Amman, August 2024 – AHLI FINTECH, a wholly-owned subsidiary of Jordan Ahli Bank, has announced a strategic partnership with CloudVests, an AWS Advanced Consulting Partner. This collaboration is aimed at strengthening support for fintech startups by providing specialized cloud services, training, and migration support.
The partnership was formalized through a Memorandum of Understanding (MoU), under which AHLI FINTECH and CloudVests will jointly host workshops and training sessions tailored to the unique needs of fintech startups. CloudVests will also offer dedicated cloud architecture and migration support to AHLI FINTECH’s portfolio companies at discounted rates, further enhancing the value proposition for these startups.
The collaboration officially launched with a workshop hosted by AHLI FINTECH, introducing CloudVests to the fintech startups within its portfolio. As part of the initiative, all participating startups will receive a complimentary assessment to identify opportunities for cloud optimization. They will also have the option to continue working with CloudVests at preferential rates exclusive to AHLI FINTECH’s network.
This partnership aligns with AHLI FINTECH’s broader mission to foster growth and innovation within the fintech startup ecosystem. By mobilizing critical resources and forming strategic alliances with essential service providers like CloudVests, AHLI FINTECH continues to empower entrepreneurs and drive the development of Jordan’s fintech landscape.
Jordan Ahli Bank and CloudVests have a history of successful collaboration, most notably in the cloud deployment of Qawn, Jordan’s first-of-its-kind social payment app, which has attracted over 150,000 users. This successful project highlights CloudVests’ expertise in optimizing cloud environments, ensuring cost-effectiveness, and delivering operational excellence for fintech startups.
Commenting on the partnership, Ghassan Muasher, CEO of AHLI FINTECH, said, “We are excited to partner with CloudVests to offer our fintech startups exceptional cloud optimization services. This MoU is a significant step that demonstrates our commitment to nurturing and empowering the growing fintech ecosystem in Jordan. While cloud deployment provides unmatched scalability and flexibility, it also presents challenges for those less familiar with this area. CloudVests is the perfect partner to help our startups streamline their cloud strategies and ensure both cost-effectiveness and operational excellence.”
Moatasem Abdalmahdi, CEO of CloudVests, added, “We are delighted to strengthen our partnership with AHLI FINTECH. This collaboration is a testament to our shared commitment to driving innovation in Jordan’s fintech ecosystem. By providing cutting-edge cloud solutions, we aim to empower startups and accelerate their growth. Together, we are building a thriving digital future.”
AHLI FINTECH supports early to seed-stage fintech startups with up to USD 200,000 in capital, providing access to Jordan Ahli Bank’s customer base, fintech and innovation experts, and open-banking APIs. This support enables startups to validate, deploy, and scale customer-facing solutions rapidly within Jordan and across the MENA region. Through partnerships like this, AHLI FINTECH is working to establish Jordan as a regional hub for fintech innovation.
