NOW Money, The UAE’s new remittance app, has won the Best Start-Up for CEO Katharine Budd’s pitch at the prestigious Global Women in STEM awards.
The awards, which took place at Crowne Plaza Hotel, Dubai, on 25 October, are in their 3‘rd year. NOW Money’s Katharine Budd was up against seven other companies with female founders on the team, and won the award based on the strength of NOW Money’s business plan and their potential to build an ecosystem of innovation.
Katharine Budd, the company’s CEO and Co-founder, said: “This award means so much to us. Not only because it’s our first, but because it’s wonderful to see that our vision is coming to life and we’re being recognised for what we’re doing. We were inspired to create the app by Dubai’s 2021 plan – we want to help the country work towards that vision and lead the way for financial inclusion.”
NOW Money uses mobile banking technology to provide accounts, financial inclusion and a range of low-cost remittance options to low-income migrant workers in the Gulf Cooperation Council (‘GCC’) countries, improving their lives and saving them and their families significant money, in a profitable and sustainable manner.