APPLY NOW
About Fintech Solutions Program
The FinTech Solutions Program provides entrepreneurs with the necessary tools and support in the technical, administrative, and financial aspects with the aim of contributing to reaching the market and investors.
Apply Now
Targeted Audience
MVPs
Empowering MVPs to Transform Innovative Ideas into Market-Ready Fintech Solutions.
Startups
Accelerating Startup Growth with Comprehensive Support for the Fintech Ecosystem.
Program Goals
Business Model
Developing new digital business models
Job Opportunities
Providing new job opportunities
Localization
Supporting technology localization efforts
Empowerment
Empowering digital talent
Digital Solutions
Providing modern digital solutions in the market through targeted sectors
Program Tracks
FinTech Solutions Incubator
Riyadh City
Incubator offers
5 month in-person incubator program (Sun-Thurs)
Supporting the transition of projects from the MVP stage to the market entry stage
Supporting entrepreneurs with the necessary tools and support in the technical administrative and financial aspects
Providing global and local expertise by providing educational programs provided by mentors consultants and experts specialized in digital entrepreneurship
Contributing to transforming business models into business models capable of commercialization growth and expansion
How to get investment deals
The possibility of obtaining investment deals upon completion of the program for the best participating projects
Providing post-program support for 6 months
Providing the opportunity to reach investors through the demo day
Incubator ConditionsThe incubator targets projects at the idea stage
A team consisting of two or more people, at least one of whom is a Saudi national
The business model should be in the sector of financial solutions technologies
Existence of an mvp in the sector of Fintech
The project solves a current problem in the market that is applicable and able to be developed and commercialized
The project idea must be implementable in Saudi Arabia
The team must have diverse skills and fluency in both Arabic & English
The team should be able to be physically present at all stages of the program
The team must pass interviews stage
FinTech Solutions Accelerator
Riyadh City
Accelerator offers
3 month in-person accelerator program (Sun-Thurs)
Supporting the transition of projects from the mvp stage to the market entry stage
Linking financial solutions and investment opportunities
Supporting entrepreneurs with the necessary tools and support in the technical administrative and financial aspects
Providing global and local expertise by providing educational programs provided by mentors consultants and experts specialized in digital entrepreneurship
Contributing to transforming business models into business models capable of commercialization growth and expansion
How to get investment deals
The possibility of obtaining investment deals upon completion of the program for the best participating projects
Providing post-program support for 6 months
Providing the opportunity to reach investors through the demo day
Accelerator conditionsThe accelerator targets startups in the growth stage
A team consisting of two or more people, at least one of whom is a Saudi national
The business model should be in the field of financial solutions technologies
The existence of an mvp in the field of financial solutions technology
Growth in revenues and customer base
The startup solves a current problem in the market that is applicable and able to be developed and commercialized
The project idea must be implementable in Saudi Arabia
The team must have diverse skills and fluency in both Arabic & English
The team should be able to be physically present at all stages of the program
The team must pass interviews stage
FinTech Solutions Accelerator
Jeddah City
Accelerator offers
3 month in-person accelerator program (Sun-Thurs)
Supporting the transition of projects from the mvp stage to the market entry stage
Linking financial solutions and investment opportunities
Supporting entrepreneurs with the necessary tools and support in the technical administrative and financial aspects
Providing global and local expertise by providing educational programs provided by mentors consultants and experts specialized in digital entrepreneurship
Contributing to transforming business models into business models capable of commercialization growth and expansion
How to get investment deals
The possibility of obtaining investment deals upon completion of the program for the best participating projects
Providing post-program support for 6 months
Providing the opportunity to reach investors through the demo day
Accelerator conditions
The accelerator targets startups in the growth stage
A team consisting of two or more people, at least one of whom is a Saudi national
The business model should be in the field of financial solutions technologies
The existence of an mvp in the field of financial solutions technology
Growth in revenues and customer base
The startup solves a current problem in the market that is applicable and able to be developed and commercialized
The project idea must be implementable in Saudi Arabia
The team must have diverse skills and fluency in both Arabic & English
The team should be able to be physically present at all stages of the program
The team must pass interviews stage
Program Advantages
Mentorship
Specialized mentors and consults from the largest international companies in the field of entrepreneurship
Investment Opportunities
Linking financial solutions and investment opportunities
Tools
Access to digital tools for startups
Workshops
A distinguished group of international and local trainers and mentors during the incubator and accelerator phase
Investment Deals
The possibility of obtaining investment deals upon completion of the program for the best participating startups
Rewards
Boost Initiative: supporting a monthly reward for founders with a maximum of 3 founders (Saudi nationals) for a maximum period of 12 months. The reward ranges from 7,000-13,500 SAR, (condition to meet requirements of initiative)
Funding
Providing the possibility of obtaining the MVPLAB Initiative: supporting startups with an amount of up to 150 thousand SAR (condition to meet requirements of initiative)
Program Journey
Until May 7, 2024
Registration opens
March 1 to May 9, 2024
Filtration Process
May 10 - 14, 2024
Announcing the qualified participants for incubators & accelerators
May 15, 2024
Kick-off day (in person)
May 15, 2024
Duration: 5 months
FinTech Solutions Incubator Riyadh (In person for 5 months)
May 15, 2024
Duration: 3 months
FinTech Solutions Accelerators Riyadh (In person for 3 months)
May 15, 2024
Duration: 3 months
FinTech Solutions Accelerators Jeddah (Physically for 3 months)
TBD
Demo Day (in person)
FAQ
What are the tracks of the Fintech Solutions Program Program?
The program consists of two business accelerators and one business incubator for financial solutions technologies in two different cities, Riyadh and Jeddah.
In which city will the business incubators and accelerators be?
The accelerator for startups in the financial solutions technology sector and the incubator for projects in the financial solutions technology sector will be in Riyadh, Saudi Arabia. The accelerator for startups in the financial solutions technology sector and the incubator for projects in the digital media sector will be in Jeddah, Saudi Arabia.
What do we mean by financial solutions technology sector for the incubator and accelerator?
Fintech solutions are innovative technology solutions in the fintech sector, aimed at improving and automating the support for the fintech sector for individuals, businesses, and organizations.
What are the target areas for business model solutions for the FinTech solutions sector?
Target areas include clear digital business models within FinTech solutions sector, like digital banking solutions, regulatory financial solutions technology, applications in the field of financial technologies, cyber security to protect financial organizations, and artificial intelligence to improve financial services.
Can I participate in more than one track in the program?
Participants can apply to more than one track (incubator or accelerator) but must submit separate applications for each. If accepted, participants will be accepted into one track only.
What language should the entry be submitted in?
Registrations can be submitted through an Arabic or English application form.
What will I benefit from participating in the program?
The program offers training by international and local experts and mentors, with the possibility of obtaining investment deals for the best projects upon completion.
Are participants required to be physically present in the program?
Yes, participants need to be physically present throughout the program, which will be implemented in person. Note: No transportation or accommodation fees will be provided by the program.
What is the kick-off day?
It marks the start of the incubators and accelerators, held in person for one day only for qualified projects.
What is the Demo Day?
Participants present their projects professionally in front of specialists in digital entrepreneurship and investors during the Demo Day.
Should the registration form be filled out by a team member or must all team members register?
The registration form should be filled out by one team member, including the names of all other members.
Can the startup or startup idea be someone other than the applicant?
The project or startup must belong to the applicant and not be stolen or owned by another party.
Who owns the project idea before and after applying to the program?
The program does not own your idea; however, ideas themselves cannot be protected.
Does the program focus on specific sectors?
Yes, the program focuses on the financial solutions technologies sector.
Can I participate if I am under 18 years old?
Yes, with legal approval from a guardian.
Is it possible to submit a project or participate in a startup in an initial or incomplete manner?
Projects/startups must be clearly articulated and specialized in the ICT field, relevant to the program's nature.
How can I be sure that I have been selected?
You will receive a message of either rejection or acceptance after submitting your application.
Will the program be fully in-person?
Yes, it requires full commitment for all stages, to be held physically in Riyadh and Jeddah.
Note: No accommodation or transportation is provided.
Stay in the loop — Join our startup network
