The largest fintech hub in the Middle East, Africa and South Asia, part of Dubai International Financial Centre (DIFC), has entered into a landmark agreement with Israel’s FinTech-Aviv. FinTech Aviv, established in 2014, caters to the needs of the Israeli FinTech ecosystem and whose members include over 6,000 startups and 300 research and development centers. both the entities will collaboratively work on events, knowledge sharing, talent development and on facilitating mutual introductions and referrals for firms keen to expand in each other’s jurisdictions. DIFC’s FinTech Hive launched in January 2017. Over 50 per cent of all fintech businesses in the GCC now operate from the DIFC.
Like Dubai, Israel is well regarded for its approach to innovation and embracing fintech so it is important to collaborate now to share knowledge and develop the sector further. We are pleased to have partnered with FinTech-Aviv as we can achieve great things together. DIFC is now home to more than 240 fintech related firms. The FinTech-Aviv community and its 30,000+ Israeli and worldwide members, proudly hold the torch of this exciting initiative and are humbled to be leading Israeli FinTech companies towards the exploration of new horizons with our new business partners.