The Middle East and North Africa Fintech Community to gather tomorrow at Fintech Surge 2022

Get on Wall Street with StreetInsider Premium. Claim a 1-week free trial here.

• Fintech architects, the investor community, startups and leading innovators will come together tomorrow at Fintech Surge 2022 to rethink the future of industry in the UAE
• Fintech Surge 2022 brings together global fintech industry leaders to accelerate growth in the UAE

Dubai, United Arab Emirates – (Newsfile Corp. – October 9, 2022) – Fintech Surge 2022The Middle East and North Africa’s leading finance and innovation event, opens tomorrow at the Dubai World Trade Center from 10 to 13 October 2022 (Monday-Thursday).

Fintech Surge 2022 will serve as the largest gathering for the Fintech investor community, Fintech architects, startups, over 600 powerful investors and leading innovators from disruptive Fintech companies globally. The summit will anchor visionaries and leading innovators who will share insights on how to navigate the ever-evolving fintech ecosystem.

The UAE has been at the forefront of financial innovation, and has witnessed a recent acceleration in the fintech sector. The country is currently home to 24 percent of all fintech organizations in the region, and accounts for 41 percent of the MENA region’s $864 million in seed funding in the first quarter of 2021.

Over four days, Fintech Surge 2022 will address global regulations, compliance issues and the role of Metaverse in fintech. The summit will host thought leaders from the public and private sectors, including organizations such as Abu Dhabi Global Market (ADGM), London Stock Exchange Group (LSEG), Mashreq Bank, Mastercard, FintX by Emirates Post, EmiratesNBD and Abu Dhabi Islamic Bank.

Fintech Surge 2022’s expert-led conference track will explore the sector’s most pressing issues and potentially lucrative opportunities. The summit will also witness startAD’s pitch day where ten startups of the CSA9 cohort will highlight their solutions and a winner will be announced.

Khalil Alami, founder and CEO of Telr, said: “We are delighted to be part of Fintech Surge 2022 as a Gold Sponsor. Together we can develop and transform the fintech industry. The UAE is recognized as one of the world’s top ten Fintech hubs . It houses almost 50 percent of fintech companies in the Middle East, and we are excited to be part of its growth.”

The COVID-19 pandemic has dramatically changed consumer behavior and payment preferences in recent years. Eighty-eight percent of consumers in the UAE have used at least one emerging payment method in the past year, and usage is expected to increase further, according to Mastercard’s New Payments Index 2022. As the main sponsor of Fintech Surge 2022, Mastercard will highlight some of its innovative technologies and solutions. Global leaders will share industry insights during panel discussions and fireside chats. Mastercard also intends to launch a report on the current state and growth potential of the fintech sector in the region.

Ali Abulhasan, co-founder and CEO of Tap Payments, said: “While serving over 100,000 merchants, we have observed how the MENA region blossomed into an ecosystem of startups and early-stage SMEs. This is attributed to the Govt. and local initiatives that accelerate the development of startups. Our goal is to continue supporting startups and the innovation they bring to core markets, and to create an ecosystem that helps them scale easily. That’s why we’re committed to being part of industry-leading events such as Fintech Surge 2022 and competitive pitching activities such as the Supernova challenge.”

Ahmed Mohamed Al Awadi, Managing Director and CEO of FINTX, the new fintech arm of Emirates Post, said: “FINTX will act as an incubator for fintech innovation. Through the newly established company, we aim to create a one-of -en- kind Fintech ecosystem and raise the diversity and quality of the financial services offered by the existing companies we oversee and new ventures we create.We intend to leverage our robust customer base and the extensive experience of financial expertise that spanning decades across our broad local and international networks, to drive the success of the company.”

Fintech Surge 2022 serves as an integral part of GITEX Global 2022, the world’s largest technology and startup event of the year that will feature over 5,000 technology and digital companies from 170 countries.

Additional quotes

Kokila Alagh, founder of KARM Legal, says: “KARM is a home-grown law firm in the UAE, aiming to put the Emirates on the technology map. KARM’s vision is in line with that of His Highness Sheikh Mohammed bin Rashid Al Maktoum, who is to enhance Dubai’s position as a global hub for Web 3.0 and digital economy. Fintech Surge is a great initiative. We are delighted to be a part of Fintech Surge 2022 as it has given the world an overview of the development of blockchain and fintech- space, while representing different jurisdictions.”

Vladimir Tatarinov, CEO, Armenotech Limited, said: “Fintech Surge 2022 will open a path to the Middle East market for us. It is where hundreds of large and medium-sized Fintech companies already exist, and more are planning to enter the market. . “

Renier Lemmens, CEO of Geidea, adds: “The Fintech ecosystem and digital payments landscape in the UAE and GCC is changing at an unprecedented scale. Geidea is committed to empowering merchants in the large and SME space. As part of Geidea’s expansion plans in MENA, we look forward to our participation at GITEX Global’s Fintech Surge 2022 as a Platinum Sponsor.”

-ENDS-

About Dubai World Trade Centre:

With a vision to make Dubai the world’s leading destination for all major exhibitions, conferences and events, DWTC has evolved from being the regional forerunner of the fast-growing MICE industry to a multi-dimensional business catalyst, focusing on venues, events and real estate . Management. Complementing the primary service offerings are a range of value-added services from media/advertising, engineering and technical consultation and wedding planning, security services and an award-winning hospitality portfolio. To know more about Dubai World Trade Centre, please visit their website.

For more information, please contact:

Loredana Matei

Founder, Jensen Matthews PR

[email protected]

Official media contact

Steven Besse

Fintech Surge

[email protected]

To view the source version of this press release, please visit