• usd 0.00%
    383.95
  • eur 0.00%
    429.26
  • rub 0.00%
    6.16
  • gbp 0.00%
    514.99
  • cny 0.00%
    55.02
  • main
  • 4 startups set to represent Central Asia in Fast Track final in Dubai
11 November, 2019 15:28

4 startups set to represent Central Asia in Fast Track final in Dubai

For the first time in Central Asia the Fintech Hub of the Astana International Financial Centre (AIFC) and Startupbootcamp held a Fast Track event for startups in Nur-Sultan, with applications being accepted from countries like Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan, the Astana International Financial Centre's press service informs.

4 startups set to represent Central Asia in Fast Track final in Dubai | Strategy2050.kz

Four startups were chosen to represent Central Asia in the final tour in December in Dubai, among them Multis (Kazakhstan) - an online lending platform; Namba Pay (Kyrgyzstan)⠀- a mobile app combining different payment methods and an integrated loyalty program; Lending Star (Singapore/Kazakhstan)⠀- a platform for attracting SME financing; Tayyab (Kazakhstan) - a Islamic banking-based neo bank.

The final tour will see Startupbootcamp in partnership with Dubai International Financial Centre (DIFC), Visa, Mashreq and HSBC pick 10 startups for a 3-month program in the fintech accelerator with the perks for startups as follows:

·         The best mentors;⠀

·         Access to a global network of Startupbootcamp's investors and partners; ⠀

·         Co-working space in the DIFC office; ⠀

·         € 15,000 to cover living expenses; ⠀

·         Partnership offers worth more than € 500,000. ⠀

“We are very pleased to see the progress of fintech startups in Central Asia, that they have become of interest for foreign fintech accelerators. We see a great potential for scaling fintech startups beyond the region in the future,” Taras Volobuiev, head of startup support programs in the AIFC Fintech Hub, said.
Photo credit: fintech.aifc.kz
recommended
allnews
chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan