Saudi-based venture capital studio BIM Ventures has signed an agreement with a unit of Standard Chartered to drive digital transformation and growth in the Kingdom.
The memorandum of understanding was inked with SC Ventures on the sidelines of the 24 Fintech conference in Riyadh.
“We’re announcing an MoU with BIM Ventures, which is a venture building lab located here, looking forward to essentially building businesses in this particular market, and we both bring very, different things to the table, obviously, but in the same time, very much often of an alignment of mindset in terms of how we building things,” Alex Manson, CEO of SC Ventures told Arab News in an interview.
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