Fintech Accelerator
Fintech Accelerator by Fintech Saudi is a carefully designed program to help fintech companies accelerate their growth through support services, workshops, coaching and mentorship sessions. The program will conclude with a demo day providing the fintechs with access to fintech investors. Post program completion, participating fintechs will be able to continue accessing support services through regular meetings with the accelerator team.
This year, Fintech Accelerator includes a Regulation Track and a Business Track running simultaneously and will include engagement with the Saudi Central Bank and the Capital Market Authority of Saudi Arabia.
WHAT TO KNOW BEFORE APPLYING
Once you are accepted into the program, you will receive a magnitude of benefits, ranging from mentorship, coaching, and business development to a regional network of investors, entrepreneurs, and experts who can help you create a prototype.
Conditions to Apply:
- Must have a commercial registration in Saudi Arabia and be a privately-owned company Picture
- Must be working on fintech or fintech related technology solutions Picture
- Must have an existing MVP (Minimum Viable Product) of the solution
SUPPORT & OFFERINGS
Support Services
Dedicated Mentors
Business Networking Events
Workshops
Coaching Sessions
Exposure To Partnerships & Business Opportunities
Pitch Practice & Pitch Night
SELECTION PROCESS
- Interviews
- Selection Committee
- Cycle Program
- Demo Day
- Our Journey Continues
Interviews
We receive hundreds of applications every cycle in each location. Once all applications have been submitted, our team reviews every application carefully and selects the best applicants to be called in for a 30-60 minute interview. We go deeper into learning about the founders – who they are, why are they building a company, how well do they know their market, what problem do they want to solve.
Selection Committee
By the end of the 4-day Bootcamp, teams present in front of the selection committee who then select the final teams to be accepted into the cycle. The selection committee is a diverse group of partners, industry experts, entrepreneurs, mentors, and investors all from our close network who come out with the final “go/no go” decision on each team.
Cycle Program
This is where the cycle begins and each team works restlessly over the next 4 months developing their core business model, building a prototype, and acquiring customers. During the cycle, each team has full and unlimited access to our overarching network of mentors, investors, consultants, experts, as well as well as the privilege to use our office space, network of mentors, consultants, investors, business education workshops, training sessions, perks program and more.
Demo Day
Flat6Labs’ entrepreneurs go through a number of milestones during the training program including the Program Opening, Product Day, the Market day, and the Demo Day, events through which entrepreneurs are able to present their product to a select crowd, receive feedback, network & pitch to potential investors.
Our Journey Continues
We continue offering our startups support, guidance, and exposure to investors, which ensures accelerated growth and scalability.