As part of its participation in the “Fintech Forward 2024”, entArabi conducted an interview with Hajar Sultan, the Compliance Manager at the Beban Crowdfunding platform, who highlighted the growing role of Beban in facilitating collective investment for companies across the Gulf Cooperation Council (GCC) countries.
Beban is a crowdfunding platform based on the concept of equity and partnership, allowing startups, medium-sized, and even large companies to offer their shares for sale to investors. The platform is fully digital and based in Bahrain, providing users with the ability to register and participate from their homes without the need for physical presence, whether they are in Bahrain or any other GCC country.
Beban allows investors to purchase shares in companies for amounts starting from just 40 Bahraini Dinars. This democratic approach to investment opens doors for ordinary individuals to invest in diverse companies without needing a large capital, thereby enhancing the potential for financial returns and contributing to the growth of the private sector.
Speaking about the platform’s future plans, Hajar Sultan revealed Beban’s intention to launch a new type of crowdfunding by 2025. The platform will enable small and medium-sized enterprises to borrow directly from individuals, enhancing the flexibility and innovation of financing mechanisms and allowing companies to access capital through new and direct methods.
