Based in Dubai, iAccel Gulf Business Incubator (iAGBI) has joined forces with ERB, a B2B2C Fintech financing broker serving the BFSI industry.
This strategic partnership aims to drive innovation and growth, aligning with Dubai’s D33 vision to establish itself as a global fintech hub.
Dubai’s Thriving Fintech Ecosystem:
Dubai has emerged as a prominent hub for fintech innovation, attracting substantial investments and experiencing rapid growth.
The collaboration between iAGBI and ERB marks a significant milestone in the financial evolution of the UAE. iAccel GBI, a catalyst in the India-UAE Startup Corridor, is dedicated to identifying, enabling, and nurturing fintech startups in the UAE.
Operating under Dubai SME and as part of the Department of Economy and Tourism (DET), iAccel GBI collaborates with various stakeholders in the UAE to drive the digital transformation of the financial sector.
iAGBI CEO’s Perspective:
Deepak Ahuja, CEO and co-founder of iAccel Gulf Business Incubator, expressed optimism about the UAE’s growth as a fintech startup and entrepreneurial hub.
He believes innovative fintech concepts like ERB will promote collaboration between the Indian and UAE startup ecosystems while facilitating the seamless exchange of financial products in the B2B2C sector.
Dubai’s financial sector has significantly contributed to the emirate’s economy, accounting for up to 10% of its GDP. This growth has attracted foreign investments, supported MSMEs, and fostered entrepreneurship.
Comprehensive Support Ecosystem:
iAccel GBI offers a comprehensive support ecosystem for fintech startups, encompassing licensing, workspaces, mentorship, legal guidance, marketing, funding access, and an extensive investor network. This support will empower ERB to thrive in the UAE market.
ERB’s Impact on the BFSI Industry:
ERB’s technology aims to bridge gaps in the UAE’s BFSI (Banking, Financial Services, and Insurance) industry by offering full process automation, instant payouts, enhanced rate offerings, and a cross-selling engine.
This enables financial distributors to optimize operations, achieve cost savings, and drive business growth.
ERB’s Expansion in the UAE:
Manish Aggarwal, Founder & CEO of ERB Fintech Finance Broker, sees the UAE’s vibrant entrepreneurial ecosystem and openness to innovative fintech solutions as the driving force behind the company’s vision.
The partnership with iAccel GBI, with its investor network and business support, provides the ideal launchpad for ERB’s global expansion journey in Dubai.
Fueling UAE’s Fintech Sector Growth:
The collaboration between iAccel GBI and ERB is set to accelerate the growth and transformation of the UAE’s fintech sector.
It is expected to solidify Dubai’s position as a global fintech hub, attracting increased foreign direct investment and contributing significantly to the emirate’s ambitious economic targets for 2033.
This partnership signals a promising era for fintech innovation in Dubai and the broader UAE region.
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