Bahrain to reach 100 fintech firms by the end of the year

Pedro Gonçalves
clock • 1 min read

Bahrain will be home to more than 100 fintech firms by the end of the year, according to an expert. Bahrain and UAE are in a race to become the region's leading fintech hub. According to a report by American online publication Stratfor, both these countries are in a race to portray themselves as the one-stop shop for cryptocurrencies. The two regional financial hubs have issued licenses to crypto companies, developed crypto-friendly regulation and even invested in crypto startups. Khalid Saad, chief executive of Bahrain fintech Bay (BFB), told the local news outlet GDN there were...

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