Egypt - 11 FinTech startups have solutions for COVID-19 challenges
Thursday, 03 25 2021, Category: Technology, Country: Egypt
Prototypes for innovative financial technology (FinTech) solutions were showcased, on Wednesday, during the COVID-19 Innovation Sprint.
The initiative was launched by the Central Bank of Egypt (CBE) in collaboration with the Financial Regulatory Authority (FRA). It was organised by DFS Lab, an early-stage FinTech accelerator, and supported by FSD Africa, a development agency focusing on financial inclusion.
Prototyped solutions were presented through the efficient contribution and cooperation of FinTech startups, Egyptian banks, and financial institutions participated in the sprint.
The COVID-19 Innovation Sprint aims to encourage entrepreneurs and FinTech startups to develop technological solutions for banks and financial institutions operating in Egypt to address the challenges related to the novel coronavirus (COVID-19) pandemic.
The sprint activities included holding intensive workshops for three consecutive days from 15-17 March, with the participation of 11 selected startups.
Source: Daily News Egypt