RIYADH – Saudi Arabia-based fintech company Bwatech has secured $16 million (SAR 60 million) in a funding round led by Sharaka Financial, aimed at accelerating growth and expanding its presence in the Kingdom’s financial market. Founded in 2020 by Rasha Al-Oraini and Hashem Al Hekail, Bwatech provides an integrated fintech platform offering digital bank guarantees, […]
Bynow has raised $1.2 million from Merak Capital to accelerate product development, expand its suite of B2B payment offerings, and strengthen its presence in Saudi Arabia and the wider MENA region. Bynow is a Saudi-based fintech pioneering B2B Buy Now, Pay Later (BNPL) solutions to give businesses the flexibility to manage payments and unlock smoother […]
Tue, 16 September 2025: Lendo, the debt crowdfunding platform, has agreed to a Murabaha financing facility worth SAR 187.5 million (USD 50 million) with Jadwa GCC Private Credit Fund, a private credit fund managed by Jadwa Investment. In a statement, the company said this agreement represents a milestone in Saudi Arabia’s private credit landscape, bringing […]
Riyadh, Saudi Arabia — LDUN, a Saudi-based fintech specializing in trade credit solutions between suppliers and retailers, has successfully closed a $4.8 million seed funding round. The investment was led by Sadu Capital, with participation from Suhail Ventures and numu Angels. Founded in 2021 by Firas Al-Hamdan and Faisal Bin Dakhil, LDUN is working to […]
Riyadh, Saudi Arabia — Oumla, a Saudi-based fintech specializing in digital asset infrastructure, has secured $2.4 million in seed funding led by Core Vision, with participation from Avalanche and a group of angel investors. Founded in 2022 by Mohammed Aljasser and Salah AlSalman, Oumla provides custody and management solutions for digital assets to corporates, banks, […]
Saudi fintech startup Spare has raised $5 million in pre-Series A funding led by anb Seed Fund, the venture arm of anb capital, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, Middle East Venture Partners (MEVP), Boubyan Ventures and other investors. The company will use the new capital to strengthen its integrations with banks […]
HALA, Saudi Arabia’s leading fintech and provider of embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B investment round — officially one of the largest fintech Series B funding rounds in the Middle East. The funding round is led by The Rise Fund, TPG’s multi-sector global impact […]
Riyadh: Saudi Arabia-based fintech unicorn Tamara is set to secure at least $1.4 billion in financing from a consortium of global financial institutions, including Goldman Sachs Group Inc., Citigroup Inc., and Apollo Global Management Inc. The deal, which refinances and expands a previous debt facility arranged by Goldman Sachs, ranks among the largest asset-backed financing […]
Riyadh, Saudi Arabia — Fitting, a Saudi Arabia-based construction technology (contech) startup, has raised $500,000 in a pre-seed funding round led by a strategic angel investor. Founded in 2024 by Ahmed Rian and Abdulaziz Almubayad, Fitting aims to streamline the procurement of building materials by connecting wholesale suppliers, retailers, and real estate developers through its […]
The round was led by Prosus Ventures, includes VentureSouq, Dash Ventures, Taz Investments and Sanabil 500 Riyadh, Saudi Arabia, 8th September 2025 – Orbii, the embedded credit infrastructure platform enabling financial institutions and B2B platforms to launch SME lending products, has raised $3.6 million in seed funding, led by Prosus, with participation from VentureSouq, DASH […]