Search Results for "fintech saudi"

Saudi Lending Fintech Forus Capital Picks Up Series A Funding

Forus Capital, a Saudi Arabia-based Islamic P2P lending marketplace, has raised a Series A round of funding for an undisclosed amount, the company announced in a statement today. The round was co-led by Saudi conglomerate Yazeed Alrajhi and Brothers Holdings,

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Saudi Fintech Tweeq Raises an Undisclosed Seven-Figure Funding

Tweeq, a Saudi-based provider of spending accounts for individuals and SMEs, announced the closure of an undisclosed seven-figure investment round, co-led by STV and Raed Ventures. The funding round, which follows on the heels of the company’s exclusive partnership with

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Dutch Fintech Recharge.com Rolls Out Services in Saudi and the UAE

Dutch payments company Recharge.com announced the launch of its services in the Kingdom of Saudi Arabia and the United Arab Emirates (UAE). Recharge.com will provide a one-stop-shop marketplace for various categories of branded payments, including call credit, data bundles, shopping,

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Saudi Licenced Fintech Startup Hala Closing a $6.5 Million Series A Round

Hala (previously Halalah) one of the first fintech startups to obtain the full SAMA license, secures $6.5 Million (24.3 Million SAR) Series A round. The round included the participation of Impact46 Growth fund, Wamda & strategic investors. With the recent

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Irish Fintech Global Shares Expands Footprint to Saudi Arabia

Global Shares, an Irish equity compensation management solutions provider, announce that it has opened an office in Saudi Arabia’s capital, Riyadh. The company has 16 other offices across Europe, America and Asia. Global Shares said that the Middle East is

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Saudi Fintech Startup Hakbah Secures USD 1.2 Million Seed Funding

Hakbah platform, a Saudi-based fintech startup that specialises in alternative savings and savings groups, announced the closure of its seed round with a value of USD 1.2 million (SAR 4.5 million). Details of the investors were not disclosed. The startup

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Saudi Fintech Tamara Raises US$ 6 Million in Largest Seed Funding Round in the Kingdom

Tamara, a Saudi-based buy now pay later platform, announced the closure of its seed funding round with an investment of 22.5 million Saudi riyals (US$ 6 million) led by the Impact46 Venture Capital Fund. The startup reported that this is

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Sarwa Gets Greenlight for Fintech Experimental Permit From Saudi Regulator

Sarwa, a Dubai-based investment advisory platform, was granted a fintech experimental permit by the Capital Markets Authority (CMA) of Saudi Arabia and will be expanding its service there. With the new license in hand, Sarwa can offer its wealth management

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Zain’s Fintech Arm First to Receive Micro Loans License From Saudi Central Bank

Zain Group, a telecommunications company in the Middle East and North Africa region, announced that its fintech arm Tamam has been officially licensed by the Saudi Central Bank (SAMA) to provide micro-financing services to consumers across the Kingdom. This makes Tamam

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Saudi’s Capital Market Authority Grants 2 More Fintech Experimental Permits

The Capital Markets Authority of Saudi Arabia (CMA) has granted the Financial Technology Experimental Permit (FinTech ExPermit) to the Sukuk Capital Company and Osool & Bakheet Investment Company. The FinTech ExPermit aims to provide a regulatory framework conducive to the

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