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 […]
RIYADH: Saudi banks recorded a significant 21 percent year-on-year increase in credit card loans during the second quarter of 2024, with the total reaching SR30.04 billion ($8.01 billion), according to data released by the Saudi Central Bank (SAMA). This figure represents the highest quarterly increase on record and the most substantial annual growth observed in […]
Riyadh, Saudi Arabia – Lendo, a leading financial services provider based in Riyadh, has announced a groundbreaking partnership with the Ministry of Industry and Mineral Resources. This strategic alliance aims to introduce innovative financing solutions designed to drive growth and sustainability within the Kingdom’s industrial sector. The collaboration marks a significant milestone in advancing industrial […]
Riyadh – The Saudi Mortgage Guarantees Company (Damanat) has forged significant global partnerships aimed at bolstering the Kingdom’s real estate mortgage market. The agreements were finalized during a recent visit to the United States, where Damanat was part of the official delegation led by Minister of Municipalities and Housing, Majed bin Abdullah Al-Hogail. Hossam Y. […]
Manama, Bahrain – August 27, 2024 — CoinMENA B.S.C., a leading crypto asset platform licensed by the Central Bank of Bahrain, along with its sister company CoinMENA FZE, regulated by the Dubai Virtual Asset Regulatory Authority (VARA), has announced a strategic partnership with Bitpanda Technology Solutions, the premier digital assets infrastructure provider. This collaboration is […]