Inovat wins FAB forward Fintech Challenge , run by First Abu Dhabi Bank and Mastercard
The winner received a cash prize of $100,000, the opportunity to work on a proof of concept with the bank as well as exposure to banking leaders, venture capital and potential investment partners
Abu Dhabi, UAE; 15 July 2025: ‘Inovat’, a digital solution that offers a seamless, fully digital value-added tax (VAT) refund experience for travellers to save them money on shopping abroad, has emerged as the winner of the second edition of the FAB forward Fintech Challenge. This collaborative initiative between Mastercard and First Abu Dhabi Bank (FAB) aims to foster fintech innovation in the UAE.
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