StartechEUS to provide funds and mentorship
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by Lauren Holtmeier June 7, 2019

written by Lauren Holtmeier June 7, 2019

Photo by: Greg Demarque | Executive

Fintech—financial technology— is a buzzword in the entrepreneurship sphere and a fast-growing segment of the financial services industry globally and in the MENA region. In 2018, the fintech sector saw $36.6 billion invested worldwide, a 329 percent increase over a five-year period, according to UK-based non-profit Innovative Finance. Lebanon is no exception—in 2015 the country hosted 14 percent of the region’s fintech startups and was the fourth most-served market by fintech companies, according to the Investment Development Authority of Lebanon (IDAL). Despite this, Lebanon’s nurturing of local fintechs still seems to lag behind the global trend. Those Executive spoke with noted that with a highly skilled local labor force there is potential for launching successful fintech startups here, but entrepreneurs still face challenges, primarily in the form of regulatory hurdles. StartechEUS, a new fintech hub, opened its doors on May 1 in Beirut Digital District (BDD) and hopes to help

Lauren Holtmeier

Lauren is a seasoned journalist and international affairs professional with a strong background in the Middle East. With a Master's in International Affairs and a career spanning roles at renowned media outlets and conducting research at universities and NGOs, She covered major geopolitical events and crises, interviewed multiple CEOs and government officials, and managed editorial teams including an international network of freelancers. Her in-depth research on geopolitical and economic trends have informed nuanced reporting on the region. Making complex subjects accessible is the primary goal of my reporting, which she took care to ground in the practicalities of how economic turbulence affects everyday life.

StartechEUS to provide funds and mentorshipENAR

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StartechEUS to provide funds and mentorship
EN AR