Beban W.L.L. receives Central Bank of Bahrain license for Crowdfunding activities

Beban W.L.L. receives Central Bank of Bahrain license for Crowdfunding activities

Beban W.L.L., a wholly owned subsidiary of Hope Ventures, receives the Central Bank of Bahrain (CBB) license for crowdfunding activities, with the mandate to ease access to funding for businesses and empower investment in equity-based opportunities.

The company’s mission is to empower investment in promising businesses through the provision of a platform for entrepreneurs to secure investment and business opportunities, shedding light on scalable businesses, raising awareness, and educating the public on crowdfunding.

Beban Crowdfunding comes timely alongside the airing of its entrepreneurship-themed reality TV show, ‘Beban’, which will allow retail and accredited investors to invest beside reputable investors from the show in businesses they believe in.

The introduction of the crowdfunding platform makes Beban TV show the first interactive reality TV show in the world with a crowdfunding element to it. The platform aims to enable a wider range of investor participation, while simultaneously allowing entrepreneurs to have access to a wider network of investors.

Being an equity crowdfunding platform means that investors will be able to access opportunities and invest in them, with minimal ticket sizes.

Commenting on this occasion, H.E. Aymen bin Tawfiq Almoayyed, Chairman of Beban shared: “We thank His Highness Shaikh Nasser bin Hamad Al Khalifa, representative of His Majesty