Fintech ventures: Bahrain Raise $100m

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fintech-ventures-bahrain-raise-100m

Fintech ventures: Bahrain Raise $100m

  • To boost the Fintech sector Bahrain raised $100 million fund
  • Private sector raised the fund and would be complementary to existing $100m fund of Bahrain Development Bank
  • Help private companies and start-ups develop Fintech products in the country
  • Economic Development Board (EDB) of Bahrain¬†founded Bahrain Fintech Bay, a plug and play hub in partnership with Singapore based Fintech Consortium
  • Focus on Fintech regulation and innovation central bank set up a separate division and also introduced equity based crowd funding regulations