NOW Money has won IBM’s SmartCamp competition in Dubai, thanks to Co-founder, Ian Dillon’s successful pitch.
The competition, which took place at the Google Tech Incubator Astrolabs, on December 15, 2016, invites early-stage start-up businesses to pitch and win a place at the World’s largest start-up event, LAUNCH Festival 2017, which will take place in San Francisco, USA, in April 2017.
The award was won based on the strength of NOW’s business model, team, and the cutting-edge technology which is used within the product.
Mr Dillon said: “To be crowned winner of IBM SmartCamp Dubai is such an honour. We were competing against the six best start-ups in the area, so to come out on top is a fantastic achievement for us. We believe strongly that providing the unbanked population of the UAE with accounts will revolutionise the financial system here and empower those who currently are excluded.”
NOW 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.