Following its successful launch in Jordan in 2018, Arab Bank has recently launched its FinTech-focused corporate accelerator program “AB Accelerator” in Egypt.
The launch of this program in Egypt is part of the bank’s strategic efforts to foster and support innovation in the FinTech sector in order to provide responsive and agile banking solutions that are in line with the evolving needs and expectations of clients across various segments.
The “AB Accelerator” program seeks to accelerate the adoption of emerging technologies and solutions within Arab Bank, as well as to provide entrepreneurs with the opportunity to scale their market-ready FinTech startups across the MENA region. Driven by this goal, the “AB Accelerator” program seeks to integrate into Egypt’s startup scene by investing in early-stage FinTech and other related technology verticals, such as cybersecurity and artificial intelligence (AI), with a focus on startups that demonstrate strategic alignment with Arab Bank.
Hala Zahran, Lead of AB Accelerator, commented on the program’s launch in Egypt, saying, “AB Accelerator is unique in that it applies both a venture client and a venture capital model.” The “AB Accelerator” program provides early-stage startups with banking and commercial collaboration that not only helps them gain credibility and validate their product, but also allows them to tap into multiple geographies instantly. As a result, the “AB Accelerator” program embodies the essence of what a strategic investor is.” “Over the last two years, we have invested in a global portfolio of startups from the US, Europe, and the MENA region, including startups like Seclytics (Cybersecurity), Tabby (Buy Now Pay Later), and Hala Insurance (Digital Insurance),” Zahran added.
It is worth noting that Egyptian entrepreneurs who want to join Arab Bank’s “AB Accelerator” portfolio of companies can apply online at
www.abaccelerator.co/apply-now
or send an email to: hello@abaccelerator.co.
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