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Arab Bank launches the Egypt version of the AB Accelerator – a Fintech-focused corporate accelerator programme.
Launched in 2018 in Jordan, the accelerator targets to early-stage startups specialized in fintech and other tech verticals such as artificial intelligence (AI), cyber security, and other startups that show strategic alignment with the bank.
All eligible startups will receive $500,000 in funding and reap from the banks’ offerings like the creation of customized proof of concept for testing solutions which results in pilot agreements while accessing customers and markets covered by Arab bank’s regional and global presence.
Hala Zahran, Lead at AB Accelerator pointed the investment in a global portfolio of startups spanning across Europe, the US, and MENA – with notable players like Seclytics, Tabby, and Hala Insurance taking part.
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