Al Waha Fund Of Funds And Hambro Perks Launch A Fintech Venture Studio In Manama

Al Waha Fund Of Funds And Hambro Perks Launch A Fintech Venture Studio In Manama

Bahrain Development Bank's Al Waha Fund of Funds and international investment firm Hambro Perks have announced the launch of HP Spring Studios, billed as the MENA region's first fintech venture studio.

Based out Manama, Bahrain, HP Spring Studios will both co-found and invest directly into next generation fintech startups. It will focus on attracting highly skilled international talent and also on training local talent through upskilling, internships, and educational initiatives in partnership with local institutions.

Areije Al Shakar, Director and Fund Manager at Al Waha, expects that both local and international entrepreneurs will benefit from a fintech friendly regulatory environment in Bahrain and its close relationships with the Central Bank of Bahrain and Bahrain Economic Development Board.