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Abu Dhabi Proptech Startup SmartCrowd Secures Saudi Fintech Licence
SmartCrowd Holdings, a regional pioneer in fractional real estate investments, has been granted a FinTech experimental license by the Saudi Capital Markets Authority (CMA). SmartCrowd is currently working on completing business requirements for the upcoming launch of its Real Estate
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6 Fast-Growing Fintechs from Saudi to Keep a Close Eye on
These past few years have seen Saudi Arabia’s fintech sector gaining strong momentum, a growth that’s been fueled by favorable market conditions, the country’s dynamic startup ecosystem and booming funding activity. Between 2020 and 2021, the number of fintech companies
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Saudi Central Bank Licenses 3 New Payment Fintech Companies
The Saudi Central Bank (SAMA) announced the licensing of three new companies specialized in finance and electronic payments, during the Global Entrepreneurship Congress sponsored by His Royal Highness Mohammad bin Salman, the Crown Prince, Deputy Prime Minister and Minister of
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Entrepreneurship Arm of Saudi Aramco to Launch Fintech Accelerator Program
Wa’ed, the entrepreneurship arm of Saudi Aramco, has collaborated with Fintech Saudi as a strategic partner, along with regional seed and early-stage venture capital firm Flat6Labs, to launch a 12-week Fintech Accelerator to expedite the growth and development of promising
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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses
Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this year (Zawya). According to the Saudi Central Bank governor, 13 of these companies come from the payments and electronic wallets
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Fintech News Digest: What’s Behind Saudi Arabia’s Fintech Boom?
Saudi Arabia’s fintech ecosystem is thriving to say the least. In last week’s fintech news, a new report pointed out that Saudi fintech companies raised a total of US$157.2 million between January and August this year. That’s a whole bunch
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Report: Payments Dominates Saudi Fintech Map 2021
Payments emerged as the most popular area for investment in Saudi fintech companies, according to a new report by Fintech Saudi. The Fintech Saudi Annual Report 2020/21 noted that payments clinched 93% of venture capital investments in 2021 so far.
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Gen Z, Millennials Drive Saudi Fintech Adoption
Cash usage is declining amongst growing Saudi fintech adoption, according to the findings of Fintech Saudi’s National Fintech Adoption Survey. Fintech Saudi announced the results of the National Fintech Adoption Survey, which it conducted in early 2021. The survey assesses
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9 Startups Lead Saudi Fintech Startup Funding in H1 2021
The first half of 2021 has been eventful for Saudi fintech startup funding. H1 saw deal sizes ranging from as little as US$670,000 to a hefty US$110 million. Moreover, ranking second by funding in the MENA region, VC funding increased
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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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