Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Demo Day for Wave 2 of its flagship Incubator and Accelerator Programs which will take place on 1st July 2021, virtually.
QFTH Demo Day for Wave 2, sponsored by Doha Bank, will be one of the major 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.
Under the theme, ‘Emerging Technologies’, the program has received tremendous traction during Wave 2 with over 550 applications from more than 55 countries across the globe including USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar. 11 early-stage startups and 11 mature FinTechs were selected from the application pool.
Throughout the program, participants took part in more than 350 business development sessions with 15 financial institutions and completed a series of Masterclasses and FinTech Bootcamps conducted by QFTH partners and renowned speakers from across the world.
QFTH is also currently gearing up for the anticipated Wave 3 of its Incubator and Accelerator Programs which will focus on ‘Embedded Finance and TechFin’. Applications are now open for the programs that will run from October to December 2021. FinTechs with innovative solutions in this domain can visit QFTH website (fintech.qa) to get more details and to apply until end of July 2021. All applications undergo a thorough evaluation process, where shortlisted candidates will be invited to present their solutions in front of a jury panel comprised of key stakeholders from Qatar’s financial services ecosystem.
As part of its commitment to offering world-class expertise to participating FinTechs, QFTH is continuously collaborating with strategic stakeholders within the FinTech ecosystem including financial institutions, technology providers, payment networks, global FinTech hubs, academia, and regulators. Microsoft is participating as the program technology partner. Other recent partnerships include Amazon, Progress Soft, Vodafone, and Global Positioning System to name a few.
