MENA’s largest fintech hub has recruited R3 in an effort to craft out new opportunities for local startups through the often misunderstood magic of blockchain.
Bahrain FinTech Bay, MENA’s largest fintech hub, and R3, a leading enterprise blockchain software provider, have announced their partnership to create opportunities for startups and enterprises. The partnership provides key resources and tools for blockchain-based startups and enterprises within MENA to test, validate and implement their products with end-users and accelerate their expansion within the ecosystem.
“Blockchain technology is radically transforming both industry and government, and its cross-sector use cases are finally coming to fruition,” Khalid Dannish, CEO of Bahrain FinTech Bay, said. “Our partnership with R3, one of the first movers in promising the benefits of blockchain, will bring cutting edge technology applications to the market.”
In line with the partnership, there will be a dedicated webinar on Monday, April 19th, titled ‘Supporting MENA FinTech Innovation with Bahrain FinTech Bay and R3’ to learn more about the latest fintech making waves in the MENA region, and how Bahrain FinTech Bay and R3 are collaborating to support blockchain startups.
“The Middle East fintech sector continues to expand and we look forward to continued collaboration with partners in the region, to support local startups and contribute to the development of Bahrain as an innovation hub,” Ivar Wiersma, R3 Head of Venture Development, said.
Startups will also get the opportunity to be part of R3’s global, equity-free Venture Development Program, which enables them to unlock the deep expertise of R3 and its ecosystem of over 350 partners across the globe. Participants will gain access to exclusive perks and discounts, as well as educational content and support, ecosystem events and mentoring from R3’s global network of industry leaders and investors.