Monak E-Services Wins Regional Finals of Fintech World Cup in Riyadh
- Peter Johnson
- Dec 15, 2023
- 4 min read
Eleven fintech start-ups were shortlisted to take part in the third regional finals of the Fintech World Cup, an event organized by the Dubai Fintech Summit in alliance with Trescon. It took place at the DATE Fintech Show, which was held in conjunction with the DATE AI Show in Saudi Arabia, and offered participants a chance to compete for a chance to pitch at the grand finale and potentially gain up to $1 million in financing.
On December 15, 2023, the anxiously awaited pitch contest culminated with Monak E-Services being declared the winner among the group of start-ups, demonstrating the flourishing innovative atmosphere in technology within the nation of Saudi Arabia.
The Dubai Fintech Summit, partnered with Trescon, is hosting the Fintech World Cup in 2024 in Dubai to give fintech entrepreneurs a chance to show off their ground-breaking inventions that are transforming the industry.
Monak E-Services, a fintech venture based in the Middle East and North Africa that provides financial inclusion and life services to workers in the region through its partners, emerged victorious from the regional finals of the DATE Fintech Show in Riyadh, signifying a significant step forward for innovative fintech solutions.
At the occasion, the lively exchange of thoughts and inventive knowledge highlighted the growth and energy of fintech in Saudi Arabia. The coming together of top start-ups, worldwide tech pioneers, and inventive personalities at DATE underlined its impact in encouraging Saudi Arabia's tech insurgency and its promise to driving reliable development and advancement in the territory's tech scene.
The DATE event acted as a hub of innovative concepts and dynamic observations, shedding light on the transformation of Saudi Arabia's financial technology space. High profile start-ups, prestigious technologists, and brilliant minds were brought together, signifying its central part in driving the tech transformation in Saudi Arabia. It demonstrates a firm commitment to promoting persistent expansion and instilling new ideas into the regional tech sphere.
Day two of DATE FinTech Show and DATE AI Show featured engaging keynotes and stimulating panel talks, aiming to further the conversation about the use of cutting-edge, emerging tech solutions.
A panel discussion entitled 'Digital Asset Regulation is Transcending: Creating a regulatory framework for the Digital Asset ecosystem to thrive' aroused considerable interest. Vineet Budki, the Managing Partner & CEO of Cypher Capital, moderated the session showcasing the latest regulations in the field. Insightful commentary was offered by the panelists - Ian Arden, CEO of Mempool Ventures; Stefan Kimmel, CEO of M2; and Monica Brand Engel, CEO of Quona Capital - on topics such as investor security, financial strength, and AML/CFT conformance.
A remarkable dialogue covered the subject of 'Empowerment Personified: Fintech's Impact on Women-led Enterprises.' Facilitated by Nouf Hijazi, Business News Presenter at Al Arabiya, the panel discussed women's potential for fostering inclusivity within the tech sector. The panellists, among which were Emon Shakoor, CEO of Blossom MENA; Sonia Shaw, Partner & Vice President of Global Partnerships at CoinW; and Elina Idrisova, Regional Director at Elevatus, shared their thought-provoking opinions promoting empowerment in the fintech field to encourage much-needed transformation.
This successful event's end has people looking forward to the Indonesia edition that is scheduled to take place on June 12 and 13, 2024. It will provide businesses with the best tech solutions, giving a unique view of future technology and innovation.
Partners and sponsors at the DATE FinTech Show and DATE AI Show are invited to join us in exploring the future of technology. Be part of this groundbreaking event and experience the new frontiers of finance and artificial intelligence!
Trescon is a leading provider of business events. We specialize in organizing conferences, summits, expos, and more. Our experts understand the needs of the industry and create events accordingly. We are recognized for hosting high-profile conferences and seminars that help businesses grow and engage with prospects.
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Shadi Dawi is the Director of Public Relations & Partnerships at MENA. She may be contacted via email at shadi@tresconglobal.com or by telephone at +971 55 498 4989.
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