Beating Heart of MENA’s FinTech Scene
Bahrain FinTech Bay is dedicated to enabling, fostering and ultimately building a complete FinTech ecosystem. In our first year of launch in 2018 we were internationally recognized as the “MENA FinTech Hub of the Year”. We have also partnered with governmental bodies, financial institutions, corporates, consultancies, universities, associations, and startups to bring the full spectrum of stakeholders together. We champion the region’s most cutting-edge FinTech companies and promising entrepreneurs. Our co-working space is home to a vibrant FinTech ecosystem, strategically located to be the ideal platform to base your regional headquarters. Here is how you can benefit by becoming a resident in the heart of MENA’s FinTech ecosystem.
1. Expand your business horizons through our prominent global network of partners Our platform enables the interaction and engagement between all FinTech stakeholders to further market intelligence, partnership creation and the development of global FinTech ecosystems. Our sister hubs in Singapore, San Francisco and Detroit are your gateway to a world of limitless business opportunities. You will gain exclusive access to our international co-working spaces for client meetings, workshops, events and incubation. You will access a diverse FinTech talent pool through our network of educational institutions and academies.
2. The aligned and agile ‘Team Bahrain’ approach will seamlessly get your business up and running The Team Bahrain approach was created as part of Bahrain’s forward-looking government’s partnership with the private sector to provide tailored solutions for investors and entrepreneurs looking to ground their activities in the Kingdom. Whether you are a startup or a multi-national company, the ‘Team Bahrain’ approach will have you up and running in no time. In addition, our dedicated Bahrain FinTech Bay’s team delivers a world-class service, prepared to assist you in your day to day business operations. One of our first residents Pikcio, is a Swiss headquartered company leveraging blockchain technology to provide companies with a platform for single identity customer experience that includes seamless registration, authentication and consent management. Isabelle Akel the Chief Financial Officer of Pikcio said: “We believe that the Bahrain FinTech Bay team are very helpful in both establishing our company and building relationships with potential partners and customers. It is a pleasure arriving every morning at the office with a warm reception from the Bahrain FinTech Bay team. The team is always there to support us with any issues we face and that helped us to fully dedicate ourselves to our own work without having to go through the hassle of managing office-related issues,” she added.
3. A business-friendly environment tailored to your needs No-free zone restrictions, 100% of foreign business ownership and average operating costs being 30% less than regional neighbors mean lower barriers to set up and scale whilst being supported through our dynamic regulatory framework. Our resident, Rain Financial is a cryptocurrency exchange platform, available on both iOS and Android, offering a convenient and easy way to buy and sell cryptocurrency in the Middle East at a competitive price. Rain is now the first fully-regulated crypto assets services company in the MENA region. Joseph Dallago, co-founder and CEO of Rain Financial said “Bahrain has been very progressive, with the new regulations specifically issued for the cryptocurrency industry. We received an incredible reception at the start of 2017, where our meeting with the Central Bank of Bahrain (CBB) ended up being with 26 of the highest ranking of Senior Executives in the CBB that lasted for three hours. We received great support from the country and the ecosystem as a whole, and it’s been very favorable to us from a regulatory standpoint. Bahrain is truly one of the first cryptofriendly jurisdictions in the world.”
4. Exclusive access to our global FinTech conferences, events and workshops Access our exclusive, well-curated conferences and events throughout the year. Gain valuable insights presented by prominent global speakers in FinTech, RegTech, InsurTech, Open Banking, and Blockchain. Separately, you will gain access to insightful workshops hosted by our partners at Bahrain FinTech Bay’s vibrant co-working space. Experience unique networking opportunities and meet-ups with our local and global attendees comprising of regulators, financial institutions, educational bodies, investors, incubators and accelerators, tech companies, startups, legal professionals and media.
5. Business origination and endless networking opportunities We take pride in our residents and partners by highlighting what they do and maximizing their market exposure. We let you leverage our highly interactive digital platforms with over 16,000+ following, or simply by bringing business opportunities right to your desk. Besides key attendees of our events, hackathons and workshops, our space is buzzing with prominent regional and global entrepreneurs and clients exploring the bay. Dallago told us “Bahrain FinTech Bay provides an exceptional space to work in, host meetings, bring clients or even potential employees. The amount of relationships and social experiences we built by being in the office is something important to us. We faced a problem on a given week that was solved simply by meeting the right person at the right time, and that was just by being present at Bahrain FinTech Bay,” he added. In the past year, we hosted royal visits welcoming Bahrain’s Crown Prince HRH Shaikh Salman Bin Hamad Al Khalifa; Prince Andrew, Duke of York, and HRH Crown Prince Al-Hussein bin Abdullah II of Jordan. Both our residents and partners received national media exposure on a regional and global scale. Rsquare, Technologies W.L.L. is a Bahrain based IT innovative software company, with over 400 clients, providing innovative solutions and technical expertise for meeting the demanding needs of current businesses in Bahrain. Shanthini Raja, Chairperson and CEO of Rsquare technologies said, “Rsqaure was highly recognized as a FinTech company through the amount of exposure we received by becoming a resident at Bahrain FinTech Bay. Bahrain FinTech Bay has become one of the most important tech destinations to all investors, delegates, and financial heads, which opened great exposure and opportunities for Rsquare and its FinTech products. We would like to thank Khalid Saad and the dynamic Bahrain FinTech Bay team for their tremendous support.”
6. A fully equipped bespoke coworking space ready to fulfill your company’s needs Operate in a state-of-the-art, fully equipped co-working space dedicated exclusively to FinTech innovation, designed to meet your corporate goals and initiatives. With key office neighbors like the Bahrain Economic Development Board (EDB), the Central Bank of Bahrain (CBB), and Amazon Web Services (AWS) a few steps out of our door. Our co-working space is strategically based to fast-track and meet your company’s needs, whether you are looking to host meetings with clients, launching your next FinTech product, or simply looking to connect with our diverse pool of 40 regional and global FinTech startups for cross-business collaboration opportunities.
Facilities you will gain access to:
- 24/7 access to our co-working space
- Communal lounge for ideation
- Event space (170 seating capacity)
- Acoustic soundproof pod
- Printing & mailing facilities
- Breathtaking panoramic sea view
- Subscription at a discounted rate on digital tools including but not limited to: Foundersuite, Carta, Gusto, Hubspot, and Zoom, in addition to free AWS credit hours
- Strategically located in Bahrain Bay, a luxurious ultra-modern, waterfront real estate development area, within five minutes drive to the Avenues Shopping Mall and ten minutes drive to the airport
- Three modern meeting rooms fully equipped with state-of-theart audio-visual technology
- End-to-end company registration support
- Locker room
- Ultra-fast wi-fi connection
Who’s already here?
We are proud to be home to 40 of the most innovative FinTech companies in MENA from diverse fields including Big Data, Cryptocurrency Exchanges and Crypto Assets, Robo advisor, Payments, Crowdfunding, A.I, InsurTech, Blockchain, and more. Additionally, half of the companies in the Central Bank of Bahrain’s regulatory sandbox are based in Bahrain
FinTech Bay.
Explore our variety of desks and offices with flexible pricing plans today and become part of the region’s vibrant FinTech ecosystem.
www.bahrainfintechbay.com/plans