Bahrain’s business-friendly environment has already helped attract and nurture many startup businesses, and new startups are establishing themselves all the time. The tech startup industry, in particular, is thriving, helping to grow the Middle East technology sector and generating more jobs every year.
Tech businesses new to Bahrain don’t need to navigate the startup process alone. Startup Bahrain offers an exciting and helpful ecosystem that works to guide, develop, and support startups, as well as forging new connections that bring together investors, accelerators, incubators, and government. Many startups have already grown and benefited from the resources offered through Startup Bahrain, and its ecosystem has expanded to include over 119 new businesses.
With so many promising startups now being established in Bahrain, it can be hard to tell which ones could become the next Microsoft and generate a fortune worth billions. Some of our tech startups have already seen great success, and we at EDB Bahrain have gathered a list of a few that stand out. Read on to learn more about 5 of the most promising tech startups to watch out for in 2019.
Inagrab is a retail platform that helps retailers generate more revenue by using technology to determine the best time to sell a product and the best place to promote it. This e-commerce business includes features that show product performance, potential commerce platforms to display the product, and leads to generate future contracts. Inagrab includes an app that allows buyers to search for deals and learn more about a particular product. In 2018, the startup added an AI feature to give retailers even more options. Inagrab was founded by Hussain Haji and Mustafa Marhama in 2017 and has become one of the most promising startup tech companies over the last year with co-founder Hussain Haji as the current CEO.
Skiplino is a free queue management system that helps businesses manage customer queues quickly and efficiently. The company uses cloud software to store and monitor data and collect feedback from customers. With the Skiplino app, customers are able to queue in advance and avoid waiting in a physical line. Skiplino has attracted investor attention with a recent investment from Kuwait-based venture capital firm KISP Ventures, indicating the business may be one of the best startups to invest in. Skiplino was co-founded by Zaman A. Zaman, Alharith Alatawi, and Ricardo Gasparis, and it has risen as one of several international tech companies from Bahrain. Zaman A. Zaman is the current CEO of the company.
Malaeb offers an app that connects local football players who want to organise matches. The features include booking fields, creating a team, challenging other teams, and finding more players to join your game. The app has grown in popularity in a short time, with 20,000 users as of 2018, and has received funding from Raed Ventures, Vision Ventures, 500 Startups, and Inspire Ventures. The business expanded to the United Arab Emirates this year, making the app now available in five countries in the Middle East. Malaeb is another one of the stronger tech startups in 2019. It was co-founded by Ahmed Alrawi and Yasser Abdulaziz in 2016, and co-founder Ahmed Alrawi is the current CEO.
Rain is one of the most exciting upcoming tech companies. The business is a secure cryptocurrency exchange designed to end the difficulties of obtaining digital currency in the Middle East. Rain will help those in the Middle East to buy, sell, and store digital currency with secure and regulated technology. Rain will be the first Central Bank cryptocurrency exchange in the Middle East, and experts are watching the company for the potential increase in revenue and capital it offers the region. Rain was created at the end of 2018 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawyand, and Joseph Dallago recently became CEO.
Time Control Technologies
Time Control Technologies is an automated live workforce management system that helps companies save time and generate more revenue by managing tasks more efficiently. The features include timesheet processing software, automated payroll processing, and resource monitoring software that all improve business productivity. In a short window of time, the startup has already won an award at the Bahrain Tech Awards in 2018 and has received investments from the Hong Kong hardware accelerator company Brinc. With such a successful launch, Time Control Technologies is one of the top Bahrain tech startups for 2019. Time Control Technologies was founded in 2018 by Jhony Leyva and Jesus Alvarado, who is the current CEO.
Bring a Startup to Bahrain
While the list of startups above highlights a few of the new businesses thriving in Bahrain, many more call Bahrain home, and even more opportunities lie ahead for businesses and investors.
We at EDB Bahrain are excited to share more about the opportunities for success for tech startups in Bahrain. To learn more about how we can help you start a business in Bahrain, explore the resources available at Startup Bahrain and on the EDB Bahrain startup information page, which also offers a form for you to get in touch with us for personalized expert support.