sync., the world’s first digital smart open banking app, has been selected to be part of the highly competitive first-ever Qatar Fintech Accelerator.
As part of the program, sync. plans to open an office in Qatar in the coming months. They will use it as a base to launch their Middle Eastern operations in early 2021, with a focus on the Qatar World Cup in 2022. They are the only European-based Fintech currently expanding to the Middle East.
More than 350 Fintechs expressed their interest in the Qatar Fintech Accelerator, run by the Qatar Development Bank and Qatar Fintech Hub, with only 13 of the most advanced companies chosen. sync. is the only UK Fintech included, alongside startups from Qatar, Singapore, Canada, Brazil and more.
The Accelerator is a 12-week program designed to support mature FinTechs with a proven product that are looking to expand globally. It focuses on facilitating collaboration between startups and key partners and brands in Qatar.
Ricky Lee, CEO and Co-Founder of sync., said: “We’re proud to be part of the first-ever Qatar Fintech Accelerator. We launched across Europe in August 2020 and we are excited that the Accelerator will allow us to expand our product to Qatar very soon.”
sync. is an innovative money app that launched in the UK and Europe in August 2020. It is currently operating across Europe and provides a simple and secure way to manage finances by giving customers complete control of their financial life in one app. The app allows you to open a GBP and EUR current account; link all of your financial accounts – such as bank accounts, credit cards, loans and mortgages, and transfer money worldwide at competitive rates.