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JoPACC and Rainmaking launch JOIN Fincubator in Jordan

By Leandra Monteiro

May 12, 2023

  • Clearing
  • FinTech
  • FinTech incubator

JoPACC The Jordan Payments and Clearing Company (JoPACC) and Rainmaking Innovation have signed an agreement to mark the onset of JoPACC’s newly established FinTech incubator, JOIN Fincubator.

This will support the development and endeavours of FinTech ideas and start-ups in the Jordanian ecosystem. The agreement comes as a part of a long-term vision of Rainmaking to unleash perpetual entrepreneurship in Jordan and the MENA region and constitute corporate innovation and startup-corporate partnerships.

In collaboration with Rainmaking, JOIN’s platforms, infrastructure, mentors, and partners will establish an ecosystem through which corporations’ startups and financial institutions can receive adequate resources and industry expertise. Its channels can be used for networking, relationship building, partnership formation, transfer programs, conferences, and events.

Rainmaking, MENA CEO, Ibrahim Seksek said, “This collaboration with JoPACC is a testament to Startupbootcamp’s (a Rainmaking company) expertise in fintech and our commitment to fostering entrepreneurship in the Jordanian ecosystem. We believe that JOIN Fincubator will be a key driver of innovation and growth in Jordan and the broader MENA region’s digital economy.”

Maha Bahou, CEO of JoPACC, stressed the critical role Rainmaking will play in supporting the creation, acceleration, and expansion of new FinTech businesses at JOIN Fincubator, and emphasised the valuable exposure that JOIN’s cohorts will gain from Startupbootcamp’s global network of experts, startups, and entrepreneurs.

JoPACC is a private shareholding company owned by the Central Bank of Jordan and all operating banks within the country. In addition to developing and operating several payment systems and digital platforms within the Kingdom, JoPACC develops innovative digital financial solutions and produces and disseminates knowledge and business analytics in the financial sector to raise awareness and enhance financial inclusion in Jordan.

JOIN Fincubator, a FinTech incubator, provides entrepreneurs and innovators with access to infrastructure, a sandbox, and specialized systems that enable them to test and refine their FinTech products and services.

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