Riyadh, Saudi Arabia — July 12, 2024: Arab National Bank (ANB) has announced the signing of a strategic marketing agreement with Talaat Moustafa Group (TMG), a leading real estate developer. This partnership aims to provide TMG’s customers in Saudi Arabia with attractive financing options, featuring a competitive profit margin. The agreement was formalized in a […]
Egypt based EXITS MENA, a leading fintech advisory and arrangement firm for startups and SMEs in the MENA region, has announced a new strategic partnership project in the Kingdom of Saudi Arabia. This collaboration aims to bolster the company’s commitment to supporting entrepreneurs and startups in the Kingdom. The initiative is supported by a group […]
Following its successful launch in Saudi Arabia, Xpence has partnered with Visa in a strategic growth initiative aimed at accelerating its expansion across the GCC and beyond. This partnership will leverage deeper integrations and broaden capabilities, driving digital transformation in the region. Xpence continues to lead in providing innovative financial solutions for businesses. June 25, […]
Al-Ahsa, Saudi Arabia – Tahdir, a pioneering educational technology company in Saudi Arabia, has successfully closed its first pre-seed funding round, raising 1.15 million Saudi Riyals. This substantial investment was secured through a group of angel investors, marking a significant milestone in the company’s growth and development. Founded in Al-Ahsa by Mohammed Al-Doukhi and Khalil […]
Simplified Financial Solutions Company (SiFi) announced the closing of its $10M seed round. The round was led by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), and RAED Ventures, with participation from prominent investors such as anb seed, Rua Ventures, Byld and KBW Ventures. The funding round also includes investors from […]
PayTabs Group Partners with NuMetric to Enhance Online Invoice Collection and Automation PayTabs Group, MEASA’s award-winning payment solutions powerhouse, today announced a strategic partnership with NuMetric, a leading financial management and accounting solution provider. This collaboration aims to elevate the online invoice collection and automation experience for users, ensuring seamless service integration and enhanced platform […]
Riyadh, Saudi Arabia – May 28, 2024 – Riyad Bank has achieved significant recognition by Euromoney, a prominent global finance and business publication, securing two prestigious awards: “Best SME Bank” and “Best Bank for Diversity and Inclusion” in Saudi Arabia for 2024. The “Best SME Bank” award highlights Riyad Bank’s outstanding support and services tailored […]
Riyadh-headquartered fintech startup Hala has secured significant contemporary funding from leading global private equity firm TPG, according to a report by The Data last week. While the startup has not yet publicly announced this deal, it marks a notable development in its growth trajectory. The specific details of the investment remain undisclosed, but the report […]
Riyad Capital has announced the launch of the “1957 Ventures” fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia’s fintech sector, in line with the objectives of Saudi Vision 2030 and the Financial Sector Development Programme. The launch of this fund underscores Riyad Capital and Riyad Bank’s strategic […]