The Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) and established to support the growth of the FinTech industry in Qatar, has announced that Demo Day for Wave 1 of its flagship Incubator and Accelerator Programs will take place virtually on January 18, 2021.
The QFTH Demo Day, which is sponsored by Dukhan Bank, will be one of the biggest FinTech events in the region hosting key players from the local financial services ecosystem, as well as investors, global startups, international FinTech hubs, aspiring entrepreneurs and FinTech enthusiasts.
Catering to FinTech entrepreneurs and startups worldwide who are looking for a launchpad and a hub in the Middle East to accelerate their growth, the QFTH Programs comprise of an Incubator for early-stage startups and an Accelerator for mature FinTechs. The programs have received tremendous traction during Wave 1 with over 750 applications from 72 countries.
Through the Incubator and Accelerator Programs, participating FinTechs took part in more than 300 business development sessions with over 15 financial institutions and completed a series of high-level Masterclasses conducted by QFTH partners and renowned speakers from across the world.
As they prepare for Demo Day, Wave 1 FinTechs are well on their way to launch a host of new and empowering services to accelerate the digital transformation of global markets.
Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer of Qatar Development Bank and FinTech Task Force Chairman, said: “Through QFTH, we aim to develop FinTechs and support entrepreneurs and innovators to make an impact in the region. Our efforts are built upon the robust and sturdy Qatari financial sector and powered by the support of our partners who play a great role in the success of the program. I look forward to welcoming the international community to our first virtual Demo Day to learn more about the graduates of Wave 1 of our Programs and about the dynamics of the Qatari market”.
Khalid Al Subeai, Chief Executive Officer of Dukhan Bank, added: “We at Dukhan Bank are committed to supporting digital transformation of financial sector in Qatar. This is an important platform to provide a dependable infrastructure that is capable of meeting Qatar’s ambitions and future vision. We are proud to be sponsors of first ever Demo Day for Qatar FinTech Hub and we look forward to welcoming all FinTech enthusiasts and networks from around the world to join us for this event.” QFTH is now also accepting applications for Wave 2 of the Incubator and Accelerator Programs.
