FinTech Focus

Technology hub hots up for start-ups

March 14 - 20, 2018
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Gulf Weekly Technology hub hots up for start-ups

Bahrain FinTech Bay (BFB), the largest fintech hub in the Middle East and Africa located in the Arcapita building in Bahrain Bay, aims to drive innovation and create opportunities for growth.

It provides a physical hub to incubate insightful, scalable and impactful fintech initiatives through innovation labs, acceleration programmes, curated activities, educational opportunities and collaborative platforms.

Bahrain FinTech Bay partners with governmental bodies, financial institutions, corporates, consultancy firms, universities, associations, media agencies, venture capital and fintech start-ups to bring the full spectrum of financial market participants and stakeholders together.

Its founding partners represent a broad cross-section of Bahraini and global financial services and technology industry leaders including the National Bank of Bahrain, Payment International Enterprise (PIE), Gulf Finance House, Investcorp, Microsoft and Batelco amongst others.

Khalid Saad, CEO of Bahrain FinTech Bay said: “We are excited to open Bahrain FinTech Bay with the support of our founding partners who represent some of the world and region’s leading financial institutions. With their support, we look forward to facilitating collaboration across borders and between government, corporations and start-ups to accelerate innovation in the financial services sector both here and around the world.”

International start-ups already set to gain from their expertise at the fintech co-working hub include US-based RobustWealth, Offrbox and Sigma Ratings, as well as Jordanian startup, Labiba. 

Khalid Al Rumaihi, chief executive of the Economic Development Board of Bahrain, said: “Bahrain Fintech Bay will play a central role in growing the supportive ecosystem that is necessary for innovation to thrive. 

“The facilitation of co-working and incubation, combined with Bahrain’s regulatory sandbox and focus on opening up access to funding, is creating an ideal environment for start-ups and corporates to test and then scale across the region.”

For more details visit http://www.bahrainfintechbay.com







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