In Saudi Arabia, generative artificial intelligence (genAI) has the potential to elevate the country’s gross domestic product (GDP)…
Saudi Arabia
Fintech Saudi Arabia
Fintech funding in Saudi Arabia saw a significant drop of 74% year-over-year (YoY) in 2024, totaling US$182 million,…
The Saudi Central Bank (SAMA) has granted approval to four new fintech startups to participate in its Regulatory…
On the sidelines of LEAP 2025, Microsoft Arabia and the National IT Academy (NITA) have announced the establishment…
Salesforce has announced a US$500 million investment in Saudi Arabia to support innovation and economic growth. The funding…
RasMal, a cap table management and investment governance platform in the MENA region, has closed its Pre-Series A…
Tabby, a Riyadh-based financial services and shopping app, has secured US$160 million in a Series E funding round,…
Ant International has opened an office in Al-Olaya, Riyadh, after receiving certification as a Payment Technical Service Provider…
Saudi Arabia’s banking sector is undergoing to profound transformation, driven by the rise of new digital players. In…
LEAP 2025 opened on February 9 in Riyadh, bringing together global technology and innovation leaders to strengthen Saudi…
Huawei Cloud has announced a strategic partnership with OFINTECH at LEAP 2025, strengthening its commitment to digital innovation…
Huawei Cloud Middle East has introduced a new suite of AI-powered cloud computing solutions aimed at supporting digital…
Egypt-based fintech company Khazna has secured US$16 million in a pre-Series B funding round to support its growth,…
Lendo, a debt crowdfunding platform in Saudi Arabia, has secured a US$690 million (SAR 2.6 billion) warehouse facility…
The Saudi Central Bank (SAMA) has granted STC Bank, a licensed digital bank, approval to commence its banking…
Saudi Arabia’s fintech assets under management (AUM) are projected to approach US$64 billion in 2024, indicating substantial growth,…
The Saudi Central Bank (SAMA) and Google have officially signed an agreement to launch Google Pay in Saudi…
Singapore-based Orbit Startups, and Riyadh-based Sanabil Investments have launched the Sanabil Accelerator by Orbit, a program aimed at…
Riyadh-based Zension Technologies has raised US$30 million in a Series A funding round led by Wa’ed Ventures, the…
Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed…