Riyadh - Sharikat Mubasher: The Saudi venture capital studio BIM Ventures signed a memorandum of understanding (MoU) with Kearney, the global management consulting firm, to launch a new initiative to nurture startups in the Saudi market.

The Venture Boost Camp (VBC) initiative is designed to provide startups with the expert guidance they need to fast-track their growth and reach new heights, according to the company’s statement.

The MoU was signed during the 24 Fintech conference that took place in Riyadh from 3 to 5 September, with the participation of over 300 exhibitors and more than 350 investors. 

BIM Ventures is set to announce further details about VBC soon.

BIM Ventures targets building successful and sustainable enterprises from the ground up by capitalizing on its expertise, resources, and network.

It is worth noting that 24 Fintech gathered regulatory bodies, policymakers, investors, technology experts, and industry leaders from around the world to discuss several topics, including, fintech regulation and governance, artificial intelligence and machine learning in financial operations, financial inclusion, cybersecurity and big data, embedded finance, and more.