Tue, 16 September 2025: Lendo, the debt crowdfunding platform, has agreed to a Murabaha financing facility worth SAR 187.5 million (USD 50 million) with Jadwa GCC Private Credit Fund, a private credit fund managed by Jadwa Investment. In a statement, the company said this agreement represents a milestone in Saudi Arabia’s private credit landscape, bringing […]
RIYADH, Kingdom of Saudi Arabia: MoneyGram, a leading global payments network for consumers, businesses and communities, and D360 Bank have signed a Memorandum of Understanding (MoU). The agreement, signed during Money 20/20 Middle East, underscores the commitment of both organizations to accelerate digital transformation and support Saudi Vision 2030’s financial sector development agenda. The collaboration will […]
Abu Dhabi, UAE: Comera Pay, licensed and regulated by the Central Bank of the UAE and part of Abu Dhabi’s Royal Group, proudly announces that it has been granted Principal Membership by Visa, a world leader in digital payments. This achievement empowers Comera Pay to directly issue Visa Prepaid and Debit cards in the UAE, strengthening its role as […]
As Saudi Arabia’s fintech sector expands at record speed, Paymentology will deliver cloud-first innovation and on-the-ground leadership to power the Kingdom’s next-generation payments. Riyadh, Saudi Arabia – Paymentology, the leading global issuer processor, today announces its commercial registration in Riyadh to expand its on-the-ground presence. This strategic expansion brings world-class card issuing and payment processing capabilities […]
Riyadh, Saudi Arabia — LDUN, a Saudi-based fintech specializing in trade credit solutions between suppliers and retailers, has successfully closed a $4.8 million seed funding round. The investment was led by Sadu Capital, with participation from Suhail Ventures and numu Angels. Founded in 2021 by Firas Al-Hamdan and Faisal Bin Dakhil, LDUN is working to […]
Riyadh, Saudi Arabia — Oumla, a Saudi-based fintech specializing in digital asset infrastructure, has secured $2.4 million in seed funding led by Core Vision, with participation from Avalanche and a group of angel investors. Founded in 2022 by Mohammed Aljasser and Salah AlSalman, Oumla provides custody and management solutions for digital assets to corporates, banks, […]
Saudi fintech startup Spare has raised $5 million in pre-Series A funding led by anb Seed Fund, the venture arm of anb capital, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, Middle East Venture Partners (MEVP), Boubyan Ventures and other investors. The company will use the new capital to strengthen its integrations with banks […]
Digital payments in the Kingdom have surged from 18% in 2016 to 79% by the end of last year. Riyadh, Saudi Arabia – Money20/20 MiddleEast officially opened today at the Riyadh Exhibition and Convention Center, Malham, marking a historic moment for the global and regional financial technology sector. With more than 450 global and regional fintech brands, […]
London, UK and Riyadh, Saudi Arabia – 15 September 2025 – Thunes, the Smart Superhighway to move money around the world, has announced the rollout of real-time cross-border payments into Saudi Arabia. Through its Direct Global Network, Thunes’ Members can now deliver instant payouts directly to bank accounts and wallets in the Kingdom in Saudi Riyals (SAR), streamlining […]
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 […]