Riyadh, Kingdom of Saudi Arabia – Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted SVC’s impact on the private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) in the Kingdom since the company’s establishment in 2018. The SVC […]
Riyadh, Saudi Arabia – Saudi-based AI startup vminds.ai has successfully closed a six-figure pre-seed investment round led by angel investors from various sectors. Following this funding, the company has officially launched its platform for individuals, with plans to introduce an enterprise version in Q3 2025. The startup also aims for regional and global expansion while […]
Simplified Financial Solutions Company (“SiFi”), 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 […]
Foodics, the award-winning restaurant and payment technology company, has chosen MoneyHash, the region’s leading payment orchestration and revenue operations platform, to increase operational efficiency for restaurants and food service businesses across the MEA region. Foodics leads by driving innovation and empowering food and beverage (F&B) businesses to thrive in a constantly evolving market and over […]
RIYADH — Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia’s fintech sector and the vast opportunity in SME financing in the economy. The facility is expected to contribute […]
Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, announced that the bank achieved net profits of 19,722 million Saudi Riyals for the year 2024, reflecting a growth rate of 19% compared to 16,621 million Riyals in 2023. Total operating income reached 32,055 million SAR, with a growth of […]
Saudi Arabia-based startup UpLevel has successfully raised an undisclosed pre-seed investment round from angel investors, marking a significant milestone in its mission to enhance professional development and institutional performance. Founded in 2024 by Idris Alshaya and Hamad Al-Lahaidan, UpLevel provides smart solutions designed to empower individuals and organizations through specialized career guidance, innovative coaching, and […]
STC Bank, a subsidiary of state-owned Saudi Telecom Company (stc Group), is set to launch operations as a full-fledged digital bank in the kingdom. The Saudi Central Bank (SAMA) has granted “no objection” for STC Bank to offer digital banking services to customers in the Gulf state. Formerly known as stc pay that mainly offered […]
23rd January 2025, Riyadh, Saudi Arabia – Saudi Fransi Capital (BSF Capital), a leading Capital Markets Institution in Saudi Arabia, announced it is partnering with BlackRock, the world’s largest Asset Management firm.The collaboration aims to integrate BSF Capital’s deep local insights and market knowledge leveraging BlackRock’s global expertise in Asset Management and Investment Advisory services. […]
Riyadh, Saudi Arabia: Foz App, a Saudi-based application specializing in innovative marketing solutions through digital coupons for the business sector, has successfully closed a SAR 2 million pre-seed funding round in the fourth quarter of 2024. The funding was secured from a group of bold investors, reflecting strong confidence in the company’s vision and growth […]