Tawaref, a leading Saudi-based investment community, has announced the signing of a Memorandum of Understanding (MoU) with SimpliFi, a prominent Cards-as-a-Service (CaaS) platform operating across MENA and Pakistan. This collaboration is set to revolutionize the financial infrastructure for startups entering the Saudi market, offering innovative and flexible financial solutions. As part of this strategic partnership, […]
In a significant move towards revolutionizing payment services, reachware, under the leadership of its CEO and Co-Founder, Eng. Hamza Abusitta, has signed a Memorandum of Understanding (MoU) with Checkout.com, represented by Abdullah Alassaf. This strategic partnership aims to deliver seamless, secure, and efficient payment experiences for businesses of all sizes. The collaboration brings together reachware’s […]
In a major leap forward, MONEYMOON has officially received authorization from the Saudi Central Bank (SAMA) and made a powerful entrance into the fintech scene with its official launch at 24Fintech. MONEYMOON made an impactful debut at 24Fintech and social media, where it captivated audiences with its one-of-a-kind Peer-to-Peer (P2P) lending model. MONEYMOON is setting […]
Riyadh, Saudi Arabia — September 2024 — The Lending Hub, a rising fintech startup in Saudi Arabia, has successfully closed a $3.2 million (SAR 12 million) funding round, signaling strong investor confidence in its innovative peer-to-peer crowdfunding model. The investment was led by Embark Saudi, a prominent business development initiative, with participation from several key […]
Riyadh, Saudi Arabia – barq, a cutting-edge Saudi financial services startup, has announced a strategic partnership with Mastercard to empower its customers with industry-leading payment acceptance solutions via the Mastercard Gateway. This collaboration aims to provide merchants and consumers across the Kingdom with advanced, value-added services that offer greater convenience, security, and efficiency. Under the […]
Saudi Arabia, September 2024 – Saudi-based automation and system integration startup, Reachware, has successfully raised $3 million in a seed funding round. The round was led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, the company announced in a statement on Thursday. Fueling Expansion and Innovation The new funding will be […]
Riyadh, Saudi Arabia – In a significant development at the 24Fintech event, Hakbah, the leading Saudi-based fintech savings platform, has announced a landmark agreement with The Saudi Institute of Internal Auditors. This collaboration aims to enhance internal auditing systems, governance, and oversight within the financial technologies sector. Under the agreement, Hakbah and The Saudi Institute […]
Riyadh, Saudi Arabia – September 6, 2024 – Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with Arab National Bank (ANB) aimed at driving innovation and efficiency in digital payments across Saudi Arabia. Through this collaboration, Geidea will offer merchants seamless access to its cutting-edge Payment Gateway, empowering businesses […]
alrajhi bank has acquired a 65% stake in the “Drahim” application, a leading financial management and automated investment platform licensed by the Saudi Central Bank within the FinTech Lab and the Capital Market Authority’s regulatory environment. This acquisition is part of alrajhi bank’s strategy to leverage the latest technologies and regulatory frameworks to strengthen its […]
Spire Tech, a leading provider of innovative technology solutions, has officially announced a strategic partnership with Deloitte during the 24 Fintech event. This collaboration will see Deloitte leveraging its expertise in Managed Cloud and Cyber Services to help Spire Tech enhance its service offerings for businesses across various sectors. In a statement, Aamir Janjua, Co-Founder […]