Riyadh / Singapore: Takadao, the Web3 platform behind bankless financial alternatives, has announced the close of its US$1.5 million seed round, bringing its total funding raised to US$3.1 million. The round saw participation from global investors including Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (US), Adverse (Saudi […]
Riyadh, Saudi Arabia: Paymentology, the leading global issuer-processor, has announced the launch of PayCredit, an advanced credit ledger platform designed to help digital banks and financial institutions deliver tailored, feature-rich credit products faster and more efficiently. The launch comes as the GCC and Saudi Arabia witness rapid growth in digital banking, driven by Vision 2030’s financial […]
The platform operates under the regulatory oversight of the Regulatory Sandbox of the Real Estate General Authority (REGA), further strengthening investor confidence and reaffirming its commitment to governance and regulatory standards. Riyadh, Saudi Arabia: Ghanem, the digital real estate platform specializing in fractional ownership solutions, announced the closure of a funding round worth USD 7.1 million […]
Riyadh, Saudi Arabia – November 2025: The Saudi Central Bank (SAMA) has officially granted a license to Darb Pay for Information Technology to provide electronic wallet (e-wallet) solutions in the Kingdom. With this addition, the total number of licensed payment service providers operating under SAMA’s supervision now stands at 28. This move underscores SAMA’s ongoing […]
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has officially granted a license to Tabby Finance to conduct deferred payment (Buy Now, Pay Later) activities in the Kingdom, bringing the total number of licensed finance companies to 68. The move is part of SAMA’s ongoing efforts to strengthen the Kingdom’s financial sector, enhance the […]
Abdul Latif Jameel Finance, a leading financing provider regulated by the Saudi Central Bank (SAMA), has signed a Memorandum of Understanding (MoU) with Ant International to explore fintech collaborations aimed at enhancing digital financial services in the Kingdom. Headquartered in Singapore, Ant International provides digital payment and financial technology solutions to consumers and businesses around […]
Builtop, a Saudi digital procurement startup transforming construction and real estate operations, has raised $11 million in a funding round led by TAM Capital, with participation from other investors. Founded in 2024 by Ayman Aljohani, Builtop provides embedded finance solutions, including “pay-later” trade credit, helping contractors and suppliers manage cashflow, streamline material sourcing, and accelerate […]
Workey, Saudi Arabia’s leading business solutions platform, has announced the successful closure of an investment round with Falak Investment Hub, marking a major milestone in the company’s growth journey. This partnership will enable Workey to officially launch its first version and accelerate the development of next-generation features, including AI-powered services and tailored solutions for investors. […]
Riyadh — Binbar Investment, a company specialized in real estate investment solutions, announced the signing of a strategic partnership with Joa Capital, along with Rabeh serving as the fund’s technical advisor, to launch Marhoon Fund, the first direct financing fund in Saudi Arabia dedicated to securing loans through lease and usufruct contracts. The fund has a […]
Riyadh, Saudi Arabia – Rasēd, a Saudi-based fintech specializing in AI-powered financial fraud detection and prevention, has successfully closed its Pre-Seed funding round led by Wa’ed Ventures and SHARE Investment Co., with participation from additional investors. Founded in 2022 by Dr. Talal Albadrani and Mostafa Al-Salhi, Rasēd is building next-generation fraud detection systems to help […]