DIFC FinTech Hive, the Middle East, Africa, and South Asia (MEASA) region's first and biggest financial technology accelerator, has been awarded one of the "World's Best Innovation Labs" by Global Finance for 2021.

The annual study on the main actors and new trends in FinTech innovation, which is in its fourth year, is one of the most trustworthy sources in the industry, analyzing laboratories conducted by banks, governments, venture capitalists, NGOs, and universities all around the world.

“This is an honor that Global Finance recognizes DIFC FinTech Hive's work in FinTech innovation by placing us all on the list of the World's Best Innovation Labs in 2021,” stated Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive. This award demonstrates our dedication to drawing together the finest partners, brains, and technology under one roof to propel forward the digital transformation, not only in Dubai but throughout the region.

“We plan on taking FinTech Hive towards the next level and have a complete pipeline of projects in the works to lure even more world-class businesses in the financial sector.” Being named one of the world's finest innovation laboratories would assist us to deliver the future of finance,” Al Mazrouei remarked.

To, date DIFC FinTech Hive has raised over $300 million in funding, generated hundreds of jobs, and assisted over 100 businesses around the area.

DIFC FinTech Hive is dedicated to assisting firms in the FinTech, InsurTech, RegTech, and Islamic FinTech sectors who seem to be eager to capitalize on unexplored prospects for multi-faceted growth.

Dubai International Financial Centre (DIFC) has become one of the world's most highly developed financial centres and the leading financial centre for the Middle East, Africa, and South Asia (MEASA), a region largely composed of 72 countries with a population of approximately 3 billion people and a nominal GDP of USD 7.7 trillion.