Tag: Saudi Arabia

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.

Saudi Arabia-based Lean has reportedly raised $4.5m in a seed funding round, which was led by RAED Venture.

Cross border payment company MoneyGram has inked a strategic partnership with Al Rajhi Bank, an Islamic bank.

HyperPay, a Saudi Arabia-based payment service provider, has closed an eight-digit funding round.

Riyad Bank has launched a new programme to establish strategic partnerships with entrepreneurs and technology companies in the finance sector. The Saudi bank’s new programme...