Fintech Saudi’s second accelerator programme saw participation of 12 startups

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The second accelerator programme of Fintech Saudi saw the participation of 12 financial technology startups, which was significantly higher than the first such initiative last year.

Fintech Saudi, an initiative launched in April 2018 by the Saudi Central Bank (SAMA) in collaboration with the country’s Capital Market Authority (CMA), assists entrepreneurs in progressing the development of innovative fintech solutions as well as accessing funding for their ventures. The three winning startups from this year’s accelerator programme, which concluded on Tuesday, were each awarded a SAR50,000 financial grant by Saudi Aramco Entrepreneurship Center (Wa’ed), according to SPA.

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Fintech Saudi’s second accelerator programme saw participation of 12 startups

The second accelerator programme of Fintech Saudi saw the participation of 12 financial technology startups, which was significantly higher than the first such initiative last year.

Fintech Saudi, an initiative launched in April 2018 by the Saudi Central Bank (SAMA) in collaboration with the country’s Capital Market Authority (CMA), assists entrepreneurs in progressing the development of innovative fintech solutions as well as accessing funding for their ventures. The three winning startups from this year’s accelerator programme, which concluded on Tuesday, were each awarded a SAR50,000 financial grant by Saudi Aramco Entrepreneurship Center (Wa’ed), according to SPA.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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