USD 9.25 Million in Investments Committed to Start-ups during
FinTech World Cup at Dubai FinTech Summit
15 Regional finalists pitched at the FinTech World Cup (FWC) grand finale during
the Dubai FinTech Summit
Dubai, 10 May 2024: The much-awaited Grand Finale of the FinTech World Cup (FWC) hosted by Trescon
in partnership with Dubai FinTech Summit (DFS
), VISA, Emirates NBD & Amazon Web Services (AWS),
witnessed committed investments totalling worth over USD 9,250,000 (9.25 million) by various investors.
In an intense showdown, 15 qualified start-ups from around the world – Audax, Xaults Technologies,
Monak E-Services, YABX, ALTPAYNET, APPRO, Libeara, Letbloom, Myzoi, Vault22, Lordsystem, MOIN,
Alphastream.ai, Validus, and Namara – pitched at the FWC Grand Finale to a room full of global investors
during the 2nd day of DFS.
While APPRO emerged as the Winner of FWC and secured on the spot investment commitment of USD
500,000, other startups like Finix196 received commitment of USD 5 million by Dhruv Management,
Motive Partners committed USD 3 million to Alpha Stream and Validus got commitment of USD 750,000
by Aum Ventures.
Mohammed Saleem, Founder and Chairman of Trescon, stated, “We were thrilled to host the Grand
Finale of our FinTech World Cup at the Dubai FinTech Summit. By joining forces, we created an
unparalleled platform for FinTech innovation, providing participants with access to Trescon’s international
reach, a regulatory environment that fosters growth and most importantly access to much needed capital.
As an FWC Jury Member & a fellow investor, I commit to investing in some of these start-ups too to walk
the talk, including the USD 500,000 for FWC Grand Finale Winner Appro.”
Naveen Bharadwaj, Group CEO of Trescon, said, “The FinTech World Cup is an opportunity to solve real-
world challenges through collaboration and capital. In addition to the investments totalling worth USD
9.25 million that were announced, I’m happy to share that the winner & first two runner ups will also gain
access to mentorship by the esteemed jury, Trescon Credits & Amazon credits – enhancing their resources
for growth and development, global brand exposure, industry recognition and a path to success through
strategic synergies and partnerships. We are committed to shaping an ecosystem that not only celebrates
FinTech excellence but also propels the industry forward.”
The FWC jury was comprised of distinguished professionals from various sectors of the FinTech industry,
including Nasir Zubairi, CEO at The LHoFT Foundation; Hugo Bongers, Partner at Motive Ventures; Sara
www.dubaifintechsummit.ae
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Tabana, Senior Director of FinTech Innovation Strategy at Visa; Melissa Cannon Guzy, Co-Founder and
Managing Partner at Arbor Ventures; Mohammed Saleem, Founder and Chairman of Trescon; Chetan
Mehta, Founding Partner at AUM Ventures; Rana Abdel Latif, Partner at Speedinvest; Nacira Alioua, Head
of FinTech Engagement at Emirates NBD; and Tunc Ozgul, Head of Startup and VC Ecosystem at Amazon
Web Services.
The 2nd edition of the Dubai FinTech Summit was supported by global corporate partners, including
Founding Partners VISA, Emirates NBD (ENBD), Etisalat & (E&) and Commercial Bank of Dubai (CBD).
#FWC #DFS24 #Fintech #Difc #DifcInnovationHub #Trescon
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About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the
leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the
Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers,
signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the
international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the
financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 billion
from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai
into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks,
including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit
stands as a thought leadership-driven platform, addressing industry challenges head-on and championing
innovation.
Visit www.dubaifintechsummit.com
#Difc #DifcInnovationHub #DFS2024 #Fintech
For further enquiries, please contact:
Samia Ahmad
Assistant Manager, Marketing at DIFC Innovation Hub
E: samia.ahmad@difc.com
Phone: +971 4 362 2657
Shadi Dawi
www.dubaifintechsummit.ae
CONFIDENTIAL
Director of PR & Strategic Partnerships
Trescon Global
Mobile: +971 55 498 4989
shadi@tresconglobal.com
Organizer
