iAccel Gulf Business Incubator (iAGBI), a prominent Dubai-based incubator, has announced its merger with ERB, a dynamic B2B2C fintech financial broker serving the BFSI industry. This strategic partnership is poised to usher in an era of innovation and growth, in line with his D33 vision for Dubai to become a global fintech hub.
The collaboration between iAGBI and ERB marks a pivotal moment in the UAE’s financial evolution, as Dubai is a hub of fintech innovation, attracting significant investment and growing at an unprecedented pace . iAccel GBI is a catalyst between India and the UAE Startup Corridor, working to identify, enable and nurture fintech startups across the UAE. iAccel GBI, part of DET (Department of Economy and Tourism), operates under his SME in Dubai and collaborates with various stakeholders across the UAE to drive the digital transformation of the financial sector .
Commenting on the incorporation, Deepak Ahuja, CEO and Co-Founder of iAccel Gulf Business Incubator, said: Given the business-friendly environment, we expect significant growth in his UAE’s rise as a hub for fintech startups and entrepreneurs. The emergence of innovative fintech concepts like ERB will strengthen collaboration between the Indian and UAE startup ecosystems while providing a robust platform for seamless exchange of financial products in the B2B2C space. I am sure. ”
Dubai’s financial sector is now a key driver of the emirate’s economy, accounting for up to 10% of GDP, as policymakers and industry leaders take a proactive approach to building an ecosystem that enables fintech innovation. Contributing to This growth has contributed to attracting foreign investment, supporting MSME growth and promoting entrepreneurship.
“At iAccel GBI, we understand the unique challenges faced by fintech startups. Our comprehensive support includes licensing, workspace, mentorship, legal guidance, marketing, access to capital, and an extensive investor network. The ecosystem enables ERB to thrive in the UAE, said Shalabh Jakhetia, Managing Partner and COO of iAccel Gulf Business Incubator.
ERB’s technology aims to bridge the gap between the UAE’s BFSI (Banking, Financial Services and Insurance) industry and its customers. By offering complete process automation, instant payments, enhanced pricing plans, and a cross-sell engine, ERB enables financial distributors to optimize operations, achieve cost savings, and drive measurable business growth. will do so.
Commenting on ERB’s expansion in the UAE, Manish Aggarwal, Founder and CEO, ERB Fintech Finance Broker said, “As a start-up, our vision in the UAE is driven by the region’s vibrant entrepreneurial ecosystem and open acceptance of innovative fintech solutions. Prosperity offers an attractive opportunity to fit the product market well and expand E-Revbay’s footprint. When it comes to choosing the ideal launchpad, iAccel Gulf Business Incubator is a valued investor in It stood out for its network and strong business support. This is the perfect partnership for us as we embark on a global expansion journey in Dubai.”
By combining the strengths of iAccel GBI and ERB, the UAE’s fintech sector is poised for rapid growth and transformation. The incorporation will further strengthen Dubai’s position as a global fintech hub, attracting increased foreign direct investment and contributing significantly to the emirate’s ambitious economic goals for 2033. It is expected.
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