Dubai: The Dubai Worldwide Monetary Centre has picked up fairness stakes in 4 fintech startups, and types a part of the $100 million fund it launched final 12 months.
The 4 companies are FlexxPay, (a cloud-based worker advantages platform) Go Rise (which is constructing a monetary companies platform for 250 million world migrants); NOW Cash (providing payroll companies to Gulf-based corporations); and Sarwa (a robo-advisory wealth administration agency.)
“Our position as one of the world’s Top 10 fintech hubs is strengthened by making investments in start-ups such as those we have announced today,” mentioned Arif Amiri, CEO of DIFC Authority. “The DIFC FinTech Fund accelerates the development of impactful fintech firms, taking them a step further toward capitalising on the strong growth opportunities available in the region.”
The 4 start-ups had utilized for funding and chosen after a complete evaluate. Extra purposes might be evaluated and additional investments might be made by the fund.