BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on […]
Riyadh, Saudi Arabia – May 29, 2025 — Taawoni, a pioneering platform digitizing cooperative training and professional development, has successfully closed a $1.6 million investment round, led by M Capital, with participation from several strategic investors committed to driving innovation in the education and workforce development sectors. Founded to streamline and automate cooperative training (Co-op) […]
Partnership will introduce three credit cards — Mastercard NMOO Executive Credit Card, Mastercard NMOO Business Credit Card, and Mastercard NMOO World Credit Card – to provide SMEs with enhanced access to funding. Riyadh, Saudi Arabia – Riyad Bank and Mastercard have collaborated to provide small and medium-sized businesses in Saudi Arabia with enhanced access to funding. […]
Partnership marks significant milestone in payment operations automation in GCC. [Dubai, 29st May 2025] – PayTic, a leading payment operations automation platform, today announced a strategic partnership with NymCard, marking PayTic’s entry into the GCC with its first strategic client. This collaboration represents a significant milestone in bringing advanced payment automation solutions to the rapidly growing Middle East […]
Riyadh, Saudi Arabia – May 28, 2025 — Stitch, a Riyadh-headquartered fintech startup enabling faster deployment of banking and payment products, has raised $10 million in a seed funding round. The round was led by Arbor Ventures, COTU Ventures, Raed Ventures, and the Saudi Venture Capital Company (SVC), with additional participation from prominent family offices […]
Dubai, UAE – Loyalty rewards have long sat idle on corporate ledgers — expiring quietly, trapped inside walled gardens. A new partnership between Fuze, a prominent digital asset infrastructure firm, and Gennius Global Hub, a rewards tokenization specialist, aims to liberate them, turning once-stagnant points into tradable liquid assets with universal acceptance. At the heart […]
[26 May 2025, Riyadh, Saudi Arabia] PayTabs Group, a Future 100 company and MENA’s award-winning payment orchestration powerhouse, today announced the launch of its enhanced Artificial Intelligence (AI) powered payment orchestration platform. Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role […]
D360 Bank, the innovative Saudi Shariah-compliant digital bank, has announced that it has reached more than one million customers within the first four months of its official launch, setting a new global benchmark in digital banking adoption. This milestone underscores the growing demand for seamless and secure digital financial solutions in Saudi Arabia. Since beginning […]
Riyadh, Saudi Arabia — BirdEye, a Saudi-based retail management platform, has successfully closed its pre-seed funding round, raising SAR 2.2 million. The round saw participation from a private investment fund dedicated to supporting early-stage local tech startups, signaling strong investor confidence in the platform’s vision and market potential. Founded in November 2024, BirdEye is rapidly […]
Riyadh Valley Company, the investment arm of King Saud University, announces its investment in MEVF IV managed by MEVP. Founded in 2010, MEVP is a leading venture capital firm that invests in early and growth-stage technology startups led by talented entrepreneurs across the Middle East and North Africa, with particular focus on the Gulf Cooperation Council […]