Dubai International Financial Centre (DIFC) has injected funds into four fintech startups, with its fintech fund.
The ventures include FlexxPay, a cloud-based B2B FinTech employee benefits platform allowing instant access to earned income; and Go Rise, a start-up building a holistic and seamless financial services platform for 250 million global migrants, helping them get access to the full suite of financial products in domicile as well as home country.
Another benefiting startup is NOW Money, which provides payroll services to Gulf-based companies, and app-based accounts with physical debit card and remittance options for each of their lower-income worker.
“Sarwa”, a robo-advisory wealth management firm is among the fintech startups funded by DIFC.
Launched in 2009, the DIFC earmarked $100 million to establish, grow and upscale start-up and growth stage FinTech companies seeking access to the Middle East, Africa and South Asia markets.