The well-known Dubai-based iAccel Gulf Business Incubator (iAGBI) has announced that it has joined forces with ERB, a B2B2C Fintech financing broker that works with the BFSI business. As part of Dubai’s D33 plan to become a global fintech hub, the strategic union is set to usher in a time of growth and new ideas.
Dubai is at the center of fintech innovation, bringing big investments and growing at a speed that has never been seen before. The partnership between iAGBI and ERB is a turning point in the UAE’s financial history.
As a bridge between the India-UAE Startup Corridor, iAccel GBI is dedicated to finding, supporting, and growing financial startups all over the UAE. iAccel GBI, which is part of DET (Department of Economy and Tourism) and works with different groups across the UAE as part of Dubai SME, helps the financial industry become more digital.
UAE fintech Boost as iAGBI partners with ERB
Deepak Ahuja, CEO and co-founder of iAccel Gulf Business Incubator, said this about the incorporation: “The UAE has always taken a forward-thinking approach, readily adopting new technologies.” Because the UAE is a good place to do business, we expect its growth as a fintech startup and creative hub to be very large.
When new fintech ideas like ERB come out, I’m sure they will make it easier for startups in India and the UAE to work together. They will also make it easier for businesses and consumers to trade financial goods.
The financial sector in Dubai has become an important part of the emirate’s economy, making up to 10% of its GDP. This is because lawmakers and business leaders are working hard to create an environment that encourages fintech innovation. This growth has been very important in bringing in foreign investments, helping small businesses grow, and encouraging people to start their own businesses.
“At iAccel GBI, we know the unique problems that fintech startups have to deal with.” “Our full support ecosystem, which includes licenses, workspaces, mentorship, legal advice, marketing, access to funding, and a large network of investors, will help ERB do well in the UAE market,” said Shalabh Jakhetia, Managing Partner & COO, iAccel Gulf Business Incubator.
Banks, Financial Services, and Insurance (BFSI) in the UAE will be able to connect with their users better thanks to ERB’s technology. ERB helps financial distributors improve their operations, cut costs, and grow their businesses by automating all processes, letting them get paid right away, giving better rates, and having a cross-selling engine.
The founder and CEO of ERB Fintech Finance Broker, Manish Aggarwal, talked about the company’s plans to grow in the UAE. He said, “As a startup, our vision in the UAE is fuelled by the region’s vibrant entrepreneurial ecosystem and its open embrace of innovative fintech solutions.”
The growing banking, finance, and insurance industry in the UAE gives us the perfect product-market fit and a great chance to grow E-Revbay. The iAccel Gulf Business Incubator stood out as the best place to start a business because it had a strong network of investors and strong business support. It’s the perfect partnership for us as we start to grow our business around the world in Dubai.”
Because iAccel GBI and ERB work well together, the UAE’s fintech sector is set to grow and change quickly. The incorporation is expected to strengthen Dubai’s place as a global fintech hub, bringing in more foreign direct investment and helping the emirate reach its lofty economic goals for 2033.