Dubai FinTech Summit, organized by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has announced the launch of the FinTech World Cup (FWC), the first-of-its-kind on a global scale.
The inaugural pitch competition, open for global startup champions seeking funding to take their business to the next level, will be held at the ongoing Singapore FinTech Festival on November 17.
Startups who qualify for the FinTech World Cup final, set to take place during the Dubai FinTech Summit to be organized by DIFC on 6-7 May 2024, are eligible to secure up to USD1mn in funding.
FWC is designed to attract the most forward thinking and innovative startups who will take the center stage and showcase their solutions in front of the most influential investors and decision makers of the financial services industry.
Arif Amiri, Chief Executive Officer, DIFC Authority, said: “Central to DIFC’s Strategy 2030, we are always seeking new ways of nurturing our ever-expanding FinTech and Innovation ecosystem, the largest in the MEASA region, by providing access to funding, a global talent pool and the latest in physical and digital infrastructure. The FinTech World Cup is the latest growth-enabling initiative designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector as we shape the future of finance together.”
To attract applications from across the globe, FWC will hold a series of qualifying regional pitch competitions across 10 major business hubs in Europe, the Middle East and Africa (EMEA) in the run-up to the FinTech World Cup final, through strategic partnerships with local start-up ecosystem enablers. The FWC jury, comprising highly qualified judges from diverse backgrounds, will vet and shortlist candidates based on specified criteria such as founder profile, past investment rounds, business partnerships, and VC pitch.
Winners of the qualifying regional competitions will benefit from mentorship opportunities with curated local industry leaders and will gain invaluable industry insights through engagements with VCs and community experts. Additionally, all regional winners will be awarded exhibition spaces at the 2nd Dubai FinTech Summit, which is expected to draw more than 8,000 attendees and host 150+ speakers from across the globe.
FWC boasts of a USD1mn prize pool, which will be shared among the winners of the final pitch competition. The FWC final will be held during the 2nd edition of the Dubai FinTech Summit. Startups ready to pitch are invited to apply for the FinTech World Cup on: www.fintechworldcup.io.