Pakistan’s First Startup Digital Bank to Join Abu Dhabi’s Hub71
It gives me great pleasure to inform you that Pakistani startups are gaining international attention. A startup digital bank recently announced its intention to join the UAE’s system. Pakistan’s first digital bank is among the 16 new companies that have joined Hub71, Abu Dhabi’s global innovation ecosystem.
By establishing offices in Abu Dhabi, the new startup cohort, which has already raised over Dh231 million in capital, will be able to build sophisticated technologies and have access to Hub71’s market, investment, and talent.
Badr Al-Olama, interim CEO of Hub71, commented, “Our first cohort of the year indicates our goal of matching our speed with that of global digital startups with the best development potential.”
Early-stage companies from the FinTech, HealthTech, EdTech, and other sectors are among those accepted, with representatives from important international tech hubs including the UK, the US, and South Korea taking part. Trade Capital Partners, a platform that facilitates access to working capital for startups and small to medium-sized businesses in emerging countries, and Zywa, the Mena region’s first neobank for minors, are among the batch.
“What sets Hub71 distinct is our founder-centric strategy,” Al-Olama continued. “We focus on building leaders and teams to help entrepreneurs achieve exponential growth.”
Both Letswork, a UAE-based software that allows members to rent workplaces and work remotely from hotels, cafes, co-working spaces, and other unconventional locations, and Ostaz, a private tutoring platform for students to promote academic progress, have been accepted into the cohort.
“We believe in nurturing talent, and the entrepreneurs in this cohort are driven and eager to achieve their full potential,” Al-Olama added.