Dubai-based gold loan startup Dhahaby has won the Financial Inclusion and Digital Payments Challenge, securing a $10,000 prize. The competition was hosted by Ignyte, Dubai’s digital startup ecosystem platform, in partnership with IT Park Uzbekistan.
The challenge was designed to identify and support scalable FinTech solutions that accelerate financial inclusion and access to digital payments for all citizens.
A Standout Solution For Financial Access
Dhahaby’s solution was recognized by the judges for its innovative approach to making finance more accessible and inclusive for both everyday individuals and small businesses. The company specializes in turning gold assets into immediate financial solutions through a secure, digital platform.
The win highlights the growing importance of FinTech solutions that leverage existing assets to provide liquidity and empower financial stability.
About Dhahaby
Founded in 2024, Dhahaby is a financial services company based in Dubai, UAE. Its mission is to empower financial stability by enabling individuals and businesses to unlock the full potential of their gold assets. The company provides secure, convenient, and transparent access to cash flow through unique gold loan services, accessible via a fast and reliable digital platform.
About Ignyte
Ignyte is a Dubai-based global startup ecosystem platform. A key initiative under the Dubai Digital Economy Mandate, Ignyte is designed to connect founders with investors, mentors, and corporate partners. The platform provides comprehensive support for every stage of a startup’s journey, from funding and talent acquisition to mentorship and market access, including hosting innovation challenges to accelerate growth.
Source: LinkedIn
