Manama, Kingdom of Bahrain – BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, announced that it reached a total volume of 421 million for all electronic fund transfer transactions (Fawri, Fawri+, and Fawateer) through BenefitPay in the year 2024. This signifies a significant 22% increase in transaction volume compared to the […]
Riyadh, Saudi Arabia – Ebra, a Saudi-based FinTech company specializing in AI-powered debt collection, has successfully raised $2 million in a Seed funding round. The investment was led by Seen Holding, with participation from Raz Holding and a group of strategic investors. This funding will enable Ebra to expand its operations in the FinTech sector, […]
Riyadh, Saudi Arabia – February 11, 2025 Buildnow, the first BNPL company in the MENA region that specializes in decoupling trade from credit in the B2B sector, has announced that it has successfully raised $10 million through a combination of debt and non-dilutive financing. This investment round will enhance Buildnow’s services and expand its support to small […]
Riyadh, Saudi Arabia – Mohami, a pioneering Saudi startup specializing in AI-driven legal consultancy, has successfully closed a pre-seed investment round worth SAR 1 million, raising the company’s valuation to SAR 15 million. The newly acquired funding will be utilized to strengthen Mohami’s presence in the Saudi market and expand its service offerings to meet […]
Riyadh, Kingdom of Saudi Arabia – Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted SVC’s impact on the private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) in the Kingdom since the company’s establishment in 2018. The SVC […]
Riyadh, Saudi Arabia – Saudi-based AI startup vminds.ai has successfully closed a six-figure pre-seed investment round led by angel investors from various sectors. Following this funding, the company has officially launched its platform for individuals, with plans to introduce an enterprise version in Q3 2025. The startup also aims for regional and global expansion while […]
Simplified Financial Solutions Company (“SiFi”), an affiliate of SiFi AlHulul Almubassatah, a Saudi Arabian EMI-licensed entity, has successfully completed the acquisition of Neya Technologies, a Dubai-based B2B expense management platform. Founded in 2023, Neya Technologies had been operating in stealth mode prior to this acquisition. With this strategic move, SiFi reinforces its mission to simplify […]
Foodics, the award-winning restaurant and payment technology company, has chosen MoneyHash, the region’s leading payment orchestration and revenue operations platform, to increase operational efficiency for restaurants and food service businesses across the MEA region. Foodics leads by driving innovation and empowering food and beverage (F&B) businesses to thrive in a constantly evolving market and over […]
Riyadh, 30 January 2025 – Forus, one of Saudi’s leading debt crowdlending platforms specialising in working capital solutions for SMEs, has secured a $60 million securitization debt facility from Fasanara Capital Ltd (“Fasanara”), a London-based investment manager with over $4.5 billion in assets under management. This funding will enable Forus to scale towards becoming one of […]
RIYADH — Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia’s fintech sector and the vast opportunity in SME financing in the economy. The facility is expected to contribute […]