Al Waha Fund, Hambro Perks launch fintech venture studio

Al Waha Fund, Hambro Perks launch fintech venture studio

Press release:

Al Waha Fund of Funds, managed by Bahrain Development Bank, and international investment firm Hambro Perks have announced the launch of HP Spring Studios, the MENA region’s first fintech venture studio. HP Spring Studios, which will be based out of its new headquarters in Manama, Bahrain, represents a significant boost for MENA’s fintech and startup ecosystem.

The studio will both co-found and invest directly into next-generation fintech startups with exceptional entrepreneurs. An in-house team covering the full capability spectrum across product, engineering, and operations will help accelerate startups towards product/market fit. Startups will work closely with Al Waha & Hambro Perks’ local and global network of private and public institutions, including the National Bank of Bahrain, Mumtalakat, and Batelco, to drive customer traction and secure future funding rounds to exit.