Bahrain FinTech Bay (BFB) and MSA Novo have announced a partnership designed to foster innovation within the fintech landscape. This collaborative venture aims to spark innovation and provide support for budding startups in the industry. Under the partnership, both entities will organize pitching events within the vibrant workspace of Bahrain FinTech Bay. These events will offer portfolio and alumni members the opportunity to present their groundbreaking solutions.
MSA Novo will also take an active role in Bahrain FinTech Bay’s various activities and events, contributing to the holistic growth of the fintech ecosystem. In addition, Bahrain FinTech Bay will offer vital lending advisory services to aid MSA Novo’s portfolio startups in navigating the regulatory landscape, while both organizations will synergize their startup portfolios, extending mentorship and support whenever needed.
Suzy Al Zeerah, COO of Bahrain FinTech Bay, expressed the partnership’s goal: “Through this partnership, Bahrain FinTech Bay aims to create a robust ecosystem for fintech startups, enabling them to connect, learn, and thrive. Our collaboration with MSA Novo aims to showcase the immense potential within our ecosystem.”
Ben Harburg, Partner and Managing Director at MSA Novo, shared his excitement, stating, “We are excited to continue building our strategic partnerships in Bahrain, the home of MSA’s inaugural regional office as Al Waha Fund was one of the first regional investors to believe in MSA’s vision of forging cross border synergies between Asia and the Middle East. Our partnership with Bahrain Fintech Bay will enable us to continue to bring in more Asian mobile-first financial technologies, e-commerce, SaaS, and social platforms into the region and solidify Bahrain as a gateway to the region.”
This partnership is poised to nurture a flourishing fintech ecosystem that promises growth, innovation, and boundless potential.