Frankfurt Main Finance and Bahrain Fintech Bay have signed a Memorandum of Understanding (MoU) on cooperation between the two FinTech Hubs. Dr. Lutz Raettig, President of Frankfurt Main Finance, and Gerben Visser, Founder of Bahrain FinTech Bay signed the agreement.
The goal of the Co-working space Bahrain FinTech Bay is to become the largest FinTech Hub in the Middle East. To achieve this goal the initiative supports young FinTechs in their development, offers them partnership opportunities and a global FinTech partner network. This network will now be supported by Frankfurt Main Finance. For Frankfurt Main Finance and the Financial Centre Frankfurt’s emerging FinTech Ecosystem the cooperation is an important entry point to the Middle East FinTech events and initiatives.