On Wednesday, December 13, 2023, Fintech Accelerator will celebrate the graduation of the third batch of innovative financial technology companies that participated in the program. The batch included 10 startups offering innovative solutions in various fields within the financial sector.
Fintech Accelerator aims to support the growth and development of the financial technology sector in the Kingdom of Saudi Arabia. It seeks to provide the suitable environment for the growth of startups in this sector, equipping them with the tools and support needed for success.
Fintech Accelerator: A 3-Month Journey in the World of Financial Technology
Fintech Accelerator is a program designed to support the growth and development of financial technology companies in the Kingdom of Saudi Arabia. The program offers a package of support services, including:
- Intensive workshops on various topics such as business development, marketing, financing, and regulation.
- Meetings and advisory sessions with experts and specialists in the field of financial technology.
- An opportunity to access investors through the final demo day.
The third edition of the Financial Technology Accelerator is held in collaboration with the Saudi Central Bank and the Capital Market Authority. The three entities aim to support the growth of the financial technology sector in the Kingdom of Saudi Arabia.
Benefits of Fintech Accelerator
The financial technology accelerator offers a range of benefits to participating entrepreneurs, including:
- A dedicated mentor for each participating company, providing support and guidance throughout all stages of the program.
- Networking events and relationship-building activities, offering opportunities for participating companies to connect with each other and relevant stakeholders.
- Intensive workshops on various topics such as business development, marketing, finance, and regulation.
- Consultation sessions with experts and specialists in the field of financial technology.
- Opportunity to access partnerships and business opportunities through the final showcase day.
- Pitch training to assist participants in presenting their pitches more professionally.
The financial technology companies that graduated from Fintech Accelerator
- bynow: Offers “Buy Now, Pay Later” solutions for small and medium-sized businesses.
- Beamaan: Provides a secure environment for e-commerce by verifying user identities and phone numbers.
- Blomal: An alternative investment crowdfunding platform.
- clearGrid: Gathers and analyzes data to solve business problems for utility companies.
- Deben: Provides a comprehensive view of cash balances and transfers.
- SAV: A tech company with an innovative spirit to create products meeting user needs.
- Siolla: Specializes in financial technology and services in the Gulf region, focusing on small investments and robo-advisors.
- Own: A digital real estate platform and mortgage broker operating in Riyadh, Saudi Arabia.
- Nitaaj: A leading digital platform dedicated to facilitating and improving supply chain operations in the food sector in Saudi Arabia.
- Helol: A financial technology platform offering a diverse range of financial services.
These companies aim to contribute to the growth and development of the financial technology sector in Saudi Arabia, providing innovative and unique solutions to meet the needs of individuals and businesses.
Read Also: The Garage Plus Accelerator Graduates 16 Startups
