Fintech
EssentaTor Showcases EAC Fund for Arab Capital at Money20/20 in Riyadh
EssentaTor presented its EAC Fund at Money20/20 Middle East in Riyadh, outlining institutional liquidity, stablecoin reserves, and digital infrastructure.
Saudi ICT Sector Weekly: BARQ Achieves Unicorn Status as Major Deals and AI Initiatives Expand
Saudi Arabia recorded key ICT developments including BARQ becoming a tech unicorn, PayTabs acquiring Amazon Payment Services MENA, and new AI policy initiatives.
Saudi Fintech BARQ Secures $329.5 Million in Series A Funding Round
Saudi digital payment platform BARQ secured $329.5 million in Series A funding at a $1.85 billion valuation, backed by Noon Investments and Sohar International Bank.
NEOPAY and Commercial Bank of Dubai Partner to Expand SME Financing
NEOPAY and Commercial Bank of Dubai have formed a partnership to help UAE merchants access working capital and banking services through transaction data.
Mastercard and HyperPay Partner on HyperSpend Platform Launch for Saudi SMEs
Mastercard and HyperPay have launched HyperSpend, a digital corporate spend management platform designed for small and medium enterprises in Saudi Arabia.
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Money20/20 Middle East Second Edition Opens in Riyadh
Saudi Minister of Finance opened the second edition of Money20/20 Middle East in Riyadh, bringing together 38,000 visitors and 350 speakers.
Vision Bank and Publicis Sapient Partner on AI Hub
Vision Bank and Publicis Sapient have signed a strategic agreement at Money20/20 Middle East in Riyadh to build an AI innovation hub.
Money20/20 Middle East Opens in Riyadh as Global Leaders Discuss Fintech Growth
Money20/20 Middle East opened in Riyadh featuring major announcements, including Tabby’s valuation reaching $6.5B and Silq’s SAR 500M financing agreement.
Money20/20 Launches RiseUp Middle East to Support Women in Finance
Money20/20 Middle East launched the RiseUp programme in Riyadh to support 30 senior women leaders shaping financial technology and services.
Mastercard Expands SME Platform and Business Tools Across Saudi Arabia
Mastercard expands its Built Small Moving Strong platform with new business cards, commercial discounts, and SME research across Saudi Arabia.
Tarabut Secures $50 Million to Expand Embedded Finance in Saudi Arabia
Tarabut has secured $50 million from major Saudi financial institutions to expand its regulated embedded finance infrastructure across the Kingdom.
Saudi ICT Deals Surge With Massive Data Center and VC Investments
A weekly roundup of major Saudi ICT deals, featuring $15B at LEAP 2026, HUMAIN’s new $10B venture fund, and massive national data center expansions.
Al Rajhi Bank and Uber Launch Mobility and Loyalty Partnership in Saudi Arabia
Al Rajhi Bank and Uber Saudi Arabia have launched a partnership offering eligible customers a complimentary three-month Uber One membership starting Q4 2026.
Forum Outlines AI and Digital Initiatives to Expand Arab-Brazil Economic Ties
Proposals presented at the Brazil and Arab Countries Economic Forum outline digital platforms, AI trade tools, and fintech partnerships to expand bilateral commerce.
PayTabs Group Acquires Amazon Payment Services MENA Operations for Over $100 Million
PayTabs Group agrees to acquire Amazon Payment Services MENA operations in a deal valued above $100 million, processing over SAR 150 billion annually.
Mastercard and QNB Process First International Card Transaction in Syria in 15 Years
Mastercard and QNB Group completed Syria’s first international card transaction in 15 years following system reconnection.
Saudi Industrial Fintech Financing Surges 130% to SR541 Million in H1 2026
Saudi industrial fintech financing climbed 130% to SR541 million in H1 2026 as the number of active digital lenders expanded from three to seven.
Fintech XSquare Closes Pre-Seed Round to Enter Saudi B2B Payments Market
XSquare has raised a pre-Seed investment round from Raed Ventures, 500 Global, and Oraseya Capital to launch B2B payment operations in Saudi Arabia.
Chargebacks911 Report Highlights Internal Fraud Risks Across Global Merchants
A study by Chargebacks911 shows that nearly one in four merchants experiences internal fraud, while over half fail to monitor internal dispute actions.
Saudi First Bank and Noon Launch Co-Branded Visa Credit Card for Online Shoppers
Saudi First Bank and Noon have launched a joint Visa credit card offering up to 10% cashback on digital purchases and a two-year Noon One membership.
Barq and Riyadh Air Partner to Develop Digital Payment Infrastructure
Barq and Riyadh Air have signed a strategic partnership to develop a secure and scalable digital payments platform, enhancing the airline’s financial infrastructure.
SILQ Secures $100 Million to Expand Embedded Finance Platform
SILQ has secured $100 million in financing from regional and international investors to expand its Fina embedded finance platform for SMEs.