Source: Beirut Digital District Blog
This May, StartechEUS FinHub is set to open its doors in the Beirut Digital District, as the first FinTech hub in the Levant. The StartechEUS FinHub will play an integral role in accelerating the growth of carefully chosen FinTech companies, by providing substantial support, mentorship, access to market and seed funding, ranging from USD100k up to USD2M in series A tickets per company.
Led by successful serial entrepreneurs and financial and technology experts with an extensive international track record, StartechEUS FinHub will deliver innovative solutions to FinTech companies, from the concept stage, while assisting and mentoring them throughout their entire life cycle, leading to a successful exit in international commercialization.
“We believe that industry focus is central to achieving the best results. We will be operating at the intersection of Innovative Technology and Financial Services with a vision to empower the digital, artificial intelligence and blockchain fields,” shared Alexandre Harkous, Managing Partner of StartechEUS.
StartechEUS FinHub has been founded on four main pillars, to serve as a one-stop-shop for entrepreneurs providing them with funding, state-of-the-art Fintech office space, market research and relevant trainings delivered by domain experts through StartechEUS Technology Academy. The FinHub will also provide access to markets, with focus on Europe and the United States, made possible through the partnership with the Lebanese International Finance Executives (LIFE), comprised of a 1,000 strong global network of senior leaders in all areas of finance.
The areas of focus will include:
StartechEUS FinHub is considered the value creation engine within StartechEUS, providing the insight, connections and diligence needed to unlock and accelerate value for our portfolio companies and partners.
STARTECHEUS TECHNOLOGY ACADEMY:
Entrepreneurs will be provided with up-to-date focused training sessions from industry experts, corporate leaders and academic partners in order to transfer some of the best practices, tools, and resources available out there for our startups to develop and scale in such a competitive global market.
"Through leveraging our Tech experience and knowledge together with the support and contribution of our partners, we aim to provide our entrepreneurs with selective focused trainings that match their needs and strengthen their technical skills so that they can transform their innovative ideas into reality,” says Nizar Ajeeb, Chief Technology Officer of StartechEUS.
STARTECHEUS FINNOVATION FUND:
StartechEUS will invest both directly and indirectly in fintech start-ups, nurture and monitor their portfolio of companies and create value for LPs Private and institutional Funding capacity.
“Through our unparalleled pipeline sourcing capabilities and due diligence screening, we aim at selecting the best in class disruptive fintech players to invest in and help in achieving returns, as well as co-investing alongside some of the top fintech VC names in the world,” says Karl Naïm, Chief Investment Officer and Partner of StartechEUS.
STARTECHEUS GOVERNANCE MANAGEMENT:
StartechEUS’s Governance Management framework has vast experience and a diverse skillset in digital entrepreneurship, the financial services industry, venture capital and management consulting. Driven by curiosity, the team will support the creation of innovative fintech business models and develop these ideas into successful companies that have a real impact.