The new cohort already raised more than Dh231 million in funding: It includes Pakistan’s first digital bank TAG among the 16 new startups to join the growing community of Hub71 – Abu Dhabi’s global tech ecosystem. The accepted cohort includes early-stage startups across FinTech, HealthTech, EdTech and other sectors with diverse representation from leading international tech hubs, including the UK, the US and South Korea. Among the cohort is also UAE-based Trade Capital Partners – a platform that boosts access to working capital for startups and small to medium-sized enterprises in emerging markets and Zywa – the first neobank for teenagers in the Mena region.
Also accepted in the cohort is UAE-founded Letswork, an app that allows members to book workspaces and work remotely from hotels, cafes, co-working spaces and other unique venues, as well as Ostaz, which offers a private tutoring platform for students to accelerate academic progress.
By launching operations in Abu Dhabi, the new startup cohort, which has already raised more than Dh231 million in funding, will have the opportunity to develop advanced technologies and gain access to the market, investment, and talent provided by Hub71. (Source: Khaleej Times)