Riyadh, Saudi Arabia – 02 September 2024 – Tamara, the leading fintech platform in Saudi Arabia and the GCC, has received preliminary approval from the Saudi Central Bank (SAMA) to operate in consumer finance and Buy Now Pay Later (BNPL) activities. This milestone is a testament to Tamara’s commitment to enhancing the fintech landscape and […]
Riyadh, Saudi Arabia – Tarabut, a leading open banking platform in the MENA region, has announced a strategic partnership with The Saudi National Bank (SNB), one of Saudi Arabia’s foremost financial institutions. This collaboration aims to drive the evolution of SNB’s digital offerings, aligning with the bank’s commitment to providing innovative and customer-centric solutions. By […]
Riyadh, Saudi Arabia – In a significant move to advance financial technology and innovation, Lean Technologies has announced a strategic partnership with J-B. The official signing ceremony took place on September 3rd at 24 Fintech, bringing together industry leaders Hisham Al-Falih, CEO of Lean Technologies, and Bader Barqawi, CEO of JB Finance. This partnership marks […]
Riyadh, Saudi Arabia – : Malaa, a wealth management company authorized by the Saudi Central Bank and operating within its regulatory sandbox, has successfully closed its Series A funding round, raising SAR 65 million (USD 17.3 million). The funding round was led by SNB Capital, the largest asset manager in the Kingdom, with participation from […]
Riyadh, Saudi Arabia – September 3rd, 2024: Tarabut, the first and largest regulated open banking platform in the MENA region, today announced the acquisition of London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses. This strategic acquisition, which has been approved by both the Saudi Central Bank (SAMA) and the UK’s Financial Conduct Authority […]
Riyadh, Saudi Arabia – September 2024: Tabby, the MENA region’s leading shopping and financial services app, has announced a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). This milestone announcement was made during the 24 Fintech event, Saudi Arabia’s flagship fintech gathering. Under the terms of the agreement, Tweeq […]
Riyadh, September 2, 2024 — The Saudi Central Bank (SAMA) has officially announced the release of the second phase of its Open Banking Framework, focusing on the Payment Initiation Service (PIS). This latest development marks a significant step forward in SAMA’s ongoing efforts to strengthen the Kingdom’s fintech ecosystem. The introduction of PIS under the […]
Riyadh, KSA — Syarah, a leading e-commerce platform in Saudi Arabia’s automotive sales sector, has successfully closed a Series C funding round, securing SAR 225 million (USD 60 million). The funding was led by Artal Financial through its Artal Growth Opportunities Fund, with additional backing from prominent investors including Elm Company, Impact46, Tawuniya Insurance, Derayah […]
Riyadh, Saudi Arabia – : Thakaa Med, a pioneering AI-driven healthcare innovator and a proud member of the Falak Angels Alumni, has successfully secured its first seed round investment through a syndicate led by Falak Angels. This strategic capital infusion will be instrumental in accelerating the enhancement of Thakaa Med’s advanced AI models and supporting […]
Riyadh, Saudi Arabia – Ejaro, a leading car-sharing platform, has announced a strategic partnership with Najm Company for Insurance Services, aimed at revolutionizing the digital landscape in the automotive insurance and transportation sectors. This collaboration is poised to set new benchmarks in customer experience, data integration, and safety, in line with the objectives of Saudi […]