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March 3, 2024

Emirates NBD & Hub71 to empower growth of FinTech startups

Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has partnered with Abu Dhabi’s global tech ecosystem, Hub71, to empower customers with cutting-edge FinTech solutions and drive a new era of advanced banking services.

Emirates NBD’s alliance with Hub71 opens doors to an array of possibilities that include expanding market reach to Abu Dhabi and introducing innovative financial solutions that cater to evolving customer needs, strengthening the bank’s commitment to driving industry-wide advancements.

Hub71 has onboarded more than 260 startups, which have collectively raised nearly $1.4 billion since its inception in 2019. The global tech ecosystem provides the world’s most promising startups with incentives, programs and access to a vibrant community with a network of more than 140 local and regional corporate, government and investment partners to support their development and growth from Abu Dhabi to international markets. The UAE leads the Middle East and North Africa (MENA) FinTech market, reaching a record-high investment of $2.5 billion in 2022.

Mr. Ahmad Ali Alwan, Deputy CEO of Hub71, commented that “At Hub71, we champion the growth of innovative startups scaling technology applications that can transform the future of finance and other sectors. Our partnership with Emirates NBD will pave the way for startups to validate products, secure commercial deals, and receive expert mentorship. By partnering with one of the UAE’s most progressive banks, we are creating a powerful combination for FinTech startups pursuing growth.”