AB Accelerator
Investment Details
Investor Type
Other
Asset Class Focus
Venture Capital
Stage Focus
Seed, Series A
Geographical Focus
United States, United Kingdom, Germany, Australia, Singapore, China, India, France, United Arab Emirates, Indonesia, Saudi Arabia, Qatar, Kuwait, Oman, Egypt, Lebanon, Bahrain, Turkey, Jordan, Malaysia
Industries Focus
- HealthTech
- EdTech
- FinTech
- E-commerce
- Logistics
- Artificial Intelligence
- Blockchain
- AgriTech
- InsurTech
- Cybersecurity
- Machine Learning
- Cloud Computing
- Proptech
- Supply Chain
- Big Data
- Internet of Things
- Financial Inclusion
- Digital Banking
- RegTech
- Digital Payments
Investment Size:
500,000 to 5,000,000 USD
Investor Details Founded: 2018
AB Accelerator, also known as AB Xelerate, is a corporate accelerator powered by Arab Bank, established in 2018 as a core unit within the bank's Innovation Department. The accelerator focuses on partnering with early-stage, technology-driven startups that offer innovative solutions capable of disrupting or expanding the financial services industry. By leveraging Arab Bank's extensive customer base and network across the MENA region, AB Xelerate aims to integrate these innovative financial solutions into the bank's value chain, enhancing customer service and business processes.
The accelerator's investment strategy is centered on sectors such as FinTech, InsurTech, RegTech, PropTech, HealthTech, EdTech, AgriTech, E-commerce, Logistics, Supply Chain, Cybersecurity, Blockchain, Artificial Intelligence, Machine Learning, Big Data, Cloud Computing, Internet of Things, Digital Payments, Digital Banking, and Financial Inclusion. AB Xelerate primarily invests in early-stage startups, focusing on Seed and Series A funding stages. The geographical focus includes countries within the MENA region, as well as select international markets, aiming to support startups with the potential to scale and become enterprise-ready.
AB Xelerate's track record includes investments in various startups, with a portfolio size of 8 companies. The accelerator provides funding ranging from $500,000 to $5,000,000, depending on the startup's needs and growth potential. By offering capital, mentorship, and access to Arab Bank's resources, AB Xelerate seeks to foster innovation and drive the digital transformation of financial services in the MENA region and beyond.
Requirements
- Early-stage technology-driven startups
- Innovative solutions in financial services
- Potential to disrupt or expand the financial services industry
- Ability to integrate into Arab Bank's value chain
- Scalability and enterprise-readiness
Contact
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Portfolio Companies
- Tabby
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