Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has officially granted a license to Nayla Finance to operate in the field of microfinance, marking another step in the Kingdom’s efforts to expand and strengthen its financial sector. With this addition, the total number of licensed financing companies in Saudi Arabia has reached 66. The move […]
Riyadh, April 2025 – STV, the leading growth investor in the tech sector in MENA, has announced the final close of its inaugural non-dilutive capital vehicle, the STV NICE Fund I. This milestone follows a successful commitment from SAB Invest through its Alternative Financing Fund, a CMA-licensed private fund, as well as several family offices. […]
The RHQ in Riyadh will provide strategic, administrative and corporate services for BNY in the Middle East. RIYADH – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, today announced it has been granted a regional headquarters (“RHQ”) license by the Ministry of Investments in Saudi Arabia (“MISA”). The RHQ […]
Tuba, a Saudi startup that offers medical solutions for businesses targeting corporate employees, announced it has raised $8 million in pre-seed funding. The round was backed by a group of investment firms and angel investors from industry leaders and entrepreneurs. The company will use the new funding to create a healthcare management platform that uses artificial […]
The company’s Shariah-compliant platform leverages proprietary data modeling for risk assessment and approves applicants within 48 hours Regional businesses including Citron, Wixsana, and House of Pops have accessed funding through erad. Riyadh, Saudi Arabia/ Dubai, UAE – erad (www.erad.co), the Riyadh-headquartered alternative financing platform for SMEs, has successfully raised $16 million [SAR 60 million] in a Pre-Series […]
Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has officially granted a license to Tamawal® to operate as a Finance Aggregation Services provider, marking a significant milestone in the Kingdom’s efforts to enhance innovation and inclusivity within the financial sector. With this latest approval, Tamawal becomes the sixth licensed company authorized to offer finance […]
Islamabad/Riyadh – MedIQ, a pioneering health tech startup founded in Pakistan, has raised $6 million in a Series A funding round to drive its expansion across the GCC region. The round was co-led by Qatar-based Rasmal Ventures and Saudi Arabia’s Joa Capital, with strong follow-on participation from existing investors. Founded in 2020 by physician-turned-entrepreneur Dr. Saira Siddique, MedIQ offers a proprietary […]
Riyadh, Saudi Arabia: Pemo, the all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom. Backed by $19 million in funding from global investors, the MENA-grown FinTech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense […]
EU/UAE/Global – After making waves across industries from smart tech R&D and manufacturing to cutting-edge fintech solutions, Sanso Technologies has announced the launch of its most ambitious innovation yet: SansoPay – a revolutionary digital payment platform set to redefine how the world sends, receives, and manages money. Backed by over two decades of technological leadership, Sanso Technologies, led by its […]
Calo, the Saudi-headquartered foodtech startup, has expanded into the United Kingdom with the acquisition of two local prepared meal delivery brands, Fresh Fitness Food and Detox Kitchen. The UK expansion marks Calo’s first international move outside of the GCC, as the startup looks to build on its rapid growth in the Middle East. Founded in […]