Standard Chartered Bahrain announce the sixth cohort of Women in Tech Bahrain Incubation Programme
Manama, Bahrain – Standard Chartered Bahrain, in partnership with Bahrain FinTech Bay (BFB), announced the sixth cohort of its 'SC Women in Tech' incubation programme in Bahrain, which will officially commence and open for applications on April 22, 2025. This marks the sixth anniversary of supporting female entrepreneurs in Bahrain. The programme was launched in collaboration with the Central Bank of Bahrain (CBB), the Labour Fund 'Tamkeen', Supreme Council for Women (SCW), and the United Nations Industrial Development Organization Investment and Technology Promotion Office, in Bahrain (UNIDO ITPO Bahrain), and Innovate for Bahrain (I4BH).
The ceremony was attended by several dignitaries, including Dr. Boutros Klink, Bahrain CEO, Standard Chartered; Ms. Afnan Rashid Al-Zayani, Board Member, Supreme Council for Women; Ms. Suzy Al Zeerah, Chief Operating Officer, Bahrain Fintech Bay; Ms. Maryam Rahimi, Associate Director, Enterprise Programs and Partnerships Development at Tamkeen; and Mr. Ameer Abu Baker, National Investment Promotion Expert, UNIDO ITPO Bahrain, along with other senior officials and stakeholders.
The Women in Tech Bahrain Incubation Program aims to offer valuable guidance and support to female entrepreneurs in Bahrain, enabling them to expand and prosper. To date, the programme has supported over 50 local startups through mentorship, with 19 startups receiving prize money totaling over USD 305,000.
The programme aims to assist 10 businesses led by women through an intensive eight-week incubation period. Participants will benefit from access to workshops, industry experts, and an alumni community, enabling them to refine their business strategies and capitalise on opportunities in the current business environment.
Winners of the programme will receive prize money, with first-place winners receiving USD 35,000, second-place winners receiving USD 25,000, and third-place winners receiving USD 15,000. Additionally, all winning teams will be granted a 3-month residency at Bahrain FinTech Bay.
The event also featured the announcement of a strategic collaboration between QuickDine, a startup that took part in the fifth edition of the Women in Tech Program, and Payment International Enterprise (PIE), a leading Bahrain-based fintech company. The collaboration is set to enhance QuickDine's operational efficiency by integrating advanced payment solutions, thereby offering customers secure and diverse payment methods.
-Ends-
For further information please contact:
Noora Al Nusuf
Head of Corporate Affairs and Brand & Marketing
Bahrain & Middle East (ex-UAE)
Standard Chartered Bank
Email: Noora.alnusuf@sc.com
About Standard Chartered
We are a leading international banking group, with a presence in 53 of the world's most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fintech News ME
22 minutes ago
- Fintech News ME
Egypt Launches Standardised Reporting Framework for Startups and Investors
Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA), backed by World Bank, has collaborated with several venture capital firms and the US-based platform to introduce a standardised portfolio reporting framework for startups and investors across the country. Led by Foundation Ventures, the initiative includes participation from Algebra Ventures, Sawari Ventures, Shorooq Partners, Endure Capital, Camel Ventures, DenVC, LoftyInc Capital, DisrupTech Ventures, and the Climate Resilient Africa Fund. The aim is to establish common metrics, reporting timelines, and formats, addressing the longstanding issue of inconsistent data practices within Egypt's startup ecosystem. Although Egypt's startup scene has expanded significantly in recent years, inconsistent reporting standards remain a key challenge. Startups frequently contend with producing varied reports to meet different investor requirements, while venture capital firms face difficulties in assessing portfolio performance due to the absence of unified benchmarks. The initiative seeks to simplify reporting processes for both general partners (GPs) and portfolio companies through a centralised data platform designed to enhance transparency, reliability, and operational efficiency. 'We are excited about enhancing Egypt's investment attractiveness by providing the necessary transparency to encourage foreign direct investment,' said Mazen Nadim, Managing Partner at Foundation Ventures. Following a competitive selection process, was chosen to develop and operate the platform. The company is working in partnership with Egyptian GPs to tailor the system to local requirements and workflows. The platform is expected to be fully implemented by the end of the second quarter of 2025, with the first comprehensive ecosystem report anticipated by mid-2026. By introducing a unified reporting framework, the effort is expected to ease administrative burdens for startups, provide greater clarity for investors, and strengthen Egypt's position as a destination for regional and international venture capital.
Martechvibe
an hour ago
- Martechvibe
Fullcast Acquires Commissionly
As part of the acquisition, Commissionly's product and team will be integrated into the Fullcast suite of solutions, with continued investment in both platforms. Topics News Share Share Fullcast Acquires Commissionly Whatsapp Linkedin Fullcast, the RevOps platform for end-to-end Go-to-Market (GTM) planning and execution, has announced the acquisition of Commissionly, a UK-based company specialising in cloud-based sales commission management. This acquisition marks a step forward in Fullcast's mission to unify every aspect of GTM operations, transforming it from a RevOps solution into a sales performance management platform. By incorporating Commissionly's automated commission tracking and compensation tools into Fullcast's RevOps platform, customers can align sales performance and incentive structures with territory planning, quota setting, and Go-to-Market execution. This integration helps remove operational silos that typically result in misaligned incentives, payment delays, and shadow accounting. 'Adding Commissionly's powerful commission engine makes Fullcast the only platform where GTM planning and sales performance execution truly live in one place,' said Ryan Westwood, CEO, Fullcast. 'This acquisition enables our customers to motivate, reward and drive performance with complete visibility and trust.' Commissionly has helped sales teams automate complex commission structures across industries. Its simple and intelligent cloud-based solutions are part of Fullcast's commitment to flexibility and scalability across growing Go-to-Market teams. 'Joining Fullcast is a natural evolution of our mission to help sales teams succeed through transparency and automation,' said Martin Baker, CEO, Commissionly. 'Together, we can offer companies a seamless experience, from designing territories and setting quotas to managing commissions and rewarding top performers.' As part of the acquisition, Commissionly's product and team will be integrated into the Fullcast suite of solutions, with continued investment in both platforms. Existing Commissionly customers will continue to receive full support and benefit from enhanced capabilities through the combined solution. 'We're thrilled to bring Commissionly into Fullcast. This will make it easier for teams to connect planning with performance and actually get paid for the work they do, faster and more accurately,' said Bala Balabaskaran, Co-Founder and CTO of Fullcast. ALSO READ:
Fintech News ME
2 hours ago
- Fintech News ME
Egypt Founder Leads Limited to $7M Raise for Global Stablecoin Banking Expansion
Limited, a US-based next-generation fintech startup offering stablecoin-based global banking services with self-custody, has secured US$7 million in a seed funding round. The round was led by North Island Ventures, with additional participation from existing backers Third Prime and Arche Capital, as well as new investors Collab+Currency and SevenX Ventures. This brings the company's total funding to US$10 million since its founding in 2024. Founded by Hussein Ahmed, an Egyptian entrepreneur, Limited has developed a banking and payments platform that integrates the security of self-custody stablecoins with the functionality of traditional banking services. Available on iOS, Android, and web, the platform is accessible in 176 countries and enables users, both individuals and businesses, to access global payment systems while retaining full control of their funds via self-custody wallets. The platform also includes tiered Visa and Mastercard offerings and cross-border payment tools that support over 300 local payment methods in more than 80 currencies. 'With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we've created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use,' said Ahmed. 'This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, where demand for borderless financial services is strongest.' Unlike earlier fintech models that largely built on existing financial infrastructure, Limited offers a platform designed from the ground up, merging usability with enterprise-grade security. The company aims to meet the growing demand for more secure, globally accessible financial tools, especially in emerging markets where traditional banking services may fall short.
