Almas Nexus, an alternative investments FinTech company has just signed a Memorandum of Understanding (MoU) with the Bahrain Economic Development Board (EDB) to work together on upcoming FinTech projects.
Executive Director of Financial Services at the Bahrain EDB, David Parker expressed his delight on this new partnership. “We are very pleased to announce this cooperation with Almas. We witness real momentum for fintech in the region, where businesses and start-ups are looking to develop innovative products and services to meet growing demands. Strategic relationships like this one are vital to ensuring the right ecosystem is in place to continue this momentum,” he said.
Almas was created to extract unique sources of investment returns and seamlessly deliver that alpha to its established, global network of investors via a proprietary technology platform. Its senior management team unites strong institutional investment management expertise with innovative product development, global distribution, and advanced technology solutions.
Mark Nichols, CEO of Almas, said: “We are honored to be entering into a collaboration with the Bahrain Economic Development Board. Our aim is to offer wealth managers and institutional investors premium sources of fintech from around the world, many of which would otherwise be inaccessible. The support from the EDB is a powerful endorsement of our proposition and the potential for future growth.”
Almas is the first global fintech investment platform with a strong presence in the Gulf and is rolling out regional sales hubs to connect and service its international network of clients and partners on a 24/7 basis.
Almas’s platform will be made available to wealth advisors and institutions in Bahrain as well as across the GCC, Europe, and Asia. Through long-term cooperation, the EDB and Almas will also look to develop local and regional talent to enhance Bahrain’s position as a key incubator for cutting-edge financial technology solutions.