Manama, March 7 (BNA): Beban WLL, a wholly owned subsidiary of Hope Ventures, has announced the merger of its equity crowdfunding platform, Beban Crowdfunding, with Kuwait Finance House – Bahrain Digital Mobile Application (KFHB Wealth) to facilitate the process for investors. and access to investment opportunities for entrepreneurs.
Beban Crowdfunding’s mission is to bridge the funding gap and provide a secure platform that enables investment in equity-based opportunities. Beban crowdfunding opportunities are available to both accredited investors and retail investors with a minimum reachable amount starting from $100 USD.
Through this partnership, all KFH-Bahrain clients will benefit from easy access to unique business opportunities through the KFHB Wealth application, which will be integrated with the crowdfunding platform Biban. This integration will allow existing KFH-Bahrain customers to undergo a seamless digital onboarding process for Beiban crowdfunding, using the pre-existing account verification process conducted at KFH-Bahrain. This comes as part of the Bank’s ongoing efforts to support the entrepreneurial environment in Bahrain while enabling the public to invest in scalable businesses.
Commenting on the partnership, Ayman bin Tawfiq Almoayyed, Chairman of the Board of Directors of Beban WLL, said: “Beban Crowdfunding was launched to facilitate companies’ access to financing opportunities while at the same time enabling and encouraging a larger segment of individuals and companies to become investors. Public-Private Partnership, this collaboration between Beban Crowdfunding and KFH-Bahrain further the mission of facilitating entrepreneurs’ access to an alternative financing solution where they can highlight their business to investors locally and regionally.”
Abdul Hakim Al-Khayyat, Managing Director and CEO at KFH-Bahrain, said, “It is our pleasure to partner with Hope Ventures to support the Beban Crowdfunding platform to enable a thriving digital investment environment that is supportive of promising projects that can develop and grow. This is in line with our goal of Supporting promising entrepreneurs by investing in their ideas and providing them with the ability to expand their business, which reinforces our firm belief in our social responsibility towards youth, and this initiative reflects our firm commitment to stimulating investment in the Kingdom, which opens new horizons for owners of innovative projects in the Kingdom, and we aspire to establish more Strategic partnerships and cooperation with various public entities to unify and strengthen our collective efforts to contribute to the Kingdom’s economic recovery plan and drive economic diversification.”
He added: “The platform provides opportunities for both entrepreneurs and investors, and supports the high acceptance of investors for such risks calculated in small amounts, which contributes to increasing the participation of investors interested in this type of investment opportunity. Initiatives like this are the driving force behind a prosperous future for small and medium-sized companies and companies, As well as economic recovery and responsible growth.”
Salman Mazen Matar, General Manager of Beban Crowdfunding, shared: “I am delighted to be partnering with Kuwait Finance House Bahrain, as this cooperation will enhance Beban’s crowdfunding efforts in order to allow access to a wider network of investors who are empowered to take the lead in investing.” Opportunities offered on Beban Crowdfunding with few accessible ticket sizes. Our goal is to provide a safe and secure crowdfunding platform while making access as easy and seamless as possible, and there is no doubt that KFH will play an important role in achieving this goal.”
Rashid Al-Khan, Head of Wealth Management and Private Banking Services at KFH-Bahrain: “We are pleased to partner with an incubator for promising Bahraini youth, as we look forward through this partnership to creating a digital system that supports the entrepreneurial environment in the Kingdom. As part of this partnership, we will host Biban crowdfunding platform on our digital app.This will contribute positively to the investment culture of startups in Bahrain and will help in obtaining new capital for promising projects.Moreover, it will provide us with valuable access to a new asset class for clients, allowing them to diversify their portfolio total investment.
KFHB Wealth is available for immediate download on the App Store and Google Play and will allow interested individuals and organizations to invest in opportunities listed on Beban Crowdfunding with ticket sizes as low as $100. This will provide investors with easy access to the investment opportunities that exist. Not previously available.
It is worth noting that the platform comes at the right time along with the airing of its reality TV show “Biban” on entrepreneurship, which will allow individual investors and accredited investors to invest in pitching opportunities in the program alongside reputable investors. This makes Beban TV the world’s first interactive reality TV show with a crowdfunding component to it.
For more information on Beban Crowdfunding, follow Beban’s social media platforms at bebanme.
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