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Type | Private |
---|---|
Industry | Financial services |
Founded | 2000 |
Founder | Mo Fakhro |
Headquarters | , |
Area served | Middle East, North America, India, South Asia, South East Asia, Africa |
Services | |
Website | https://www.mbafakhro.com/ |
MBA Fakhro is a Bahrain-based holding company with corporate offices in North America (Silicon Valley), [1] South Asia, the Middle East, Africa, and South East Asia holding stakes in companies with distinct interests. MBA Fakhro owns businesses across these nations in the fields of Greenfield Capital, Venture Capital and Heritage Capital. It includes E-commerce, Media, Business software, Education, Health, Genomics, Fintech etc. The prominent family companies of MBA Fakhro with commercial operations are Abdulla Yousif Fakhro & Sons Group, Adel Fakhro & Sons, Y.K. Almoayyed & Sons Group, [2] Go International, SunCity Ventures.
Mo Fakhro, [3] the member of fifth generation of Fakhro Group based in Bahrain has the business legacy of 100 years in GCC, Iraq and India, founded MBA Fakhro on June 11, 2000. Mo Fakhro is presently holding the position as one of the directors in Fakhro Group.
As part of the Greenfield Capital unit, MBA Fakhro has created several companies in sectors such as artificial intelligence, machine learning, biotech, business automation software, fintech, electric cars, drones, websites, apps, green technology and the Internet of Things. Also they acquired franchises in United States, India, Middle East and Africa.
The various subsidiaries coming under the aegis of MBA Fakhro in the Commercial Services divisions include: [4]
MBA Fakhro's Greenfield Capital unit comprises financial capital allocated to new businesses.
MBA Fakhro has numerous e-commerce business segments, particularly in Bahrain and the Middle East.
Dukakeen is a Middle Eastern focused e-commerce business subsidiary of MBA Fakhro. The platform connects sellers with clients from the Middle East and allows them to create their stores on the website. [5]
Bombaybuy is a fashion-focused online marketplace made for the Indian market. The portal connects fashion buyers and sellers from around India.
Nafaneef is a Middle East and North African online fashion marketplace. This portal aims to create a marketplace for dress buyers and sellers throughout the Middle East and North Africa.
Applebees’s Bahrain is a franchise business of Applebee's, an American Grill + Bar restaurant chain. [6]
MyFoodMyWay is a business focuses on delivering home-cooked meals created by people in their homes, restaurant cuisine, and precooked foods offered by MyFoodMyWay. The company's current target is the MEASA market.
Touristers is a business held by MBA Fakhro that deals with tours, hotels, and car rentals for tourists.
MBA Fakhro holds Clicks, a social networking company primarily focused on short videos in the Indian market.
HardwareReview is an IT firm held by MBA Fakhro that focuses on computer hardware news.
Under the business Straight Line Media, MBA Fakhro signed an agreement to promote businesses through Megacom outdoor billboards to beneficiary companies of ‘business angels’ network Tenmou. [7]
Voyager IT Solutions is MBA Fakhro's IT subsidiary in India, founded to provide IT support to most MBA Fakhro firms. [8]
RedSky Software is a Middle Eastern software reseller based in Bahrain. The company distributes and implements the business software products of other business software companies from MBA Fakhro's Greenfield Capital section across the Middle East. MBA Fakhro had partnered with GTS One to implement their ERP solutions throughout the Kingdom of Bahrain. [9]
Artify is an artificial intelligence-enabled business that comprises cloud-based human capital management, customer relationship management, project management, and financial management solution. [10]
Academia Enterprises is the exclusive franchisee of EtonHouse, a global education firm with 100 pre-schools and schools, to introduce its international school franchise to the Arabian Gulf regions.
MBA Fakhro owns franchisee business of Anytime Fitness, one of the world's largest fitness companies, with over 4000 gyms worldwide. [11]
MBA Fakhro's venture capital firms invest in various startups in Bangalore, Silicon Valley, Shenzhen, Tel Aviv, Dubai, and Cambridge.
MBA Fakhro has established a solid foothold in the genomics area, with multiple startups under their wing.
23andMe is a California-based corporation that provides genetic information to consumers to learn more about their history and disease susceptibility.
Haystack Analytics is a company in India specializing in the burgeoning field of genome analysis. The company has created several technological products used in hospitals and labs throughout India. [12]
MBA Fakhro's Greenfield Capital unit's Fintech business section comprises both leading and emerging fintech companies.
Revolut is a financial tech firm located in the United Kingdom that aims to modernize the banking industry.
Swogo is a Lisbon-based start-up that distributes automated cross-selling bundles to internet retailers.
Plum is a UK-based company that creates and distributes an AI assistant that provides customers with automated guidance on investing decisions.
MBA Fakhro sets its foot in the manufacturing industry with a 3D printing firm based on futuristic technology.
Ethereal Machine is a Indian based maker of 5-axis CNC machines that it supplies to manufacturers worldwide, targetting aircraft, cars, and healthcare industries.
MBA Fakhro is known for taking a conservative approach to capital markets to achieve stable, consistent rates of return.
SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012.
The economy of Bengaluru contributes over 43.65% to the economy of the State of Karnataka, accounting for 98% of the Software Exports of the State.
The Fakhro Group, also known as the Abdulla Yousif Fakhro Group, represents a collection of businesses owned by the descendants of the late Abdulla bin Yousif Fakhro. The group is one of the oldest and most prominent family businesses in the Kingdom of Bahrain. The collection of businesses are currently headquartered in Manama, Bahrain with operations in Qatar and the UAE.
Index Ventures is a European venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. Since its founding in 1996, the firm has invested in a number of companies and raised approximately $5.6 billion. Index Venture partners appear frequently on Forbes’ Midas List of the top tech investors in Europe and Israel.
CIVC Partners, previously known as Continental Illinois Venture Corporation, is a Chicago-based private equity firm that presently has over $1.8 billion of equity capital under management. The firm's predecessor was established in 1970 as a subsidiary of Continental Illinois National Bank and Trust Company. CIVC Partners provides growth and buyout capital to middle-market companies engaged in business services, utility and infrastructure services, facility services, transportation & logistics, outsourced services, environmental services, IT services, software & tech-enabled services, insurance services, compliance and risk management, digital marketing services and financial technology. When Continental Illinois was acquired in 1994 by Bank of America, the CIVC team formed a semi-independent private equity firm, CIVC Partners, with backing from Bank of America. Today, CIVC is an independent middle-market private equity firm with a diverse group of L.P. investors, and recently raised its sixth fund.
Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Founded in August 1999 and based in San Francisco with offices in London and New York, Francisco Partners Management L.P. has raised approximately USD $24 billion in committed capital as of June 2020 when the firm raised nearly $10 billion for tech company investments. As of 2020, Francisco Partners had more than $25 billion in assets under management and invested in over 300 companies in the technology sector.
Anytime Fitness is a franchise of 24-hour health and fitness clubs that is headquartered in Woodbury, Minnesota, United States. The company operates over 4,000 franchised locations in 50 countries. The gym facilities are open 24 hours a day, 365 days of the year. Anytime Fitness was the fastest growing health club franchise in 2014. In 2015, Entrepreneur Magazine ranked Anytime Fitness first on its global franchise list. Anytime Fitness is a subsidiary of Self Esteem Brands, LLC.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Infibeam Avenues Limited is an Indian multinational financial technology company which provides payment services globally under the brand name CCAvenue and e-commerce software services to businesses across various industries and the Government of India.
Seedrs is an equity crowdfunding platform, headquartered in East London's Tech City, founded by Jeff Lynn and Carlos Silva in 2012.
Dmitry Alimov is a Silicon Valley-based entrepreneur and investor in Internet and media businesses, founder and managing partner of the investment fund Frontier Ventures, co-founder of the online video service ivi.ru. He worked as a senior manager in major Russian and international companies, such as Access Industries, Gazprom-Media, TNT, Amedia, ru-Net Ltd, Sputnik Group. In 2012, Russian business magazine, Secret Firmy, named Alimov one of the Top-50 Russian Internet Millionaires. In 2016 the European CEO magazine named Dmitry Alimov Entrepreneur of the Year.
Silicon Valley Bank, a subsidiary of SVB Financial Group, is a U.S.-based high-tech commercial bank. The bank has helped fund more than 30,000 start-ups. SVB is on the list of largest banks in the United States, and is the biggest bank in Silicon Valley based on local deposits.
Fakhro Tower is a commercial office complex in Manama, Bahrain, located across the street from the Bahrain City Centre mall. The building is constructed on 30 floors consisting of a double-height lobby with showroom space, five floors of podium parking, and 24 floors of office space. The tower was designed by The Modern Architect and constructed by Kooheji Contractors.
Jamal Mohamed Al-Fakhro is a Bahraini legislator, business advisor and a member of Shura Council, the Bahraini upper house of parliament. He is the Managing Partner for KPMG in Bahrain. Fakhro was the first Arabian to be appointed as a member of the KPMG Global Board and Global council. Fakhro was the Chairman of the KPMG Middle East and South Asia (MESA) Board; and member of the KPMG Europe, Middle East and Africa (EMA) Regional Board till Oct 2014. Having served as Managing Partner since 1987, he has extensive experience in the field of Audit, Tax and Advisory services in the region, especially for government sector, and banking and financial services companies. He also advises many family businesses in relation to family governance, risk and sustainable succession planning. Fakhro has a special interest in the matters of Corporate Governance, and is a Founding Board Member of the Pearl Initiative in the Middle East, an initiative developed with the collaboration with the UN office for partnership aiming for transparency and accountability in the private sector.
Adam Nash is the CEO and co-founder of Daffy, a new fintech platform focused on charitable giving. Nash has been influential in fintech most notably as a serial angel investor, advisor, and board member in over 100 companies such as Acorns, Gusto, Figma, and Opendoor. His investments are geared towards making financial tools more accessible to the public via tech-enabled products. Nash’s interest in democratizing access to technology and its communities extends through his non-profit work starting in 2011 with Oshman Family JCC and most recently as the co-Chairman of ICON, a non-profit organization with the mission of creating a community in Silicon Valley for those who are passionate about Israeli technology & innovation and harnessing the strength of this community to help Israeli entrepreneurs & startups.
Synechron Inc. is a New York-based information technology and consulting company focused on the financial services industry including capital markets, insurance, banking, cards & payments and digital.
Revolut is a British financial technology company that offers banking services. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing "vaults", commission-free stock trading, crypto, commodities, and other services.
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bunq B.V. is an international fintech company with a European banking license operating in 30 European countries. It is headquartered in Amsterdam, where it was founded.