Arab National Bank (ANB) has announced the launch of its inaugural “FinTech Accelerator Program for Emerging FinTech Companies”, marking the first such initiative by a Saudi bank aimed at supporting and empowering the next generation of FinTech startups in the Kingdom and the region.
The program is executed by Plug and Play Tech Center, with strategic support from Fintech Saudi and Monshaat, providing a comprehensive ecosystem that includes mentorship, specialized workshops, and a live banking environment using APIs and a Sandbox.
Running for 12 weeks, the accelerator features tailored focus weeks, one-on-one mentoring with local and international experts, and networking opportunities with regulators and investors to build strategic partnerships that drive growth and investment.
Participants also have access to investment opportunities through the ANB Seed Fund, while Plug and Play evaluates potential investments in the top-performing startups, enhancing their readiness for future funding rounds.
The top-performing company in the cohort will qualify for the “Goal Program” for global expansion, gaining sessions with international investors, leading tech partners, and workshops focused on expansion strategies and building a strong global presence.
This initiative underscores ANB’s commitment to Saudi Vision 2030 and the Financial Sector Development Program, which aim to position the Kingdom as a thriving global financial hub, fostering economic diversification and sustainability.
Omar Al-Aqeel, CEO of ANB Digital Office, noted that the launch of the fintech accelerator program under the ANB Innovate umbrella will contribute to empowering and inspiring innovation among fintech startups. The bank will provide support and advice to entrepreneurs in this sector, leveraging its technologies, expertise, and human resources as one of the leading enablers of fintechs in the Kingdom and the region. This aligns with the objectives of the Financial Sector Development Program, which is part of Saudi Arabia’s Vision 2030.
