Saudi fintech startup MADFU has secured SAR 95 million (approximately $25.5 million) in a Pre-Series A funding round led by AFAQ Capital, with additional participation from angel investors. Founded in 2022 by Abdullah Albrahim, Ahmad Alwosheel, and Anas AlShaqir, MADFU operates as a Sharia-compliant Buy Now, Pay Later (BNPL) platform licensed by the Saudi Central […]
Riyadh, Saudi Arabia – Saudi-based fuel and energy infrastructure fintech CASHIN | كاشـن has successfully closed a SAR 60 million (approximately $16 million) Series A investment round, led by Impact46, marking a major milestone in its growth journey. Founded in 2021 by Omar Al-Ramah, Abdulkarim Zureik, and Obay AlMadi, CASHIN is building the digital infrastructure […]
Mirsad AI is the first AI-native AML compliance engine built for GCC financial institutions and regulatory authorities — and one of the first of its kind worldwide — trained on both fiat and blockchain transaction data, and registered with the Qatar Financial Centre (QFC). Why it matters now: The global AML market is valued at […]
Riyadh, Saudi Arabia — Saudi Arabia-based food and beverage SaaS startup Jazr.io has raised SAR 800,000 (approximately $213,000) in a pre-seed funding round led by a group of angel investors. Founded in 2024 by Mohammed Almoshwah, Jazr.io (جزر) provides accounting and inventory management solutions tailored for restaurants and cafés, enabling small and medium-sized F&B businesses […]
Riyadh-based logistics technology startup Routech Express has raised $1 million (SAR 3.75 million) in a pre-seed funding round led by Qewam Fund, with participation from a group of angel investors. Founded in 2024 by Abdullah bin Muammar and Jihad Al-Dawood, Routech Express operates a unified digital shipping platform that aggregates multiple carriers into a single […]
Riyadh – Simplified Financial Solutions Company has announced a $20 million Series A funding round led by Ra’ed Ventures, with participation from a diverse group of global and regional investors. The round includes global investors QED Investors, a leading fintech investor, and existing backer Breyer Capital, alongside regional firm MEVP and existing local backers including Sanabil Investments, […]
Riyadh, Saudi Arabia – InvestSky, MENA’s first social trading platform, announced its official expansion into the Saudi market following the approval of its Financial Technology Experimental Permit from the Capital Market Authority (CMA). The move comes as part of InvestSky’s regional growth strategy and is supported by a first-of-its-kind partnership with anb Capital, one of the Kingdom’s leading […]
Riyadh, Saudi Arabia — In one of the largest pure equity seed funding rounds in the Kingdom’s history and a standout deal in the region’s burgeoning fintech landscape. Riyadh-based fintech/proptech Safqah Capital has raised $15.2 million to build the infrastructure powering the next generation of real estate development in Saudi Arabia. The round includes participation from […]
MASNA Ventures today announced the launch of MASNA Ventures Fund I, a SAR 375 million (approximately $100 million) venture capital fund and the first of its kind focused on the Kingdom’s defense sector, timed to coincide with the opening day of the World Defense Show in Riyadh. MASNA Ventures’ pioneering defense sector venture capital fund in Saudi Arabia is […]
Saudi-based Viero has raised $1.2 million in a Seed funding round, led by Watheeq Capital and Share Investment Co., with participation from Numu Angel Network, Black Iris Angel Network, and a group of angel investors. Founded in 2024 by Khaled Dakkak, Ahmed Alotaibi, and Marat Khamash, Viero is building a unified platform for fleet and […]