oddoex
- Zaltus Technologies
- Monex E-Services
- Yappex
- Uultainite
- Abro (Winner)
- Libeo
- Littleblum
- Mazeway
- Volt22
- Lord System
- Moyen
- AlphaStream.AI
- Validus
- Namara
The Winner
Abro emerged as the champion of the FinTech World Cup.
The winner, “Abro,” received a $500,000 USD immediate cash prize.
In addition to many investment commitments from other investors,.
Some highlights include:
- Phoenix 196 secured a $5 million USD investment commitment from Droop Management.
- Motive Partners has committed a $3 million USD investment in AlphaStream.
- Validus received a $750,000 USD investment commitment from OOM Ventures.
Successful Event
Praising the event’s success, Mohammed Salim, founder and chairman of Trescon, made a personal commitment to invest $500,000 USD in the winning company, Abro.
Naveen Bharadwaj, Group CEO at Trescon, further emphasized Trescon’s continued support for the winning startups.
This is done by providing mentorship and guidance for their growth and development.
With the vision of Mohammed bin Rashid, the local, Arab and international tourism and travel economy gained new momentum with Dubai’s announcement of the largest airport project in the world with an investment of 128 billion dirhams. pic.twitter.com/PQPhwdoovR
— UAE Voice (@uae_voiceeng) May 9, 2024
The FinTech World Cup 2024 provided a perfect platform for FinTech startups.
They showcased their innovations and attracted the attention of global investors.
The event also contributed to solidifying Dubai’s position as a leading global hub for fintech entrepreneurship.
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