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.
“Our first cohort of the year demonstrates our objective of matching our pace with that of global tech firms with the strongest growth potential,” stated Badr Al-Olama, interim CEO of Hub71.
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 apart is our founder-centric approach, which focuses on developing leaders and teams to help entrepreneurs achieve exponential growth,” Al-Olama added.
