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Fintech Business Professionals from Qatar and Bangladesh Touch upon Newest Initiatives to Help SMEs, Diversify Economies

Fintech business consultants from Qatar and Bangladesh not too long ago talked about potential alternatives within the monetary companies sector throughout a webinar. 

Bangladesh Discussion board Qatar (BFQ) had organized the webinar on “An Exploration of the Qatar – Bangladesh Startup and Fintech Alternatives” together with help from the Embassy of Bangladesh in Qatar, the Qatar Monetary Centre (QFC), the Qatar Growth Financial institution (QDB) and the Qatar Fintech Hub. 

The occasion was attended by Bangladesh Ambassador to Qatar Md. Jashim Uddin; CEO of QFC, Yousuf Mohamed Al Jaida; Mashfee Binte Shams – Secretary (West) Ministry of International Affairs – Bangladesh and lots of different monetary companies business professionals. 

Mashfee Binte Shams has reportedly dedicated to providing full help for any investor from Qatar to work on tasks involving Bangladesh.

Md. Jashim Uddin renewed the dedication of the Bangladesh Embassy to increase help to all BFQ-related tasks. He additionally talked about that they proceed to give attention to bettering the financial relations between the 2 nations (Qatar and Bangladesh) whereas supporting and inspiring Qatari funding.

Hamad Dashin Al Qahthani famous that Qatar’s curiosity to help the SME ecosystem stays sturdy and that the Fintech sector might assist small companies because the nation focuses on additional diversifying its economic system. 

He additionally confirmed that selling modern digital applied sciences is a key focus space for QDB. The group additionally goals to encourage startups from Bangladesh to get extra concerned and related through QDB’s startup incubation program.

Munera Fahad Al Dosari, CSO, added that the demand for brand spanking new expertise required in Qatar could also be addressed by working with certified Bangladeshi professionals who would be capable of present their helpful experience. 

Mohammed Al Emadi, Head of Angel Funding, QDB, mentioned they’d be growing the help prolonged to startups from Bangladesh.

Shihab Ahmed, Chief Industrial Officer, Robi Axiata Bangladesh, said that the startup ecosystem in Bangladesh continues to increase and is supported by a big freelancer neighborhood.

As reported earlier this yr, Qatar primarily based Fintech agency CWallet, which can provide payroll and remittance funds choices, had secured $220,000 in pre-seed funding.

As coated in December 2020, the US and Qatar enterprise initiatives are actually valued at round $200 billion, and are being supported by good metropolis tasks, Fintech, and different digital applied sciences.

As reported final yr, certified Fintech corporations concerned about establishing operations on the Qatar Monetary Centre might save as a lot as $10,000.