Riyadh, Saudi Arabia – February 11, 2025 Buildnow, the first BNPL company in the MENA region that specializes in decoupling trade from credit in the B2B sector, has announced that it has successfully raised $10 million through a combination of debt and non-dilutive financing. This investment round will enhance Buildnow’s services and expand its support to small […]
Saudi LegalTech Startup ‘MOHAMI’ Secures SAR 1 Million in Pre-Seed Funding
Riyadh, Saudi Arabia – Mohami, a pioneering Saudi startup specializing in AI-driven legal consultancy, has successfully closed a pre-seed investment round worth SAR 1 million, raising the company’s valuation to SAR 15 million. The newly acquired funding will be utilized to strengthen Mohami’s presence in the Saudi market and expand its service offerings to meet […]
Saudi’s SVC invests in 54 Funds revealed in its recent “Impact Report”
Riyadh, Kingdom of Saudi Arabia – Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted SVC’s impact on the private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) in the Kingdom since the company’s establishment in 2018. The SVC […]
Saudi AI Startup vminds.ai Secures 6 Figure Pre-Seed Investment Round
Riyadh, Saudi Arabia – Saudi-based AI startup vminds.ai has successfully closed a six-figure pre-seed investment round led by angel investors from various sectors. Following this funding, the company has officially launched its platform for individuals, with plans to introduce an enterprise version in Q3 2025. The startup also aims for regional and global expansion while […]
SiFi Expands with Acquisition of Neya Technologies, Strengthening Its B2B Expense Management Capabilities
Simplified Financial Solutions Company (“SiFi”), an affiliate of SiFi AlHulul Almubassatah, a Saudi Arabian EMI-licensed entity, has successfully completed the acquisition of Neya Technologies, a Dubai-based B2B expense management platform. Founded in 2023, Neya Technologies had been operating in stealth mode prior to this acquisition. With this strategic move, SiFi reinforces its mission to simplify […]
MoneyHash Partners with Foodics to Enhance Payment Solutions in the F&B Sector across Middle East and Africa
Foodics, the award-winning restaurant and payment technology company, has chosen MoneyHash, the region’s leading payment orchestration and revenue operations platform, to increase operational efficiency for restaurants and food service businesses across the MEA region. Foodics leads by driving innovation and empowering food and beverage (F&B) businesses to thrive in a constantly evolving market and over […]
Saudi Fintech Forus Secures $60 Million Debt Facility from Fasanara to Power SME Growth in Saudi Arabia
Riyadh, 30 January 2025 – Forus, one of Saudi’s leading debt crowdlending platforms specialising in working capital solutions for SMEs, has secured a $60 million securitization debt facility from Fasanara Capital Ltd (“Fasanara”), a London-based investment manager with over $4.5 billion in assets under management. This funding will enable Forus to scale towards becoming one of […]
Lendo secures $690mln Warehouse facility led by J.P. Morgan to boost SME financing in Saudi Arabia
RIYADH — Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia’s fintech sector and the vast opportunity in SME financing in the economy. The facility is expected to contribute […]
Saudi Alrajhi Bank Achieves 19% Growth with Net Profits of 19,722 Million SAR in 2024
Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, announced that the bank achieved net profits of 19,722 million Saudi Riyals for the year 2024, reflecting a growth rate of 19% compared to 16,621 million Riyals in 2023. Total operating income reached 32,055 million SAR, with a growth of […]
Ibtikar Fund Invests in Saudi’s PropTech Nabeeh to Revolutionize Maintenance Management
Ramallah, Palestine (29/01/25) – Ibtikar Fund is excited to announce its investment in Nabeeh, a game-changing PropTech startup revolutionizing maintenance and cleaning services for property owners, real estate operators, and multi-branch businesses through cutting-edge technology and on-demand innovation. This investment underscores Ibtikar Fund’s strategy of supporting innovative and scalable startups that address real market needs and deliver […]