Tag: Saudi Arabia

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.

Peer-to-peer lending platform Raqamyah has reportedly raised $2.3m in a funding round led by Impact46.

Saudi Arabia-based FinTech company Lamaa has closed one of the country’s largest seed rounds, pulling in $5.5m.

Saudi Arabia-based savings platform Hakbah has netted $1.2m in its seed round to further its growth.

Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.