Qatar generates home-grown start-up success stories

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Qatar generates home-grown start-up success stories

 

In order to achieve its goal of being a centre for sustainable innovation by 2030, Qatar is giving special attention to the development of a start-up ecosystem.


The backing of important stakeholders, such as Qatar Development Bank (QDB), among many others, is helping a number of locally based start-ups and scale-ups.


KARTY, a FinTech platform that enables users to spend, save, and manage their funds in a single application, is one of these success stories. The start-up, which is situated in Msheireb, has raised QAR 4.3 million (USD 1.2 million) in a pre-seed round from a variety of investors, including angel investors based in Qatar and Visa, QDB, and QF. By utilizing cutting-edge technology and transaction data, KARTY seeks to revolutionize everyday banking experiences.

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