C5 Accelerate held its fourth Cloud 10 Scalerator program Pitch Day last Wednesday, at the annual ePay Summit, held at the Ritz Carlton, under the patronage of Shaikh Mohammed Bin Essa Al Khalifa, Chairman of Tamkeen.

The Pitch Day marked the completion and graduation of the fourth intake of the program, which mainly focused on FinTech. The fourth cohort included five local and international FinTech startups that have been using the Amazon Web Services (AWS) to scale their technologies in Middleware Vendor management, e-payments, and WealthTech. The startups who pitched are from all over the world including Bahrain, UAE, Azerbaijan, UK, US, Singapore and Hong Kong. You can read more about them here.

Here are the graduates of the fourth cohort:

  1. Eazy Financial Services B.S.C.
  2. Privé.
  3. Alpha FinTech.
  4. Maliyya.
  5. Newbridge FinTech.

The Cloud 10 is an eight-week program that provides extensive support including commercialization, venture funding, and operations and more. The FinTech program also included mentorship sessions held by experts in the field of financing in Bahrain and the region, in addition to a series high-level introductions to banks across the country to help further accelerate client acquisition for the startups.

Hadyah Fathalla, Executive Director of C5 Accelerate commented on the FinTech sector in Bahrain saying: “Fintech holds great promise for Bahrain, whose financial sector has traditionally been a cornerstone of its economy.  Cloud10 has been successful in attracting international innovative talent into Bahrain, helping them both incorporate and transfer and retain talent and expertise in the Kingdom. This can be key to creating a fintech industry in Bahrain where talent and expertise in such new fields is a real challenge. Collaborating with the CBB, EDB, and our partnership with Bahrain FinTech Bay is a great opportunity to combine our experience and expertise and multiply our efforts to make Bahrain an attractive destination for innovative fintech companies.”

See Also

The Cloud 10 Scalerator program launched in Bahrain back in 2016, and is held in partnership between C5 Accelerate, AWS, the Bahrain Economic Development Board (EDB), and the Labour Fund (Tamkeen).

For more information, read here.

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