SC Ventures has signed a strategic partnership with Sanabil Studio to build and scale high-impact, SME-focused fintech ventures in Saudi Arabia, aligning with the Kingdom’s Vision 2030 economic transformation agenda.
Under the collaboration, the two entities will explore venture creation initiatives and co-investment opportunities, with a focus on developing scalable fintech solutions that address key challenges faced by small and medium-sized enterprises (SMEs). These include access to finance and working capital, payments and embedded finance, SME banking infrastructure, and solutions aimed at improving SME productivity, growth, and scalability.
The partnership combines SC Ventures’ global fintech expertise and international network with Sanabil Studio’s venture-building platform and deep local market knowledge in Saudi Arabia.
Commenting on the partnership, Gabriel Heredia, Country Lead for Saudi Arabia at SC Ventures, said the collaboration brings together complementary strengths to support entrepreneurs building scalable SME-focused solutions that contribute to the Kingdom’s Vision 2030 objectives.
Muhanad Alashtr, Head of Venture Build at Sanabil Studio, noted that the Memorandum of Understanding enables Sanabil Studio to leverage SC Ventures’ global fintech experience and network as it develops and validates companies designed to compete in both regional and international markets.
Both parties highlighted their shared ambition to foster responsible innovation and contribute to the development of a sustainable SME-focused fintech ecosystem in Saudi Arabia.
