Riyadh, Saudi Arabia – Emkan Finance, a leading Saudi fintech company renowned for its innovative financing solutions, has officially received a license from the Saudi Central Bank (SAMA) to offer deferred payment services, popularly known as “Buy Now, Pay Later” (BNPL). The announcement comes in conjunction with Emkan’s participation as a strategic partner in the […]
Riyadh, Saudi Arabia – Saudi Arabia’s fintech sector has emerged as a major force within the country’s financial services industry, generating over SR3.75 billion ($1 billion) in revenues and serving millions of customers daily. The sector’s rapid growth is transforming the Kingdom into a leading regional fintech hub, with significant global ambitions. Khaled Al-Dhaher, Vice […]
Tawaref, a leading Saudi-based investment community, has announced the signing of a Memorandum of Understanding (MoU) with SimpliFi, a prominent Cards-as-a-Service (CaaS) platform operating across MENA and Pakistan. This collaboration is set to revolutionize the financial infrastructure for startups entering the Saudi market, offering innovative and flexible financial solutions. As part of this strategic partnership, […]
Riyadh, Saudi Arabia — September 2024 — The Lending Hub, a rising fintech startup in Saudi Arabia, has successfully closed a $3.2 million (SAR 12 million) funding round, signaling strong investor confidence in its innovative peer-to-peer crowdfunding model. The investment was led by Embark Saudi, a prominent business development initiative, with participation from several key […]
Riyadh, Saudi Arabia – barq, a cutting-edge Saudi financial services startup, has announced a strategic partnership with Mastercard to empower its customers with industry-leading payment acceptance solutions via the Mastercard Gateway. This collaboration aims to provide merchants and consumers across the Kingdom with advanced, value-added services that offer greater convenience, security, and efficiency. Under the […]
Riyadh, Saudi Arabia – In a significant development at the 24Fintech event, Hakbah, the leading Saudi-based fintech savings platform, has announced a landmark agreement with The Saudi Institute of Internal Auditors. This collaboration aims to enhance internal auditing systems, governance, and oversight within the financial technologies sector. Under the agreement, Hakbah and The Saudi Institute […]
Riyadh, Saudi Arabia – September 6, 2024 – Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with Arab National Bank (ANB) aimed at driving innovation and efficiency in digital payments across Saudi Arabia. Through this collaboration, Geidea will offer merchants seamless access to its cutting-edge Payment Gateway, empowering businesses […]
alrajhi bank has acquired a 65% stake in the “Drahim” application, a leading financial management and automated investment platform licensed by the Saudi Central Bank within the FinTech Lab and the Capital Market Authority’s regulatory environment. This acquisition is part of alrajhi bank’s strategy to leverage the latest technologies and regulatory frameworks to strengthen its […]
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 […]