Targeting early stage Egyptian startups, the bootcamp offers promising entrepreneurs the opportunity to present their solutions to ‘AB Accelerator’, the Arab Bank’s innovation hub.
As part of the Arab Bank’s strategy to stay ahead of the curve and capitalise on the latest trends in the financial sector, Arab Bank Egypt has concluded the first edition of its fintech bootcamp. Targeting early-stage Egyptian startups, the bootcamp offers promising entrepreneurs the opportunity to present their solutions to ‘AB Accelerator’, the Arab Bank’s innovation hub. The winning solutions will be integrated within the bank’s financial infrastructure.
Three winners were announced and received cash rewards to help fund their ideas. ‘Fawateerak’ was awarded the first place prize of EGP 100,000. Coming in second is ‘F-Mail’, taking home a second-place prize of EGP 75,000. Clinching third place is ‘Vlens’ winning EGP 50,000.
The fintech-focused corporate accelerator invests globally with the EMEA region as its primary focal point. By supporting promising regional startups, the accelerator is driving the adoption of emerging technologies that have the potential to disrupt or expand the financial services industry.
Following an intensive one-week bootcamp where the shortlisted startups developed and refined their ideas with expert-led guidance, the bootcamp concluded with a demo day, showcasing all the solutions to a panel of judges from the Arab Bank senior management and independent investors.