Kuwait Finance House – Bahrain Renews its Commitment to Bridging the Funding Gap for Entrepreneurs through ‘Beban’ Partnership

Beban W.L.L., a wholly-owned subsidiary of Hope Ventures, the investment arm of Hope Fund, announces the renewal of Kuwait Finance House – Bahrain as a Partner to continue to support its mission of bridging the funding gap through its two initiatives: Beban TV Show and Beban Crowdfunding. As a leading financial institution in the Kingdom of Bahrain, KFH–Bahrain gives priority to easing innovative entrepreneurs’ access to funding opportunities that contribute to the growth of their businesses, which Beban achieves through the TV show and its crowdfunding platform.Through both of its previously aired seasons, Beban TV show’s total investments in regional opportunities by the public and private sectors exceeded USD 6 million. It also resulted in numerous benefits where entrepreneurs gained access to unique business development opportunities in areas where they needed the most support, such as marketing, PR, accounting, and sales, among many others. As for Beban Crowdfunding, it has facilitated the successful fundraising by 3 Bahrain-based businesses since its official launch and licensing as a Crowdfunding Operator by the Central Bank of Bahrain.Commenting on the renewal of the partnership, Khaled Alrayyes, Manager of Beban, shared: “We are thrilled to be continuing our successful partnership with KFH-Bahrain. We look forward to working closely in achieving our mutual goal of boosting the Kingdom of Bahrain’s entrepreneurial sector and promoting easy access to funding opportunities for entrepreneurs with merit and the potential to grow and scale beyond local borders.”Rashid Alkhan, Executive Manager – Head of Wealth Management & Private Banking at KFH-Bahrain, commented on the initiative: “It is our pleasure to continue our partnership with Beban in promoting regional entrepreneurship and innovation. Our partnership with Beban, as well as hosting their Crowdfunding platform on our KFHB Wealth app, enables a thriving and supportive digital investment environment for promising projects that can develop and grow.  Furthermore, it underscores our commitment to provide our customers access to various investment opportunities that align with their financial goals.  This is in line with our aim to make a positive impact by enabling local businesses to thrive, and we dedicate ourselves to fostering the expansion of the SME sector in the Kingdom of Bahrain.”The KFHB Wealth application is available for immediate downloading on App Store and Google Play and will allow individuals and organizations interested in investing in opportunities listed on Beban Crowdfunding with ticket sizes as low as USD 100. This will provide investors with ease of access to investment opportunities that were not previously available. Beban thanks His Highness Shaikh Nasser bin Hamad Al Khalifa, representative of His Majesty the King for Humanitarian Affairs and Youth Affairs, for His guidance and unwavering support that led to its creation and development as it continues to contribute to the shaping of a robust, regional investment ecosystem.To stay up to date with all-things-Beban, make sure you follow the show’s accounts on social media @bebanme.

 

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top