Bahrain’s Al Waha Fund and Hambro Perks Launch HP Spring Studios to Support Fintechs

Al Waha Fund, managed by Bahrain Development Bank, and international investment firm Hambro Perks announced the launch of HP Spring Studios.

The fintech venture capital studio will be based out of its new headquarters in Manama, Bahrain.

The studio will co-found and invest directly in next-gen fintech startups with top-performing entrepreneurs. An in-house team spanning the full spectrum of product, engineering, and operations capabilities will help accelerate startups toward product/market fit.

The 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 base and secure future rounds of funding. exit funding.

The studio aims to create new, highly skilled jobs in Bahrain for local and international talent, both in its core team and in the startups it helps launch.

HP Spring Studios will focus not only on attracting highly skilled international talent, but also on nurturing local talent through upgrading, 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 an investment destination.

Areije Al Shakar, Director and Fund Manager at Al Waha Fund, said, “We are proud to be part of this initiative which will prove to be a valuable resource for local entrepreneurs and communities who will benefit from new fintech solutions in Bahrain. Al Waha was founded to help startups overcome challenges in accessing finance. HP Spring Studios will dramatically improve the region’s fintech ecosystem, not only empowering startups, but also helping to materially improve the way people save, send, lend, manage, and invest their money.

She added, “We are excited about the future of fintech startups in the MENA region and look forward to working alongside our partners and our extensive network to support the next generation of tech entrepreneurs on their journeys.”

Dominic Perks, Managing Director of Hambro Perks, said: “The opportunity for entrepreneurs to develop fintech solutions to help address challenges in the MENA region has never been more compelling. To date, high barriers to entry have limited the potential for innovation. HP Spring Studios exists to solve the problems faced by founders in the region.

“Once portfolio startups are ready to scale, the studio and Hambro Perks will bring trusted global co-investors to Bahrain-based operating companies, not only creating new jobs, but also facilitating capital inflows and attracting more talent and investors to Bahrain”.