Bahrain-based fintech companies BENEFIT and FLOOSS have signed a memorandum of understanding to explore integrating nano financing into BenefitPay.
The proposed solution would offer small-ticket digital financing for everyday liquidity needs. Under the agreement, BENEFIT will contribute its electronic financial transaction capabilities, while FLOOSS will bring its digital consumer financing expertise.
The companies will assess the potential integration into BenefitPay, with any development or implementation dependent on further agreements. According to the announcement, the initiative could make Sharia-compliant financing more accessible through one of Bahrain’s widely used digital platforms.
The MoU was signed at Fintech Forward 2026 by Abdulwahed AlJanahi, chief executive of BENEFIT, and Fawaz Ghazal, group chief executive officer of FLOOSS.
Fintech Forward 2026 is taking place on October 7 and 8 at Exhibition World Bahrain under the theme “Finance in the Age of Intelligent Infrastructure.” The forum brings together financial institutions, technology companies, investors and policymakers to discuss industry developments and investment opportunities.
Source: Biz Bahrain
