BM Innovate is an investment arm of bank muscat that aims to invest in a global Fintech portfolio. BM Innovate also seeks to promote growth opportunities for its Fintech portfolio through partnership with bank muscat SAOG whenever such partnership is possible and mutually beneficial.
BM Innovate targets early stage Fintech companies with a view to participating in multiple funding rounds and increasing its stake in successful investees. Having a minimum viable product and some revenue generation is an important criteria for BM Innovate’s initial investment in a Fintech company. Further, BM Innovate seeks founders who have extensive relevant experience in their respective Fintech vertical and supported by a core operating team.
Fintechs Stages of Interest
- Operational locally or outside the Kingdom
- Ready to Operate in Saudi
Fintech Activities of Interest
- Banking API Providers
- Banking Operational Improvements
- Loan Processing
- Mobile / E-Wallet Payments
- Neo / Challenger Banks
- Peer to Peer Payments / Money Transfer
Areas of Interest
- Investing in fintechs