Financial Technology (Fintech) Sector Development

Financial Technology (Fintech) Sector Development is sponsored by Department of State. This funding opportunity seeks to advance the Department of State's strategic objective of promoting increased employment, economic growth, and U. S.

economic and commercial engagement through a focus on the development of the region's financial technology (Fintech) sector.

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gov Maintenance Calendar Promoting Fintech Sector in MENA Document Type:Grants Notice Funding Opportunity Number:SFOP0005694 Funding Opportunity Title:Promoting Fintech Sector in MENA Opportunity Category:Discretionary Opportunity Category Explanation: Funding Instrument Type:Cooperative Agreement Category of Funding Activity:Business and Commerce Expected Number of Awards:2 Assistance Listings:19.

500 -- Middle East Partnership Initiative Cost Sharing or Matching Requirement:Yes Last Updated Date:Mar 21, 2024 Original Closing Date for Applications:May 20, 2019 Current Closing Date for Applications:May 23, 2019 Estimated Total Program Funding:$ 1,000,000 Eligible Applicants:Others (see text field entitled "Additional Information on Eligibility" for clarification) Additional Information on Eligibility:U.S. or foreign: -Non-profit organizations; -For-profit organizations; or -Small businesses with functional and regional experience in the areas of technology and Fintech.

## Additional Information Agency Name:Assistance Coordination Description:Aligned with the Department of State's regional strategic objective of promoting increased employment, economic growth and U.S. economic and commercial engagement, this funding opportunity seeks to advance this strategic objective through a focus on development of the region's financial technology (Fintech) sector.

The initiatives supported under this opportunity will promote the Fintech industry through partnerships, technical assistance, and joint ventures with the private sector from the United States and other regions.

Initiatives will encourage the formalization of Fintech enterprises, develop and implement business strategies and models for economic growth, and enhance the development of the entrepreneurial ecosystem for Fintech in the region.

Through this funding opportunity, NEA/AC seeks to develop this emerging market and promote U.S. economic interests by encouraging the U.S. private sector to both invest in and facilitate partnerships in the Fintech sector in the MENA region.

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