Tag: Saudi Arabia

SIFI, a Saudi Arabia-based FinTech company, has closed its pre-seed round on an undisclosed amount.

Sanad Cash, a Saudi Arabia-based on-demand payment and spend management platform, has scored $1.6m in its seed round.

Saudi Arabian FinTech company Lean Technologies has raised $33m in an investment that was led by Sequoia Capital.

Saudi Arabia-based Dawul has scored $5m in a seed funding round, which was led by RAED Ventures.

A recent report by FinTech Saudi has found how Saudi Arabia’s FinTech market has seen a 37% hike in new companies with investment exceeding SAR$1.3bn ($347m).

KLAIM, which buys healthcare claims from healthcare providers to alleviate them from cash flow troubles caused by insurance companies, has bagged $1.6m in its pre-Series A round.

Dubai-based payments gateway company Telr introduced a buy now, pay later (BNPL) solution after entering a partnership with compatriot BNPL firm tabby.

Saudi Arabia-headquartered Tamara, a buy-now-pay-later (BNPL) platform, has scored the largest Series A in MENA.

Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.

Saudi Arabia-based invoice financing platform Lendo has reportedly collected $7.2m in its Series A round.