Five years into Flat6Labs' launch, this FinTech accelerator is expanding in Egypt and launching two new locations.
Five years, 46 companies, and $10 million in investments: the math is mind-blowing. Focusing on rehabbing tech startups and financial tech companies (a.k.a. FinTech), Flat6Labs have officially been around for five years and made over 10 million dollars in investments for 46 companies.
With offices in Egypt, United Arab Emirates, and Saudi Arabia, they have helped launch some of Egypt's most well-known startups, such as the bug-tracking app Instabug (which recently raised $1.7 million), the fashion platform Coterique, Nafham – the Middle East's largest educational platform, and El Wafeyat – a gamechanger that is disrupting the business of death.
Additionally, in a partnership with Barclays, it has also launched 1864, an accelerator for FinTech startups to not only receive funds, but also legal advice, mentoring, and six months of office space. 1864 is currently accepting applicants until July 18th.