The Saudi Central Bank (SAMA) and Ant International have signed an agreement to enable the acceptance of Alipay+ payments by 2026 through the National Payment System (mada) in Saudi Arabia. The announcement was made during the Money20/20 Middle East conference held in Riyadh International Convention and Exhibition Center. This agreement is part of SAMA’s ongoing […]
The Saudi Central Bank (SAMA) announces the launch of Google Pay, one of Google’s products, through the national payment system (mada) in Saudi Arabia, unveiled during the Money20/20 Middle East Conference and Exhibition at the Riyadh Exhibition & Convention Center in Malham. This initiative is part of SAMA’s ongoing efforts to enhance the digital payments […]
Gives merchants in Saudi Arabia local access to CyberSource for payment processing, fraud management and other solutions Supports mada card payments and advances Saudi Vision 2030’s digital economy goals Riyadh, Saudi Arabia: Visa, a global leader in digital payments, today announced that the Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia — […]
HALA, Saudi Arabia’s leading fintech and provider of embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B investment round — officially one of the largest fintech Series B funding rounds in the Middle East. The funding round is led by The Rise Fund, TPG’s multi-sector global impact […]
Riyadh: Saudi Arabia-based fintech unicorn Tamara is set to secure at least $1.4 billion in financing from a consortium of global financial institutions, including Goldman Sachs Group Inc., Citigroup Inc., and Apollo Global Management Inc. The deal, which refinances and expands a previous debt facility arranged by Goldman Sachs, ranks among the largest asset-backed financing […]
KSA’s financial sector is moving quickly toward data-driven lending. AdalFi’s latest figures highlight why the region is ready. The company has enabled more than $200M in loans through partner banks with defaults steady at 0.2%. Its AI scoring engine has processed 1.2B+ transactions, evaluated 30M+ borrowers and continuously learns from 50K+ monthly repayment outcomes. The […]
Riyadh, Saudi Arabia — Fitting, a Saudi Arabia-based construction technology (contech) startup, has raised $500,000 in a pre-seed funding round led by a strategic angel investor. Founded in 2024 by Ahmed Rian and Abdulaziz Almubayad, Fitting aims to streamline the procurement of building materials by connecting wholesale suppliers, retailers, and real estate developers through its […]
AdalFi has reinforced its presence in the Kingdom with two senior hires designed to balance rigorous risk with enterprise-grade delivery. Ian Read joins as Head of Credit Excellence and Emre Unlusoy becomes Head of Sales for MEA. The appointments align with the goals of Vision 2030 as banks in KSA scale digital lending and widen […]
The round was led by Prosus Ventures, includes VentureSouq, Dash Ventures, Taz Investments and Sanabil 500 Riyadh, Saudi Arabia, 8th September 2025 – Orbii, the embedded credit infrastructure platform enabling financial institutions and B2B platforms to launch SME lending products, has raised $3.6 million in seed funding, led by Prosus, with participation from VentureSouq, DASH […]
The Fund will back category-defining technology companies at the growth and pre-IPO stages. anb capital and Lexham Partners have announced that they are launching a $200 million Growth Fund dedicated exclusively to the MENA region, with a strategic focus on the Kingdom of Saudi Arabia. The Fund will back category-defining technology companies at the growth […]