PayPal joins forces with Ignyte to support UAE startups
PayPal has joined forces with Ignyte, a global digital platform dedicated to empowering startups and small businesses. PayPal aims to simplify payment management and facilitate cross-border expansion in the digital economy.
This strategic partnership aligns with PayPal’s commitment to driving entrepreneurship and innovation across the UAE and the broader Middle East. Ignyte, launched in October 2024 as part of the Dubai Digital Economy Strategy, is a global startup ecosystem inspired by the vision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
As a dynamic digital hub, Ignyte connects founders with leading mentors, investors, and access to over 250 exclusive perks from industry leaders. Its mission is to revolutionize the startup landscape and position the region as a global center for innovation and business growth.
“The UAE is rapidly cementing its status as a global tech powerhouse, driven by innovation, ambition, and a world-class business ecosystem. At PayPal, we are committed to turbocharging startups and SMBs, empowering them to thrive in today’s digital economy,” said Otto Williams, Senior Vice President, Regional Head and General Manager, Middle East and Africa at PayPal. “Our partnership with Ignyte reflects this commitment, helping entrepreneurs in the UAE and beyond seamlessly scale their businesses across borders. By combining PayPal’s world-class cross-border payment solutions with Ignyte’s dynamic ecosystem, we’re unlocking new pathways for growth, investment, and success.”
“Dubai is fast becoming a global epicenter for entrepreneurship and digital innovation,” said Mohammad Alblooshi, CEO of DIFC Innovation Hub. “Ignyte is at the heart of this transformation, and our collaboration with PayPal strengthens our ability to provide startups with the essential tools they need to grow, attract investment, and compete on the global stage. Together, we are fostering an ecosystem where bold ideas meet boundless opportunities.”
The initiative seeks to empower 100,000 startups by providing the essential support needed to scale their businesses globally. Through its partnership with PayPal, Ignyte will strengthen its mission to offer startups seamless access to cross-border payments, expert guidance, and scalable solutions.
