FinTech Aviv signs MoU with DIFC to build Israel-UAE relations

By Leandra Monteiro

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

FinTech Aviv was established in 2014 and, since then, has grown to count more than 40,000 individuals as members. The FinTecg operates at the heart of Israel’s FinTech space and helps shape the ‘Startup Nation’s’ finance 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 normalised relations between Israel and the UAE, the association has sought to boost export opportunities for Israeli FinTechs in the Gulf and beyond. The MOU with DIFC will help both Israel and the UAE collaborate further in FinTech innovation and offer exciting opportunities to companies residing in both Tel Aviv and Dubai.

Nir Netzer, Chairman, said, “In this unprecedented time of new economic and political order in the Middle East, we are honoured to strengthen our relationships and partners network in the Gulf Cooperation Council (GCC) region and to extend this unique collaboration with DIFC in order to facilitate the export of Israeli technologies 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 be leading Israeli FinTech companies towards the exploration of new horizons with new business partners.”