Jopacc, Rainmaking Innovation collaborates on Jordan’s Fintech Advancement via JOIN Fincubator
The agreement, signed by Maha Bahou, CEO of JoPACC, and Ibrahim Seksek, CEO of Rainmaking Innovation MENA, will support the development and endeavors of offintech ideas and startups in the Jordanian ecosystem, according to a statement from JoPACC.
The strategic partnership between Rainmaking Innovation and JoPACC’s JOIN Fincubator is one of Rainmaking’s first initiatives on the Jordanian market. The agreement comes as part of a long-term vision of Rainmaking to unleash perpetual entrepreneurship in Jordan and the MENA region and form corporate innovation and startup-corporate partnerships, read
statement.
The launch of the JOIN Fincubator was first announced during the proceedings of the 20th edition of the MENA ICT Forum, in November 2022, by Adel Sharkas, Governor of the Central Bank of Jordan and Chairman of JoPACC.
JOIN Fincubator targets startups, financial institutions, students and investors in Jordan and the MENA region.
To address Jordan’s financial ecosystem’s growing need for a centralized environment for fintech startups, companies and financial institutions to test and develop their ideas, JOIN Fincubator intends to be a central hub for fintech entrepreneurs, with the aim of accelerating product development and provide participants with a comprehensive test and development platform, the statement said.
JOIN Fincubator programs will be supported by Startupbootcamp, a Rainmaking Innovation company considered one of the top five accelerators in the world.
Seksek said: “This collaboration with JoPACC is a testament to Startupbootcamp’s expertise in fintech and our commitment to fostering entrepreneurship in the Jordanian ecosystem. We believe that the JOIN Fincubator will be a key driver of innovation and growth in Jordan and the wider MENA region’s digital economy.”
Bahou emphasized the critical role Rainmaking will play in supporting the creation, acceleration and expansion of new fintech companies at the JOIN Fincubator, and emphasized the valuable exposure that JOIN’s cohorts will gain from Startupbootcamp’s global network of experts, startups and entrepreneurs.
JoPACC is a private limited company owned by the Central Bank of Jordan and all operating banks in the country.
Based in Copenhagen, Denmark, Rainmaking is one of the world’s leading business innovation facilitators and venture development firms with 12 offices globally, including major technology hubs such as London, Copenhagen, Dubai, Singapore and New York.
