FinTech Aviv signs MoU with DIFC to build relations between Israel and UAE

By Leandra Monteiro

FinTech Aviv, the Israeli FinTech association, signed a memorandum of understanding (MOU) with the Dubai International Finance Center (DIFC).

FinTech Aviv was established in 2014 and has since grown to count more than 40,000 individuals as members. Operating at the heart of Israel’s FinTech space, FinTecg is helping to shape the “Startup Nation’s” financial and technology ecosystem.

Now, FinTech Aviv is taking bold steps to encourage further growth of Israeli FinTech. Following the signing of the historic Abraham Accords in 2020, which normalized relations between Israel and the United Arab Emirates, the association has sought to increase export opportunities for Israeli FinTechs in the Gulf and beyond. The MOU with DIFC will help both Israel and the UAE to further collaborate in FinTech innovation and offer exciting opportunities to companies resident in both Tel Aviv and Dubai.

Nir Netzer, chairman of the board, said: “In this unprecedented time of new economic and political order in the Middle East, we are honored to strengthen our relationships and partner network in the Gulf Cooperation Council (GCC) region and to expand this unique collaboration with the DIFC to facilitate the export of Israeli technology to new markets.

“The FinTech Aviv community, and its more than 40,000 Israeli and worldwide members, proudly hold the torch of this exciting initiative and are humbled to lead Israeli FinTech companies towards the exploration of new horizons with new business partners.”