Simplified Financial Solutions Company (SiFi) announced the closing of its $10M seed round. The round was led by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), and RAED Ventures, with participation from prominent investors such as anb seed, Rua Ventures, Byld and KBW Ventures. The funding round also includes investors from […]
Iyris, a Saudi Arabia-based agritech startup, has secured $16 million in a Series A funding round led by the Ecosystem Integrity Fund (EIF). The company, founded in 2018 by Ryan Lefers, Derya Baran, and Mark Tester, aims to enhance global crop yields through innovative solutions such as greenhouse covers, nets, and advanced plant genetics. Formerly known […]
SingleView, a trailblazer in financial services and cash management solutions, has entered into a landmark cooperation agreement with SAB Bank. This strategic partnership aims to deliver cutting-edge financial services and solutions to the business sector across the Kingdom. The collaboration between SingleView and SAB Bank represents a significant step forward in enhancing the financial landscape […]
PayTabs Group Partners with NuMetric to Enhance Online Invoice Collection and Automation PayTabs Group, MEASA’s award-winning payment solutions powerhouse, today announced a strategic partnership with NuMetric, a leading financial management and accounting solution provider. This collaboration aims to elevate the online invoice collection and automation experience for users, ensuring seamless service integration and enhanced platform […]
Antler is thrilled to announce the addition of Sorbet to its esteemed portfolio! Sorbet is transforming the freelance landscape by integrating innovative workflow solutions with a cutting-edge Web3-enabled payment platform, facilitating seamless cross-border collaboration for freelancers worldwide. 🌶 Why Sorbet Matters The freelance market is rife with challenges: 🌟 Sorbet’s Game-Changing Solutions Sorbet addresses these […]
Riyadh, Saudi Arabia – May 28, 2024 – Riyad Bank has achieved significant recognition by Euromoney, a prominent global finance and business publication, securing two prestigious awards: “Best SME Bank” and “Best Bank for Diversity and Inclusion” in Saudi Arabia for 2024. The “Best SME Bank” award highlights Riyad Bank’s outstanding support and services tailored […]
Riyadh-headquartered fintech startup Hala has secured significant contemporary funding from leading global private equity firm TPG, according to a report by The Data last week. While the startup has not yet publicly announced this deal, it marks a notable development in its growth trajectory. The specific details of the investment remain undisclosed, but the report […]
Riyad Capital has announced the launch of the “1957 Ventures” fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia’s fintech sector, in line with the objectives of Saudi Vision 2030 and the Financial Sector Development Programme. The launch of this fund underscores Riyad Capital and Riyad Bank’s strategic […]
RIYADH, May 20, 2024 – Riyadh-headquartered rewards and engagement platform Merit has successfully raised $12 million in an oversubscribed pre-Series B funding round. The round was led by Alistithmar Capital i-Cap, the investment arm of The Saudi Investment Bank (SAIB), with participation from existing investors, including Saudi’s Tech Invest Com and Hambro Perks Oryx Fund, […]
In a groundbreaking collaboration set to revolutionize the Gulf business landscape, Geidea, Samsung Gulf, and Sharing Group have announced the largest partnership of its kind in the region. This strategic alliance aims to introduce state-of-the-art Samsung devices and systems as innovative payment solutions across the Gulf market. As the first step in this ambitious initiative, […]