BisB signs agreement with Flat 6 Labs Bahrain

03-April-2017

Bahrain Islamic Bank (BisB) recently signed a Memorandum Of Understanding (MOU) with Flat 6 Labs Bahrain.

Flat 6 Labs Bahrain, the leading start-up accelerator program in Bahrain, is part of Flat 6 Labs that manages more than one accelerator in Cairo, Jeddah, Abu Dhabi and has created over 75 companies backed up by more than 300 entrepreneurs. The partnership will introduce accelerator programs to attract start-ups in the Kingdom of Bahrain with interest in innovation in the financial sector.

This MOU supports the digital vision of the Bank to be among the leaders in the field of Fintech. It aspires to attract joint programs and initiatives that invest in brighter and passionate entrepreneurs.

BisB is in full support in finding solutions to Fintech and the efforts led by EDB and CBB; the partnership will be supporting institution’s entrepreneurship and innovation programs by connecting them to venture capitalist, angel investors and mentors.

“BisB has partnered with Flat 6 Labs Bahrain to provide support to young start-ups in the community. We are proud of this partnership and we look forward to joining hands in creating a Fintech innovation ecosystem that serves Bahrain and the region” stated Mr. Hassan Amin Jarrar, the CEO of BisB.