Pakistan’s first fintech accelerator 07 trainees take part in Karandaaz’s 3rd Fintech Disrupt Challenge finale to be held in Karachi on November 29, 2018. Pakistan’s trainees broom up their innovative fintech solutions at the Fintech Factory for the Fintech Disrupt Challenge finale.
Startups with ground-breaking fintech ideas and a high growth potential will be given grants of $100,000 and $20,000. Pakistan’s first and only financial technology focused accelerator program ‘Fintech Factory’ in collaboration with TPS, Sybrid, Rapidcompute, JS Bank and Takaful Pakistan, is moving ahead towards Karandaaz’s 3rd Fintech Disrupt Challenge finale.
Karandaaz, Pakistan’s leading supporter of financial enclosure and allied technology, amalgamated with Fintech Factory to initiate selected applicants for FDC III (2018) into the accelerator program and help them reach a market-tested scalable MVP for the challenge.
Fintech Factory’s aims to develop the ecosystem in a self-sustaining manner to catalyze innovation in the fintech space to reduce the digital carve and improve the lives of Pakistanis.
Owais Zaidi, Founder of Fintech Factory addressed that the opportunities for bridging gaps in the financial ecosystem are phenomenal, the fintech startup space in Pakistan is at a very embryonic stage.
Accepting the needs of startups and Fintech verticals, our objective is to identify, assist and accelerate ideas that can improve the lives of our fellow Pakistanis in a sustainable and scalable mode.
Fintech Factory is enchanted to have amalgamated with Karandaaz for the Fintech Disrupt Challenge 2018 and share their aim of harnessing the most innovative ideas from the financial technology space and transforming them into valuable solutions.
Fintech Factory offers its startups access to industry leading mentors, training and resources to enhance their skills to make their startups a success in Islamabad and Karachi. Fintech Factory also provides state-of-the-art facilities to startups at The Hive in Islamabad and Karachi.
In FDC 2018, initially, Fintech Factory on-boarded 10 teams after a precise assessment of more than 50 applicants that were screened through a multi-stage process.
The Fintech Disrupt Challenge is an additional room of Karandaaz Pakistan’s overall ambition of promoting financial enclosure to marginalized segments of the society.