BenneFin and Muthoothu Mini Forge Strategic Partnership

TDT | Manama

Email: mail@newsofbahrain.com

BenneFin, a leading debt crowdfunding platform headquartered in Bahrain, has signed a Memorandum of Understanding (MOU) with Muthoothu Mini, a renowned gold loan company based in India.

The strategic partnership aims to enhance financial offerings in the Gulf Cooperation Council (GCC) markets by combining BenneFin’s crowdfunding expertise with Muthoothu Mini’s market leadership in goldbacked financing.

The MOU, signed on December 7, 2024, marks a significant step in BenneFin’s efforts to expand its reach in the region. The collaboration will focus on providing gold-backed loans tailored to the needs of small and medium enterprises (SMEs), a key segment of BenneFin’s product portfolio.

Muthoothu Mini, which operates over 900 branches across India, is widely regarded as a trusted name in the gold loan sector. The partnership allows BenneFin to leverage Muthoothu Mini’s deep expertise and established reputation in gold-backed financing, enabling both companies to address the growing demand for innovative financial solutions in the GCC.

The agreement paves the way for joint initiatives aimed at creating accessible, secure, and customer-friendly financial products. With a strong presence in Bahrain, BenneFin is poised to use this partnership to expand its footprint and offer SMEs reliable funding options for working capital needs.

“This collaboration represents a unique opportunity to unlock new growth avenues in the GCC markets,” said a spokesperson for BenneFin. “By combining our strengths with Muthoothu Mini’s expertise, we are committed to meeting the evolving financial needs of SMEs in the region.” The partnership underscores a shared vision of fostering innovation and growth in the financial sector, further enhancing the availability of critical funding solutions for businesses in Bahrain and the broader GCC region.