Alinma Bank, in collaboration with Falak Investment, announced the launch of “AmadTech”, a specialized accelerator aimed at supporting FinTech startups and accelerating the digital transformation of the financial sector in the Kingdom, in alignment with Saudi Vision 2030.
The accelerator targets 20 Saudi FinTech startups, as well as the commercialization of 15 registered intellectual properties, through an intensive program that combines mentorship, hands-on training, and access to the investment ecosystem.
“AmadTech” focuses on three main tracks:
- Accelerating high-potential FinTech startups through a tailored growth and mentorship program.
- Transforming registered IPs into market-ready digital solutions, with intensive support to validate market fit and build strategic partnerships.
- Engaging universities and talented students through collaboration with entities like Mawhiba, to nurture innovative, applicable FinTech projects.
The program also includes awareness activities, specialized workshops, and mentoring sessions with industry experts, culminating in a final Demo Day event where startups can present their projects to investors and FinTech ecosystem partners.
The accelerator is supported by key players in Saudi Arabia’s financial innovation ecosystem, including Alinma Bank, Falak Investment, Fintech Saudi, and the Mawhiba program, who provide strategic, logistical, and knowledge-based support to startups and participating innovation projects, helping to strengthen local innovation and connect talent with real market opportunities.
