Bahrain, Manama – [28-09-2025]: Ajyad Capital, a leading investment management firm licensed by the Central Bank of Bahrain (CBB), has announced a new strategic partnership with prime global brokerage EXANTE which extends Ajyad’s global reach, providing investors with exposure to a wide range of financial instruments in international markets, through its upcoming digital investment platform. […]
DOO combines advanced natural language processing with regional linguistic expertise to deliver seamless AI-driven support tailored to Arabic dialects and cultural nuances. Riyadh, Saudi Arabia – DOO, the AI-powered customer experience platform transforming how enterprises engage with their customers, announced the close of its $1.7M funding round led by Merak Capital, with participation from Plus VC […]
This progress reflects the Kingdom’s evolution to a fintech environment that is ready and attractive for innovation, investment, and growth. Riyadh, Saudi Arabia: The Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory foundations for fintech growth, announcing that a total of 68 fintech experimental permits have been granted by the end […]
SAUDI ARABIA – TerraPay, a global money movement company, announced a strategic partnership with D360 Bank, the innovative Saudi Sharia-compliant digital bank, to power inbound money movement into the Kingdom of Saudi Arabia (KSA). With this launch, Saudi Arabia is now fully enabled for inbound of all use‑case flows – P2P (C2C), C2B, B2C, B2B, with […]
Riyadh, Saudi Arabia — FlyNow Arabia Ltd. has secured strategic investments from Den VC, as well as from the Al-Mohaidab, Reslan, and Mehchi family offices from Saudi Arabia and across the MENA region. These investments will enable FlyNow Arabia to fast-track the localization of its electric air mobility operations in the Kingdom. Over the coming year, […]
RIYADH, Saudi Arabia– Saudi National Bank (SNB), the Kingdom’s largest financial institution, today announced plans to launch a first-of-its-kind Point-of-Sale (POS) lending solution for small and medium enterprises (SMEs). The solution is powered by Tarabut, MENA’s leading regulated financial technology platform, and delivered through Geidea, one of Saudi Arabia’s leading payment solutions providers. This initiative remains subject to all necessary […]
Headquartered in Riyadh, erad has processed over $50 million in financing for small businesses across the GCC, with approval in just 48 hours With over $532 million in funding requests, erad intends to diversify capital deployment to SMEs and expand its product offering. Riyadh, Saudi Arabia – erad (www.erad.co), the Riyadh-headquartered alternative financing platform for SMEs, […]
Remitly is pleased to announce that it has signed a Letter of Intent (LOI) with tiqmo, one of the fastest-growing mobile wallet providers in the Kingdom of Saudi Arabia, to explore a strategic partnership aimed at expanding access to cross-border remittance services in the region. The LOI was signed at tiqmo’s booth during Money20/20 Middle […]
RIYADH – Saudi Arabia-based fintech company Bwatech has secured $16 million (SAR 60 million) in a funding round led by Sharaka Financial, aimed at accelerating growth and expanding its presence in the Kingdom’s financial market. Founded in 2020 by Rasha Al-Oraini and Hashem Al Hekail, Bwatech provides an integrated fintech platform offering digital bank guarantees, […]
Bynow has raised $1.2 million from Merak Capital to accelerate product development, expand its suite of B2B payment offerings, and strengthen its presence in Saudi Arabia and the wider MENA region. Bynow is a Saudi-based fintech pioneering B2B Buy Now, Pay Later (BNPL) solutions to give businesses the flexibility to manage payments and unlock smoother […]