Dubai, UAE – September 2024 – UAE-based Fils, an ESG-focused fintech that leverages blockchain technology, has partnered with Saudi Arabian tech platform Madkhol to offset the carbon footprint of Saudi capital market fintechs. The partnership, officially signed during the prestigious 24 Fintech event, marks a significant milestone for both companies and the region’s commitment to […]
J-B Partners with OMODA JAECOO to Offer Flexible Car Financing Solutions in Saudi Arabia
Riyadh, Saudi Arabia – J-B | جيبي, a leading financial services provider in the Kingdom, is excited to announce the signing of a strategic partnership with OMODA JAECOO, one of the world’s premier manufacturers of premium cars. This agreement aims to provide OMODA JAECOO customers in Saudi Arabia with flexible and tailored financing options, making […]
Pluto Partners with neoleap to Expand Financial Solutions for Saudi SMEs
Riyadh, Saudi Arabia – September 18, 2024 – Pluto, the UAE’s leading expense and accounts payable management platform, has announced a strategic partnership with neoleap, a pioneering Saudi fintech company. The collaboration, unveiled at the 24 Fintech Conference in Riyadh, marks Pluto’s formal entry into the Saudi Arabian market, enabling its global customer base to […]
Reachware and Tawuniya Forge Strategic Partnership to Streamline Insurance Operations in the KSA
Riyadh, KSA – September 2024 – Reachware, a leading technology provider, has entered into a strategic partnership with Tawuniya, one of the region’s foremost insurance companies, to revolutionize the insurance industry through cutting-edge automation and system integration. This collaboration marks a significant milestone in the digital transformation of insurance operations. The agreement was formalized in […]
Saudi Fintech UmrahCash Secures $500,000 Investment from Adaverse to Revolutionize Pilgrim Financing
Riyadh, Saudi Arabia – In a landmark development, UmrahCash, a fintech startup based in Riyadh, has secured a $500,000 investment from Adaverse Venture Fund, marking a significant step toward modernizing the Umrah pilgrimage experience. This innovative solution aims to address financial challenges faced by pilgrims, particularly from developing nations, by providing seamless access to Saudi […]
Kuwait Fintech Ottu Partners with The Saudi National Bank to Enhance Payment Solutions in Saudi Arabia
Riyadh, Saudi Arabia – Ottu, a leading provider of payment solutions in the MENA region, has announced a strategic partnership with The Saudi National Bank (SNB) to revolutionize payment systems across the Kingdom. This collaboration will leverage Ottu’s cutting-edge Smart Router technology to provide businesses in Saudi Arabia with optimized, secure, and seamless online payment […]
Digital Payments Surge in UAE and Saudi Arabia Fueled by E-Commerce and BNPL Growth
The UAE and Saudi Arabia are witnessing a significant shift toward digital payments as consumers increasingly adopt modern shopping trends, according to the latest analysis from Checkout.com. The data highlights a marked rise in online shoppers, the growing popularity of Buy Now, Pay Later (BNPL) options, and increased consumer confidence in sectors such as travel. […]
Saudi Fintech Emkan Secures License from SAMA to Offer ‘Buy Now, Pay Later’ Services
Riyadh, Saudi Arabia – Emkan Finance, a leading Saudi fintech company renowned for its innovative financing solutions, has officially received a license from the Saudi Central Bank (SAMA) to offer deferred payment services, popularly known as “Buy Now, Pay Later” (BNPL). The announcement comes in conjunction with Emkan’s participation as a strategic partner in the […]
MyTM Partners with Fortify to Revolutionize KSA Real Estate Sector with Fintech Solutions
In a groundbreaking partnership, MyTM has teamed up with Fortify to transform the real estate sector in Saudi Arabia through innovative fintech solutions. This collaboration aims to streamline real estate transactions, making them smarter, faster, and more reliable, ultimately enhancing the overall customer experience. The strategic alliance is set to revolutionize how real estate deals […]
Saudi Arabia Fintech Sector Flourishes with Over $1 Billion in Revenues, Set to Become Global Leader, says top SAMA official
Riyadh, Saudi Arabia – Saudi Arabia’s fintech sector has emerged as a major force within the country’s financial services industry, generating over SR3.75 billion ($1 billion) in revenues and serving millions of customers daily. The sector’s rapid growth is transforming the Kingdom into a leading regional fintech hub, with significant global ambitions. Khaled Al-Dhaher, Vice […]