The tech sector in Bahrain is gaining a lot of recognition for hosting some of the most innovative and dynamic startups in the MENA region. A lot of these startups outshone the rest by securing impressive funding in the last two years and have become startup forces to be reckoned with in the coming year. Here are some of the top Bahrain startups for 2019 that have got the onlookers watching out for them in the following year.
Bahrain is at the forefront for bringing disruptive business ideas to life as a leading startup ecosystem in MENA. One of the important partners in the ecosystem is Tamkeen, a semi-government agency, that trains and aids entrepreneurs and startups to scale the regional and international market successfully. This body has played a monumental role in promoting some of the best startups in the region especially in the tech sector.
Top Bahrain Startups for 2019
PayTabs is a Bahrain based startup that offers B2B payment solutions for small and medium-sized enterprises empowering them with hassle free transaction procedures. Abdulaziz Fahad Al Jouf founded this startup in 2014 with a small team of six members which is now is a large company among the top Bahrain startups for 2019. The last funding activity for this trailblazing company was in 2017 through which it raised $20 million in venture capital from undisclosed investors. The Bahrain based startup had announced that the funds raised would be used for expanding into several new markets within MENA and outside it. PayTabs? platform is easy to use and works for transactions for 168 different currencies.
This Bahrain based startup is making it easier for job seekers and employers in GCC to find each other. OneGCC was set up in 2016 by Alharith Alatawi who is a serial entrepreneur and has been a part of some of the top Bahrain startups for 2019.? The leading tech company seeks to nationalize the Gulf job market by creating an easy to use platform that connects GCC job seekers with recruiters based on their skill and the hiring specification. The startup?s first investment round was in 2017 through which the Bahrain based startup raised seed investments amounting to $2.5 million. One of the many accolades the company has got is Forbes? recognition of it as one of the 15 most innovative startups in the MENA region.
Munfarid Consulting Co. is one of the top Bahrain startups for 2019 that is working to improve education and learning processes in the country and the GCC region using the best of technology infrastructure. The Bahrain based startup was founded by Sana Farid who recognised the need for technology-based stimulative learning resources that can aid in creating well-trained workforces. Munfarid Consulting Co. became the top startup in Bahrain as the only company offering AR/VR learning solutions in the country. The pioneer AR/VR based learning solutions took part in its first and only funding round till date this year raising $100,000 from an angel investor.
Nural is a new Bahrain based startup that was established in 2018 by tech veteran Hamad Fuad who has worked with tech giants Apple and Adobe before venturing into the entrepreneurial world.? Efficient project management and seamless team communication – these are two of the main goals Nural helps its users achieve. The company has had a great startup year and is one of the top Bahrain startups for 2019. With over 900,000? users on board and an initial seed funding of $30,000 from startup accelerator Flat6Labs, the Bahrain based startup is expected to take the stage in 2019 bringing in more investors and better features for the app.
Founded a year back by Hussain Haji and Mustafa Marhama, inagrab is an exciting member in the group of top Bahrain startups for 2019 for its unique revenue enhancing platform for e-commerce ventures. inagrab?s app also poses a lot of advantages to buyers who can find the best deals and all the details for a specific product they are looking for. The Bahrain based startup is striving to make online selling and buying more personalised and streamlined by leveraging artificial intelligence and actionable data-based insights. The company is a rightful contender among the top Bahrain startups for 2019.
Malaeb is one of the youngest startups among the top Bahrain startups for 2019. The company is an innovative app that helps local football players connect for organizing and participating in matches. The Bahrain based startup was established by Yasser Abdulaziz and Ahmed Al Rawi in 2016 and has already made headlines for the useful service it offers for Football enthusiasts in the country. Malaeb has become one of the top Bahrain startups for 2019 and has received an undisclosed amount in seed funding from lead investor Raed Ventures and three participant investors – Vision Ventures, 500 Startups, and Inspire Ventures in 2017. The app has seen a steady increase in the number of users with monthly downloads capping at 20,000 as of November 2018.
Skiplino is a trailblazing queue management platform founded by Alharith Alatawi (COO) and Zaman AH. Zaman (CEO) in 2016. The unique Bahrain based startup offers its users the convenience of saving themselves a place in a queue virtually before they even reach it. The novel concept has been a hit and has a steady number of monthly app downloads. The increasing popularity of the cloud-based app has made the company one of the top Bahrain startups for 2019 and has also helped in attracting investment. KISP Ventures, a prominent Kuwaiti venture capital firm, has invested an undisclosed amount in Skiplino. The app is compatible with both Android and Apple operating systems and available for web use as well.
Rain is one of the most exciting companies among the top Bahrain startups for 2019. The startup was conceptualized and launched by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy to offer a secure cryptocurrency exchange platform. The Bahrain based startup has finally come out of the Bahrain sandbox status and is expected to be launched by early 2019. However, any information regarding the funding received so far is yet to be disclosed. Once launched, Rain will be the first Central Bank approved cryptocurrency exchange in the Middle East. Startup and fintech experts are keenly watching for the company along with other top Bahrain startups for 2019, as its launch has the potential of creating traction for new capital in the region.
Time Control Technologies is a top startup in Bahrain in the Iot segment. Founded earlier this year by Jesus Alvarado and Jhony Leyva, the startup is a leading real-time workforce management solutions provider. The Bahrain based startup has already won accolades for its innovative SaaS offering including an award at the Bahrain Tech Awards. Time Control Technologies has received an undisclosed seed funding from Brinc, a hardware accelerator brand from Hong Kong; the investment is expected to help the startup grow further. The company?s successful launch has got people watching it for what it brings to the ecosystem the coming year making it one of the top Bahrain startups for 2019.? The software platform has been designed to be a one-stop solution for workforce management to optimize the productivity levels of their workers.
GetBaqala is a pioneer hyperlocal Bahrain based startup that is making it easier for people to shop for their grocery. The startup was founded by Amjad Puliyali and Aboobacker Shinan in 2016 and has grown to become one of the top Bahrain startups for 2019 with the help of Tamkeen, the Bahrain Labor Fund. The company got the right nudge after enrolling in an incubation program run by the Bahrain Development Bank and received initial seed funding from the SeedFuel Program. The app company is poised to attract more investments in the coming years as it gains more users over time.
So these were the ten prominent startups in Bahrain that succeeded in attracting funding capital in the last two years. These startups are expected to show notable development in the coming year owing to the capital they have secured in the last two years.
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