Bahrain FinTech Bay to launch sister companies

Bahrain FinTech Bay (BFB), the largest FinTech hub in the Middle East, is a co-working space established and run with the goal of positioning Bahrain as the regional Fintech hub. It has now announced that it will be opening three “sister platforms” in Detroit, Silicon Valley and Singapore; with the one in Silicon Valley being the first to be inaugurated as early as April.

The focus of these will be on creating new opportunities by enabling international cooperation amongst FinTech companies. CEO Khalid Saad commented on this announcement, saying “We’re building international bridges to connect the ecosystems, to expose them [international markets] to what’s going on here, and expose [those in Bahrain] to what’s going on outside. For us, this is key: to get exposed and create a global platform with linkages going both ways.”

In addition, he said that efforts are also focused on raising a “global FinTech fund” which will be dedicated to linking FinTech firms from around the world to BFB, as well as help them partner with firms worldwide to explore more opportunities.

Read more about this venture here.