Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Al Waha Fund, managed by Bahrain Development Bank, and international investment firm Hambro Perks have announced the launch of HP Spring Studios. The fintech venture studio will be based out of its new headquarters in Manama, Bahrain. The studio will both co-found and invest directly into next-generation fintech startups with top-performing 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 Fund and 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. The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch. HP Spring Studios will not only focus on attracting highly skilled international talent, but also on training local talent through upskilling, internships, and educational initiatives in partnership with local institutions. With the launch of the new studio, Hambro Perks will be an active member of Bahrain’s fintech ecosystem, investing, developing talent, participating in events, and promoting Bahrain as