Formerly as “AB Accelerator”. A key pillar in Arab Bank’s digital innovation strategy, AB Xelerate was set up in 2018 as a core unit within the Innovation Department. AB Xelerate demonstrates Arab Bank’s commitment to harness innovation and financial technology, which are swiftly pushing financial services to a new frontier. AB Xelerate leverages Arab Bank’s customer base and network across MENA and integrates innovative financial solutions into its value chain to re-imagine and improve the way it serves its customers. AB Xelerate invests globally in early-stage technology-driven startups, whose business model provides innovation that can disrupt or expand the financial services industry. We’re looking to partner with startups whose value proposition has the potential to improve our business processes, our customer relationships, and our infrastructure.
Location: Jordan, Al Balqa
Employees: 11-50
Founded date: 2018
Investment Type: Venture Capital; Accelerator
Investment Stage: Pre-Seed; Seed; Series A
Portfolio 8
Date | Name | Website | Total Raised | Location |
10.11.2023 | CARTONA | cartona.co... | $16.5M | Lebanon, M... |
- | SecLytics | seclytics.... | - | United Sta... |
- | InvestSuit... | investsuit... | $11.82M | Australia,... |
- | Khazna - خ... | khazna.app | $38M | Egypt, Cai... |
- | Tabby | تا... | tabby.ai | $1.24B | United Ara... |
- | OptioPay | optiopay.c... | $7.88M | Germany, B... |
- | GetBaraka | getbaraka.... | $20M | United Ara... |
- | Hala هلا... | joinhala.c... | $7.2M | United Ara... |
Persons 7
Date | First Name | Last Name | Title | Location | |||
- | Aboud | Rashad | Innovation... | linkedin.c... | - | - | - |
- | Hani | Dabit | Marketing ... | linkedin.c... | - | - | - |
- | Eric | Modave | Chief Oper... | linkedin.c... | - | - | - |
- | Hala | Zahran | Lead of AB... | linkedin.c... | - | - | - |
- | Ahmad | Kalha | Innovation... | linkedin.c... | - | - | - |
- | Rawan | Khoury | Innovation... | linkedin.c... | - | - | - |
- | Abdelatif | Nasser-Edd... | Innovation... | linkedin.c... | - | - | - |
Mentions in press and media 1
Date | Title | Description | Source |
26.02.2020 | AB Accelerator backs blockchain startup Addenda | Addenda Addenda Founded: 2018 Headquarters: Dubai, United Arab Emirates Total Funding: $1.8M See ful... | coverager.... |