Riyadh, KSA : Abhi, powered by Alraedah, has announced a strategic partnership with KABi, a leading Saudi human capital technology company, to provide employees within KABi-managed organizations with instant access to a portion of their earned wages through ABHI’s Earned Wage Access (EWA) solution. Through this partnership, KABi employees will be able to withdraw part of […]
FuturePlay announced on December 1 that it has signed a landmark memorandum of understanding (MOU) with the Ministry of Investment of Saudi Arabia (MISA), marking the first agreement of its kind between a Korean venture capital (VC) firm and the Saudi ministry. The strategic partnership aims to accelerate the entry of Korean startups into the […]
Riyadh, Saudi Arabia – Mastercard Gateway is now certified to facilitate online transactions through SAMA’s New E-commerce Payments Interface. This certification will enable Mastercard Gateway to process ecommerce transactions through the New E-commerce Payments Interface locally and securely, providing local routing, tokenization, fraud prevention, and direct integration with the national payment scheme (mada). At a time […]
Riyadh, Saudi Arabia: Visa, a world leader in digital payments, BSF one of the leading banks in Saudi Arabia, and AlUla Moments the events and festivals platform of the Royal Commission for AlUla (RCU), have announced a strategic collaboration to provide BSF Visa cardholders with exclusive access to world-class sports, wellness, music, adventure, and lifestyle experiences in AlUla, […]
Riyadh, Saudi Arabia, November 27th, 2025 – erad (www.erad.co), the Riyadh-headquartered alternative financing platform for SMEs, has partnered with Jefferies (with co-investment from Channel Capital) to secure $125 million in a credit deal, to accelerate embedded finance solutions across the GCC. Once the transaction is finalised, it will mark Jefferies’ first GCC asset-backed financing transaction, and […]
Riyadh, KSA: SNB Capital the largest asset manager and leading capital market institution in MENA, and Stake, MENA’s leading digital real estate investment platform, have announced a strategic partnership that will combine their complementary strengths to broaden investor access to high-quality real investment opportunities in the Kingdom. By leveraging SNB Capital’s track record of delivering tailored, […]
Mnzil, the Saudi proptech for labour housing solutions, has raised over $11.7 million (SAR 44 million) in a Series A round led by Founders Fund, marking the US fund’s first-ever investment in Saudi Arabia, with participation from COTU Ventures. Founded in 2024 by Abdulmajeed Al-Babtain and Abdulrahman Al-Shaya, Mnzil has rapidly expanded its footprint across more […]
Strataphy, a deep-tech company redefining how the world cools AI and industrial infrastructure, has raised $6 million in seed funding led by Outliers VC and joined by Shorooq, with participation from PlusVC (+VC). The company will use the new funding to advance its technology, expand its full-service stack, and grow its engineering and operations teams to support new deployments […]
RIYADH: STAMP, a Saudi-based regulatory technology (RegTech) startup, has raised $2 million in a pre-seed funding round backed by undisclosed investors, the company announced. Founded in 2021 by Muyasser Albar and Mohammed Zarei, STAMP specialises in regulatory licensing, corporate registration, incorporation, and post-incorporation services, integrating these processes into a unified digital interface for organisations operating […]
Shatib, the Saudi technology platform specialising in group buying for construction materials, has announced the closing of a SAR 2.8 million pre-seed round from a strategic angel investor. The platform helps real estate developers and contractors secure better pricing by aggregating demand across multiple projects, strengthening negotiation power with manufacturers and distributors, and achieving cost […]