Bahrain FinTech Bay announces Jordanian startup as founding partner

Bahrain FinTech Bay (BFB), the largest Fintech hub in the Middle East & Africa, announced Wednesday, its Founding Partners, which included a Jordanian company.

BFB’s founding partners represent a broad cross-section of local and global financial services and technology industry leaders.

International startups, already set to gain from the partners’ expertise at the fintech co-working hub, include Jordanian startup, Labiba, which was established in 2013, as well as US-based RobustWealth, Offrbox and Sigma Ratings.

BFB, which was launched today in Bahrain, is the region’s largest fintech hub and will work with established industry leaders and new entrants from Bahrain, the region and around the world to drive innovation and create opportunities for growth.

Chief Executive of the Economic Development Board of Bahrain (EDB), Khalid Al Rumaihi, 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 startups and corporates to test and then scale across the region.” BFB will work with its Founding Partners to leverage their combined resources and network to identify, prioritize and address industry-wide challenges and utilize economics of scale to implement solutions that bring innovation that captures the regional opportunity.

Source: Jordan News Agency