Phaze Ventures partners with Bahrain Fintech Bay
Phaze Ventures today announced their latest ecosystem partnership with Bahrain Fintech Bay, one of the leading FinTech Hubs in MENA - providing dedicated FinTech co-working space, innovation labs, acceleration programs, curated activities, and educational opportunities.
“We are extremely excited to announce Phaze Ventures partnership with Bahrain Fintech Bay on multiple initiatives, adding to a growing list of global partnerships and investments in the fintech, data-science, and corporate digitization arenas," said Abdullah Al-Shaksy, Co-Founder & CEO at Phaze Ventures, "We believe Bahrain’s long history as an investment and fintech innovation hub is a great foundation for the next wave of early-stage tech startups, and we look forward to working closely with the ecosystem to support the next generation of innovators and founders."
Established in 2018, Phaze Ventures is the first private venture capital firm in the Sultanate of Oman, founded to fund the next generation of disruptive technology startups from around the globe, and accelerate the transformation of the region’s economies through early-stage investments and strategic partnerships.
The firm launched a $30 million ventures fund, targeting early-stage startups in GCC, Europe and North America, with investments from the country’s largest investors, including Oman Information and Communications Technology Group (part of the sovereign fund of Oman), Ominvest and several prominent family offices.