AB Xelerate

AB Accelerator is an initiative based in Amman, Jordan, powered by Arab Bank, aimed at fostering innovation in the financial services sector across the MENA region. The accelerator partners with FinTech startups globally, focusing on transforming various aspects of financial services, including business processes, customer relationships, and financial infrastructure. By investing in these companies, AB Accelerator reinforces Arab Bank's commitment to leveraging technology and innovation to advance the financial landscape and address emerging challenges in the industry.

Hala Zahran

Managing Partner

7 past transactions

MoneyHash

Seed Round in 2025
MoneyHash streamlines payment processes for businesses by offering a unified API that integrates various pay-in and pay-out rails. It provides a customizable checkout experience, optimizes transaction routing to minimize fraud failures, and offers centralized reporting.

Cartona

Series A in 2022
Cartona is a B2B e-commerce marketplace that connects buyers and sellers across the supply chain. It directly connects retailers with suppliers, wholesalers, and producing companies. The platform enables retailers to browse, compare, and order their merchandise, saving time, money, and effort in their daily operations.

Khazna

Series A in 2022
Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.

Clink.Me

Series B in 2021
Clink is a technology company that transforms any WiFi-enabled venue into a social network, facilitating connections among patrons and enhancing their interaction with the venue. Founded in April 2012 by Scott Horn, the idea originated while he was managing a nightclub, aiming to create a platform for individuals to connect with others in various locations. Clink distinguishes itself by allowing users to check in at venues, providing personalized advertising based on their preferences and enabling communication among attendees. The application was developed in collaboration with Richard Abel and launched in its first nightclub shortly after its initial release on Android. Clink's ongoing evolution includes plans for an iOS version, further expanding its reach within the nightlife and entertainment industry.

InvestSuite

Seed Round in 2020
InvestSuite is a fintech company that specializes in providing white-label solutions aimed at modernizing and expanding the wealth management offerings of financial institutions. Operating strictly in the B2B space, InvestSuite employs a team of seasoned experts in areas such as artificial intelligence, machine learning, design, and human insights. The firm develops investment applications that facilitate client retention for financial institutions, offering modular robo-advisory solutions and self-execution trading platforms. These products enable clients to launch their own wealth management services quickly and cost-effectively, without the need for significant capital investments. Through its innovative approach, InvestSuite addresses the evolving expectations of customers and leverages technological advancements to create substantial growth opportunities within the financial services ecosystem.

Hala

Seed Round in 2020
Addenda LTD, established in 2018 and headquartered in Dubai, United Arab Emirates, specializes in providing blockchain-based distributed ledger technology (DLT) services to the insurance industry. The company streamlines insurance processes, enables real-time task reporting, and securely records claim and policy data onto the blockchain for enhanced transparency and security. Additionally, Addenda offers data input validation and analysis services. In 2020, Addenda launched Hala Insurance, an insurtech startup aiming to provide affordable, quick, and online car and home insurance to the 500 million people living in the Middle East and North Africa (MENA) region, thereby disrupting the traditional insurance industry.

Seclytics

Seed Round in 2020
Seclytics offers a predictive cyber threat intelligence platform that monitors internet infrastructure changes, flags suspicious activities, and predicts future attacks with high accuracy. Founded in 2014, it's headquartered in La Jolla, California.
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