Bahrain, Manama – April 23, 2024: Bede, an innovative Shariah Compliant Fintech Mobile App in Bahrain aiming to deliver convenient microfinance services to its customers, a subsidiary of Zain, is proud to announce its partnership with Optasia, a leading Fintech services provider. The partnership aims to provide a micro-financing solution through Optasia Al-led platform.
Optasia will offer Bede a microfinancing solution through its AI platform, enabling efficient credit decisions and financial empowerment. This service will greatly benefit Bede applicants by offering them a quick and efficient financial decision-making process.
Bede offers a user-friendly interface and a seamless consumer microfinance experience in just a few steps. With a focus on security and efficiency, the App is equipped with robust security features to ensure the safety of users’ financial information. Applicants can download the App and receive instant, hassle-free approvals based on their credit profile and unique financial needs and goals, making access to the funds they need faster than ever.
Abdul Nasser Al-Rayes, Bede CEO, said, “Bede’s strategic partnership with Optasia marks another significant milestone in microfinance. Optasia’s capabilities are instrumental in optimizing Bede digital services, making advanced micro-financing a reality for everyone across the Kingdom. At Bede, we aim to transform the micro-finance sector, empowering individuals to achieve financial independence and fostering a culture of economic growth and prosperity for all.”
“We are always keen on exploring new territories and partners that could benefit from the fintech wonders that the Optasia AI platform offers,” stated Mark Muller, Optasia’s Group CEO.
He added, “It has been a pleasure working with BEDE on this project, and we look forward to the people of Bahrain enjoying the fruits of such a collaboration.”
About Bede in Bahrain
Bede in Bahrain is a Fintech App launched by a CBB licensed financing company in the Kingdom of Bahrain. It is a dynamic platform dedicated to transforming the landscape of financing in the Kingdom. Aiming to be a prominent entity in the Islamic micro finance industry and beyond, Bede offers easy and instant personal Islamic finance solutions through its innovative mobile app. Empowering individuals to access the financial resources they need, right at their fingertips. Through strategic partnerships with selected employers, Bede also extend its services to offer Islamic personal finance options to their employees, providing added convenience and accessibility. For more, please visit bede.bh
About Zain Bahrain:
Zain Bahrain, a telecommunications industry innovator focused on enhancing customer experience, was awarded a mobile telecom license on 22 April 2003 and commenced commercial operations on 28 December 2003. The operation promptly placed the Kingdom of Bahrain on the world telecom map through the introduction of many mobile technology innovations that continue to this day with nationwide high-speed 4G LTE and 5G services being offered through the Kingdom’s most advanced mobile network. Zain Bahrain, listed on the Bahrain Bourse (Ticker: ZAINBH), is part of Zain Group, a leading telecommunications operator across the Middle East and Africa, which provides mobile voice and data services to 52 million active customers as of September 30, 2023. With a commercial presence in seven countries, Zain operates in Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan, and South Sudan. In Morocco, Zain has a 15.5% stake in ‘INWI,’ through a joint venture. For more information, please email info@bh.zain.com or visit: www.bh.zain.com
About Optasia
Optasia, previously Channel VAS, is an advanced AI-led platform that enables instant access to financial solutions for millions of underbanked individuals and SMEs across over 35 countries, mainly in Emerging Markets.
Optasia’s B2B2X (business-to-business-to-customers and SMEs) model creates value for its partners, such as mobile network operators, mobile money operators, banks, and payment gateways, in the form of additional revenue, enhanced customer experience, and improved retention without the need for additional operating or capital expense.
The company’s AI-led data engine and proprietary algorithms analyze alternative data from mobile and other environments to provide relevant instant credit decisions to its partners. These capabilities enable micro-financing, airtime, and data advances via mobile wallets, SIM cards, and other digital environments.