Riyadh, KSA — Abhi Saudi, powered by Alraedah Digital Solutions, has announced its partnership with QBS to provide employees with instant access to earned wages through its Earned Wage Access (EWA) solution. This initiative enables QBS employees to withdraw a portion of their salaries anytime during the month, supporting financial stability and reducing dependency on short-term […]
The Riyadh-born payments platform brings total seed funding to $9.2 million, with participation from Outliers, STV, Flourish, Arab Bank and BYLD. Riyadh, Saudi Arabia – 12 May, 2025 – Stream, the Riyadh-born payments and billing platform, has announced a $5.2 million seed extension. This comes less than six months after closing its initial seed round; […]
Riyadh, Saudi Arabia – Thamma Al‑Masar today announced its launch as a Saudi-registered strategy and business consultancy with a long-term commitment to fostering a genuinely Saudi business and nurturing local talent. The new Saudi brand is built to support organizations across Saudi Arabia and the GCC as they navigate one of the most ambitious and exciting economic and cultural transformations in the world. The […]
Riyadh, Saudi Arabia – Merak Capital, a Saudi-based investment firm licensed by the Capital Market Authority, leads a $1.65M investment round in Hakeem Health alongside Sanabil 500. Hakeem Health is a healthcare technology company developing an AI-powered medical assistant that delivers real-time, evidence-based clinical insights at the point of care in multiple languages. Hakeem Health’s flagship […]
Riyadh, Saudi Arabia – HSBC has been appointed as an International Primary Dealer by the Saudi Ministry of Finance and National Debt Management Center (NDMC), enabling the global bank to act as an intermediary between foreign investors and Saudi Arabia’s local government debt instruments. The announcement follows a visit to the Kingdom by Georges Elhedery, Group […]
Saudi Central Bank (SAMA) has licensed Lite Advanced Financial Company to provide e-wallet solutions in Saudi Arabia, further strengthening the Kingdom’s growing digital payments ecosystem. With the addition of Lite Advanced Financial, the total number of licensed companies offering payment services in Saudi Arabia has now reached 32. The move reflects SAMA’s continued efforts to […]
Khwarizmi Ventures has announced the first close of its second venture capital fund, securing commitments exceeding SAR 270 million (more than $70 million) to support early-stage technology startups across the Gulf Cooperation Council (GCC) region. The new fund will focus on seed and Series A investments, with initial ticket sizes ranging between $1 million and […]
Saudi digital health startup Metafare has closed its first funding round at $1 million, backed by Harmonics Ventures and a group of family offices, as it looks to scale its AI and virtual reality-powered healthcare platform. The funding will support the company’s expansion across Saudi Arabia, development of its AI-driven personalisation technologies, and growth of […]
barq is the first Alipay+ payment partner in the Middle East to enable outbound cross-border QR payments for over 12 million users from the Kingdom of Saudi Arabia (KSA) across 220+ markets. Ant International deepens its commitment to KSA by promoting cross-border payment connectivity, bridging local payments to the global ecosystem. Riyadh, Kingdom of Saudi Arabia – barq, […]
Saudi Arabia-based contech platform BRKZ has secured a strategic investment from Saudi Industrial Investment Company (SIC), the investment arm of the Saudi Industrial Development Fund (SIDF), marking a significant milestone in the Kingdom’s push to digitise and scale its industrial ecosystem. Founded in 2023 by Ibrahim Manna, BRKZ operates as a B2B construction technology (contech) […]