UAE - Mubasher: Startupbootcamp FinTech Dubai, an accelerator focusing on financial innovation, has concluded its third cycle by enabling 11 startups from different countries, including the UK, US, Singapore, and the UAE, to validate their business models.

The 11 startups have had access to comprehensive resources, insights, technology, and world-leading expertise during the three-month programme, according to a press release on Monday.

The programme focuses on forming partnerships between the start-ups, predominantly at the seed stage to raise between $250,000 and $1.8 million, and corporates and investors.

Ranging from financial wellness app for Gen Zs to an Insurance-as-a-Service platform, all startups seek to make the finance and banking sector in MENA smarter, more innovative, and agile.

Since Startupbootcamp's launch in 2018 in partnership with Dubai International Financial Centre (DIFC), VISA, Mashreq Bank, and HSBC, over 30 FinTech startups graduated from it.

The Managing Director of Startupbootcamp FinTech Dubai, Mohamad Sabouneh, commented: "Over the past 12 weeks the startups have perfected their business models, implemented new go-to-market strategies, streamlined the operations, among many other growth areas."

Meanwhile, the Executive Vice President of FinTech Hive at DIFC, Raja Al Mazrouei, said: "Startupbootcamp FinTech Dubai’s programme has attracted hugely ambitious and innovative FinTech start-ups from around the globe since launching in 2018."