Bwatech, a Saudi fintech firm focused on corporate financial solutions, has secured US$16 million (SAR 60 million) in a funding round led by Sharaka Financial.

The investment will support the company’s expansion in the Saudi market and strengthen its role in providing financial technologies for corporate and banking operations.

Bwatech’s platform allows businesses to manage financial activities across multiple banks, offering services such as digital bank guarantees, account management, and open banking.

Its solutions are accessible through a web portal and mobile application, with API integrations enabling direct connectivity with corporate internal systems.

The company operates under the Saudi Central Bank (SAMA)’s regulatory sandbox.

Hashim Al Hekail, Founder and Chairman of Bwatech, said:

“This round marks a pivotal step toward building a more efficient digital financial infrastructure for businesses, and we are pleased to have the trust of partners who share our vision for growth and expansion.”

Featured image credit: Bwatech