DIFC partners with TiE Mumbai to support Indian FinTech startups scale
Dubai International Financial Centre (DIFC) has partnered with The Indus Entrepreneurs (TiE), the world’s largest non-profit entrepreneurial organisation, to help Indian FinTechs scale their businesses across the region.
They met with 17 FinTech startups from Mumbai throughout a two-day programme, to understand their business models as well as provide tailored solutions to support their growth in fast-growing emerging markets.
Startups will gain access and benefit from DIFC’s enabling environment that supports their growth through:
Fit-for-purpose regulation
Supportive accelerator programmes – DIFC FinTech Hive and Startupbootcamp
Subsidised licensing options
Access to a USD 100 million FinTech fund
Opportunities to meet a community of over 2,100 financial institutions (potential partners/investors)
TiE Mumbai plays a strategic role in identifying and making qualified introductions of relevant FinTech startups to DIFC, while also highlighting how Indian FinTech startups who are looking at scaling their business can effectively use the DIFC and Dubai as a platform for growth.
“Since our establishment in 2004, we have attracted a number of Indian banks and financial institutions to the DIFC, and in recent years we see similar interest from Indian FinTechs, which account for approximately 10 per cent of our FinTech ecosystem. We expect this number will grow, as demonstrated by the incredibly positive interest we are already witnessing and as we continue to strengthen our ties with the Indian market.”Salmaan Jaffery, Chief Business Development Officer, DIFC Authority
TiE Mumbai represents over 2,500 Startups in the Greater Mumbai region. It has successfully connected and mentored over 2,000 entrepreneurs and startups over the last few years, over 1,000 startups have been successfully connected to investors.
Here are the 17 startups DIFC met with, who have been invited to apply to setup a base at DIFC:
Indian FinTech startups that would like to take advantage of this new opportunity should reach out to TiE Mumbai first. TiE Mumbai will advise them on how to proceed further. A qualified introduction will be made with DIFC on this basis. TiE Mumbai will also organise a delegation for Fintech startups from outside its network to visit DIFC in the near future.
