Manama – Bahrain – Global investment firm Hambro Parks has partnered with Al Waha Fund of Funds, managed by Bahrain Development Bank, to launch HP Spring Studios, the MENA region’s first venture studio focused on fintech.
HP Spring Studios held a launch event on November 15th in the presence of distinguished guests including His Excellency Abdullah bin Adel Fakhroh, Minister of Industry and Commerce of Bahrain, and His Excellency Alastair Long, British Ambassador to Bahrain.
The launch of HP Spring Studios in Bahrain cements the country’s position as a fintech leader in the region. The studio will play a key role in further nurturing the fintech ecosystem and nurturing entrepreneurial talent. This visionary initiative will bridge London and Bahrain, strengthening both countries’ fintech ecosystems and driving growth in both countries.
We also work to benefit communities, help entrepreneurs turn ideas into reality, create skilled jobs for local and international talent, and invest in new regions.
HP Spring Studios has already made a big impact, launching two startups and investing in two others. We have an unwavering commitment to benefiting communities across the MENA region. We create skilled jobs for domestic and international talent and launch and invest in startups. This initiative will bridge London and Bahrain, fostering a vibrant fintech ecosystem that will drive growth. HP Spring Studios is committed to benefiting communities across the MENA region by helping entrepreneurs turn their ideas into reality. The opening ceremony marks the beginning of exciting developments and opportunities ahead.
His Excellency Abdullah bin Adel Fakhro, Bahrain’s Minister of Commerce and Industry, issued a strong statement of support at the launch, highlighting the strengthening and growth of Bahrain’s fintech ecosystem.
“This partnership is a testament to Bahrain’s vision and leadership in developing its fintech industry and cementing its pivotal role as a regional fintech hub. We believe in the power of collaboration and therefore work with the private sector to Bahrain will create an environment that fosters fintech innovation and empowers promising fintech startups. It’s a place where you can rely on young people.”
Andrew Wyke, CEO and founding partner of Hambro Parks, also spoke at the event, highlighting Bahrain’s strategic role in strengthening the UK-Middle East relationship.
“Bahrain is a key hub for innovation and entrepreneurship in the Middle East, and in partnership with Al Waha Fund of Funds, we are pleased to announce the launch of HP Spring Studios, the region’s first fintech-focused venture studio. “HP Spring Studios plays a key role in supporting the growth and development of fintech startups that drive innovation and transform the region’s financial services landscape. We are confident that HP Spring Studios will be successful and look forward to working with the team to support the growth of the fintech ecosystem in Bahrain and the MENA region. ”
Al Waha Fund of Funds, a key investment partner in the establishment of HP Spring Studios, is committed to helping startups overcome funding challenges and drive transformative growth in the MENA region. Ms Dalal Al Qais, CEO of Bahrain Development Bank, said:
“Bahrain Development Bank is committed to supporting business growth and excellence. We go beyond lending by actively incubating startups and revolutionizing financial services. Our The initiative will significantly strengthen the fintech ecosystem and benefit local entrepreneurs and communities in Bahrain. We are excited about the future of Bahrain.”HP Spring Studios We are a startup company and look forward to supporting the next generation of technology entrepreneurs. We focus on nurturing the startup ecosystem and strive to create opportunities for aspiring entrepreneurs to succeed and contribute to economic prosperity. is a leader in the fintech ecosystem, not only by empowering startups but also by substantially improving financial services for people and revolutionizing the way they save, send, lend, manage and invest money. It will play a vital role in the construction. ”