{"id":903,"date":"2025-02-05T11:41:07","date_gmt":"2025-02-05T08:41:07","guid":{"rendered":"https:\/\/ksa.fintechnews.media\/?p=903"},"modified":"2025-02-28T15:10:47","modified_gmt":"2025-02-28T12:10:47","slug":"sifi-expands-with-acquisition-of-neya-technologies","status":"publish","type":"post","link":"https:\/\/ksa.fintechnews.media\/?p=903","title":{"rendered":"SiFi Expands with Acquisition of Neya Technologies, Strengthening Its B2B Expense Management Capabilities"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">S<a href=\"https:\/\/www.sifi.app\/en\" rel=\"nofollow noopener\" target=\"_blank\">implified Financial Solutions Company (\u201cSiFi\u201d),<\/a> an affiliate of SiFi AlHulul Almubassatah, a Saudi Arabian EMI-licensed entity, has successfully completed the acquisition of <a href=\"http:\/\/getneya.com\" rel=\"nofollow noopener\" target=\"_blank\">Neya Technologies<\/a>, a Dubai-based B2B expense management platform. Founded in 2023, Neya Technologies had been operating in stealth mode prior to this acquisition.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">With this strategic move, SiFi reinforces its mission to simplify financial management for organizations. The acquisition brings on board Neya Technologies\u2019 leadership team, with <strong>Rami Panayoti<\/strong> and <strong>Mohammed AlMughrabi<\/strong> joining SiFi as Co-founders.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Rami Panayoti<\/strong> has been appointed as Chief Business Officer (CBO). A computer engineer by background, he brings over a decade of experience spanning venture capital, consulting, and technology. Before founding Neya, he played key roles at <strong><a href=\"https:\/\/ksa.fintechnews.media\/audax-partners-with-tuum\/\" target=\"_blank\" rel=\"nofollow noopener\">Middle East Venture Partners<\/a> (MEVP)<\/strong>, one of MENA\u2019s leading VC firms, and <strong>Bain &amp; Company<\/strong>, where he spearheaded strategic initiatives in financial services and government sectors in Saudi Arabia.<\/li>\r\n\r\n\r\n\r\n<li><strong>Mohammed AlMughrabi<\/strong> joins as Chief Technology Officer (CTO). With more than 20 years of experience in technology and fintech, Mo previously founded <strong>OBytes<\/strong>, a software development company that contributed to leading platforms such as <strong>Ramp, Paribus Co., Nuvocargo, Give, and Pawp<\/strong>. His expertise in building scalable technology solutions for North American companies will be instrumental in SiFi\u2019s continued growth.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The acquisition also brings Neya Technologies\u2019 talented engineering team to SiFi, further enhancing its capability to build cutting-edge financial solutions for businesses worldwide.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">This latest milestone builds on SiFi\u2019s remarkable progress since its commercial launch in <strong>Q2 last year<\/strong>, which includes:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Securing a <strong>Major EMI license<\/strong> from the Saudi Central Bank (SAMA)<\/li>\r\n\r\n\r\n\r\n<li>Serving <strong>500+ leading Saudi businesses<\/strong> across multiple sectors<\/li>\r\n\r\n\r\n\r\n<li>Becoming the <strong>first fintech authorized for government expense management<\/strong> through a partnership with the Ministry of Finance, Saudi Arabia<\/li>\r\n\r\n\r\n\r\n<li>Launching <strong>Apple Pay integration<\/strong> and <strong>domestic transfer capabilities<\/strong><\/li>\r\n\r\n\r\n\r\n<li>Introducing exclusive <strong>technology partnerships<\/strong>, providing customers with SAR <strong>2M+ worth of savings<\/strong> on platforms like <strong>Notion, Airtable, and AWS<\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><strong>\u201cOver the past 10 months, I\u2019ve had the privilege of working closely with Rami, Mo, and the Neya Technologies team, witnessing their commitment to excellence and our shared vision for the future of business finance,\u201d<\/strong> said [Name], [Designation] at SiFi. <strong>\u201cThis acquisition marks a significant step in our journey to simplify finance for organizations, and we are just getting started.\u201d<\/strong><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">SiFi remains committed to its mission, with several exciting developments on the horizon as it continues to reshape the financial landscape for businesses across the region.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Simplified Financial Solutions Company (&ldquo;SiFi&rdquo;), an affiliate of SiFi AlHulul Almubassatah, a Saudi Arabian EMI-licensed entity, has successfully completed the acquisition of Neya Technologies, a Dubai-based B2B expense management platform. Founded in 2023, Neya Technologies had been operating in stealth mode prior to this acquisition. With this strategic move, SiFi reinforces its mission to simplify [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[9],"class_list":["post","format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=903"}],"version-history":[{"count":2,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions"}],"predecessor-version":[{"id":2825,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions\/2825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/media\/904"}],"wp:attachment":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}