Rising To The Occasion: Meet The Finalists Of Dubai Smartpreneur Competition 4.0

The finalists of the Dubai Smartpreneur Competition 4.0 were selected out of more than 250 smart business ideas submitted this year.
Rising To The Occasion: Meet The Finalists Of Dubai Smartpreneur Competition 4.0
Image credit: Dubai Chamber
2 min read

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

The winners of the Dubai Smartpreneur Competition 4.0, presented by Dubai Startup Hub, the entrepreneurship support arm of Dubai Chamber of Commerce and Industry, and Smart Dubai, were announced during the closing ceremony of Entrepreneur Middle East's Enterprise Agility Forum 2019 in Dubai last month, which gathered business leaders and representatives of Dubai’s entrepreneurial community.

Denarii Cash, a mobile application helping overseas workers to send remittances, has won the competition, while Arabee, an online multi-format Arabic language program, and Xpence, a digital-only intelligent business bank account for startups, came in second and third respectively.

According H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber of Commerce and Industry, the fourth cycle of the Dubai Smartpreneur competition saw a 217% surge in the number of international submissions compared to the previous cycle. Apart from the UAE, the competition attracted smart business concepts related to blockchain, artificial intelligence, and digital transformation from 19 countries in 2019, up from 6 countries in 2018, reflecting Dubai’s increasing attractiveness as an innovation hub and preferred market for international startups.

“Over 1,600 smart business ideas have been submitted to Dubai Smartprenuer competition since its launch, and we continue to see positive changes as the quality and calibre of applications and participants increases with every new cycle,” said H.E. Al Ghurair. “The benefits of participating in this unique programme go far beyond the recognition of winning, and extend to the training, development, mentorship, practical tips and rewarding experience that comes along with the pitching process.”

The Entrepreneur Middle East team talked with some of the finalists of the Fourth Dubai Smartpreneur Competition, who were selected out of more than 250 smart business ideas submitted to Dubai Startup Hub this year.

Jon Edward Santillan, founder, Denarii Cash

Ferakh Lakhany, co-founder, Arabee

Saad Ansari, co-founder and CEO, Xpence

Fadi Elghattis, co-founder, Cyber Accounting Services

Thomas Kohlen, co-founder, Peliere

Sevan Tavitian, founder, Giftrapp

Tarek El Bolbol, founder, Booklava

Arif Abed, co-founder, Monocle

Sunil Sivarajan, co-founder, Simplifai Labs

Nadim Habr, founder, DesignHubz

Related: Dubai's University Free Zones Strategy To Power New Wave Of Student-Lead Innovation And Entrepreneurship In The Emirate

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.