Middle East

High-tech entrepreneurs say Qatar’s start-ups are doing well in 2021 in the face of turmoil and pandemics.

* Confusion, Covid-19 challenges are driving the growth of Qatar startup ideas, tech entrepreneurs say

According to Doha-based tech entrepreneurs, Qatar start-ups performed well in 2021 amid the turmoil and challenges posed by the Covid-19 pandemic.
Overall, 2021 was a great year for both Qatar’s fellow tech startups and the country’s startup ecosystem, “said Michael Javier, CEO and founder of CWallet. Gulf Times Sunday.
“I think the hype in the region has tripled the number of startup ideas and increased the number of founders applying for different incubation centers. It’s also the first angel investor in the waters. It led to more desire to test, “he said.
There wasn’t much turmoil from Qatar start-ups, but Javier said the use of e-commerce and distribution platforms has increased the user base.
“The user base of startups is growing, and I believe that 2021 will be the catalyst for the revolution and the country can expect more this year,” Javier added.
According to Javier, 2020 and 2021 provided Qatar startups with a wealth of experience in fine-tuning their services and adapting to the situation, increasing opportunities to meet the needs of this year’s market.
“The last two years have been the learning curve for the majority of startups, including CWallet and other fintech and” edtech “startups. It was also the year of establishing core businesses and partnerships with various industry players at home and abroad.
“This time, it’s all about increasing sales and getting customers at all costs. I think 2022 is the year of“ Series A ”for local Qatar startups. This means that the opportunity to raise money will be achievable, “Haviel emphasized.
This learning curve and other experiences will play an important role in this year’s business operations, especially as Qatar hosts the 2022 FIFA World Cup, which opens up many potential opportunities to do business. Was emphasized.
“There are many opportunities this year, and early mistakes, learning, and experience from startups can allow startups to diversify or pivot how their business model works, especially how to leverage the upcoming FIFA World Cup,” Javier said. Mr. says.
Asked for forecasts for 2022 tech startups, Qatar’s startup sector, and future sector performance, Javier said: More international players are coming and trying to buy local startups as well. I think the demand for mobility, “edtech”, and fintech is high. “
Javier said in the first quarter of this year, CWallet will announce key partnerships, including the end of its pre-series A. “In the coming weeks, we will be participating in the Qatar Central Bank’s sandbox program to enhance mobile. A money wallet that provides payment and remittance services.”
“In addition, for the first week of February 2022, we plan to realize” CShop Web, “one of the largest digital marketplaces in the region. We also aim to penetrate the GCC and the Asian region and provide a variety of services for expatriates by the end of the third quarter, “said Javier.



http://www.gulf-times.com/story/707664/Qatar-startups-perform-well-in-2021-amid-disruptio High-tech entrepreneurs say Qatar’s start-ups are doing well in 2021 in the face of turmoil and pandemics.

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