Tarabut has secured $50m (SAR 187m) in strategic financing from a consortium of leading Saudi financial institutions and family business groups, as it sharpens its focus on the Kingdom’s financial services market.
The round drew backing from Riyad Bank, the X-Tech Fund managed by SAB Invest, GIB Saudi Arabia, Zamil Group and Kanoo Ventures, part of the Yusuf bin Ahmed Kanoo Group, alongside a number of other prominent regional institutions.
The fresh capital will fund complete, end-to-end embedded finance journeys that combine verification, decisioning and financing into a single flow at the moment a customer needs it, all delivered under the partner institution’s own brand.
The company points to small and medium-sized enterprises as the area of greatest friction in the market. While financial institutions across the region are working to reach more creditworthy SMEs, many still lean on last year’s static paperwork rather than live cash-flow data, leaving approved businesses waiting weeks for the capital they need.
Tarabut’s technology lets financial institutions pair traditional documentation with real financial behaviour, giving lenders live visibility of cash flow and shrinking the wait for finance from weeks of administrative delay to the exact point of need, all without the business leaving the transaction or the lender losing the customer.
The same capability gives institutions a sharper read on millions of consumers who are typically hard to assess through conventional credit models.
Tarabut has processed more than 5bn API calls across the region, linking banks, distributors and consumers on a single regulated platform, and this latest financing is aimed squarely at Saudi Arabia, which the company regards as the region’s largest financial market and the centre of its embedded finance strategy.
The company frames its work as supporting wider access-to-finance goals under Saudi Vision 2030 and the Financial Sector Development Program, and says it will set out the next phase of its embedded finance platform in the coming months.
Tarabut founder and CEO Abdulla Almoayed said, “The institutions backing Tarabut are the institutions that run on our infrastructure. We built a regulated platform across Saudi Arabia, the UAE and Bahrain, and this financing will allow us to take everything we have proven across the region and go deeper where it matters most: Saudi Arabia.
“The biggest prize is SME finance. Financial institutions want to serve more creditworthy businesses, and our infrastructure helps them turn real financial behaviour into a clearer picture for decision-making. Embedded finance will define the next decade of this region’s economy, and we are built to power it.”
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