The first cohort of the American University of Cairo’s (AUC) Venture Lab Fintech Accelerator graduated this week, with participants pitching and showcasing their solutions at a Demo Day. The AUC Venture Lab Fintech Accelerator was launched in July 2016, through a partnership between AUC and the Commercial International Bank of Egypt (CIB). The 12-week programme for fintech startups aims to create a platform to bridge the gap between the financial services sector and the emerging entrepreneurial ecosystem, and to encourage new startups in the fintech space. The Accelerator is based on the aim of increasing the impact of fintech startups on the Egyptian economy. “The Fintech Accelerator is just the beginning of a long journey, during which we have laid the foundation of an ongoing, genuine collaboration model between CIB and the entrepreneurship field.

Source: The North Africa Journal February 17, 2017 08:37 UTC