Gamesbandy has raised a Seed round led by Flat6labs and Tamkeen

Gamesbandy, an Egyptian Gaming startup, has secured an undisclosed Seed fundraise from Flat6labs Bahrain and Tamkeen.

Flat6Labs Bahrain is a seed program supported by Tamkeen that accelerates and launches both local and international Startups in the Kingdom of Bahrain. Flat6Labs Bahrain, which opened in 2018 as the sixth Flat6Labs office in the MENA area, assists and encourages entrepreneurs as they navigate the important early stages of their businesses. The program selects 8–10 talented teams to join its program each cycle.

Bahrain’s Tamkeen is a semi-autonomous government agency. National Communication Centre established it in 2006 to give help and training to private-sector enterprises and people, as well as to support the sector’s development.

Funding to Gamesbandy came because the startup would be targeting the MENA regional market, which Bahrain is part of and which Flat6Labs focuses on.

Founded in May 2020, Gamesbandy is a MENA-based gamer marketplace that allows users to deal safely while ensuring the legitimacy of their purchases and transactions. Users like having a reliable, safe site to exchange their gaming accounts and things, while Gamesbandy profits from commissions on purchases.

The startup is growing fast within the gaming marketplace, allowing gamers to trade accounts, in-game items, or virtual currency for in-game purchases. Gamers can sell their old high-level accounts to those who prefer to pay rather than start at the beginning.

Abdulrahman Aboshamah, Gamesbandy Founder stated "Gaming is no longer a pastime. Due to the tremendous popularity of gaming throughout the world, many gamers have turned their passion into a lucrative business, and we're aiming to facilitate that for the gaming community."

With this investment, Flat6Labs joins other investors in Egypt’s startup gaming space such as 4DX Ventures. Investment, last year, in Anubis Gaming came from a regional ecommerce group. 

Gamesbandy will utilise the funds to improve its platform, as well as expand to support more games, and invest in marketing to grow the user base faster. The startup also plans to expand geographically in the future and aims to become the one-stop-shop for games trading in the Mena region.