AB Xelerate, the corporate venture capital and innovation arm of Arab Bank, has successfully wrapped up its third bootcamp, an intensive program focused on startups shaping the future of agentic and conversational AI in the MENA region. The event culminated in a demo day where the winning startups were honored.
A Diverse Cohort of Regional Innovators
The bootcamp welcomed 10 promising regional startups from Jordan, KSA, UAE, Egypt, and Palestine. The participating companies were:
- Wittify.ai
- Veehive
- xBites
- InvoiceMate
- ADSTRA
- vminds.ai
- Qanooni
- Sumeria LTD
- Emboard
- mooj
And the Winners Are…
Following the demo day pitches to a panel that included H.E. Mothanna Gharaibeh and Christopher Dix, three startups were recognized for their outstanding potential:
- Winner: Wittify.ai, founded by Nader El-Batrawi.
- Runner-Up: InvoiceMate.
- Runner-Up: Veehive.
A Pillar of Arab Bank’s Innovation Strategy
Established in 2018, AB Xelerate is a key pillar in Arab Bank’s digital innovation strategy, operating as a corporate VC to partner with and invest in early-stage startups that are disrupting the financial services industry. Powered by Arab Bank’s extensive global network, ABX provides comprehensive support for businesses to scale and become enterprise-ready, fostering the adoption of emerging technology.
