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Saudi Arabia

Tamara Secures US$2.4 Billion Asset-Backed Facility

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Tamara, Saudi Arabia’s first homegrown fintech unicorn, has secured an asset-backed facility of up to US$2.4 billion, the largest of its kind in the region, from a group of major financial institutions including Goldman Sachs, Citi, and Apollo funds. The deal fully refinances and expands on a previous US$500 million facility arranged by Goldman Sachs. […]

The post Tamara Secures US$2.4 Billion Asset-Backed Facility appeared first on Fintechnews Middle East.

HALA Raises $157M Series B, Boosting Services for Saudi SMEs

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HALA, a Saudi Arabian fintech and provider of embedded financial services for MSMEs, has raised US$157 million in a Series B funding round, one of the largest Series B rounds in the Middle East fintech sector. The round was led by The Rise Fund, TPG’s multi-sector global impact investing strategy, and Sanabil Investments, a wholly […]

The post HALA Raises $157M Series B, Boosting Services for Saudi SMEs appeared first on Fintechnews Middle East.

Thunes Rolls Out Real-Time Cross-Border Payments into Saudi Arabia

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Global cross-border payments company Thunes has announced the rollout of real-time cross-border payments into Saudi Arabia, enabling direct transfers to bank accounts and digital wallets in Saudi Riyals (SAR) through its Direct Global Network. The service aims to simplify transactions for both individuals and businesses. The launch comes as Saudi Arabia advances its financial sector […]

The post Thunes Rolls Out Real-Time Cross-Border Payments into Saudi Arabia appeared first on Fintechnews Middle East.

Mastercard Partners with Qlub to Expand Hospitality Digital Payments in GCC

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Mastercard has partnered with Qlub, a fintech company operating in the hospitality sector, aimed at expanding digital and contactless payments across the GCC. The partnership is intended to support the adoption of technology-driven payment solutions in restaurants across the region. Under the agreement, Mastercard will provide its payment platforms and technologies to Qlub and will […]

The post Mastercard Partners with Qlub to Expand Hospitality Digital Payments in GCC appeared first on Fintechnews Middle East.

UAE and Saudi Consumers Lead in AI Adoption and Social Commerce

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Deloitte’s Digital Consumer Trends 2025 report provides insights into how consumers in the UAE and Saudi Arabia (KSA) engage with digital technology, media, and connectivity. The study surveyed 2,000 consumers aged 18–50 across both markets, highlighting rapid adoption of generative AI, the dominance of smartphones, growing interest in connected devices, and the rise of social […]

The post UAE and Saudi Consumers Lead in AI Adoption and Social Commerce appeared first on Fintechnews Middle East.

Saudi’s Capital Market Authority Seeks Feedback on Draft Robo-Advisory Regulations

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Saudi Arabia’s Capital Market Authority (CMA) has invited relevant stakeholders in the capital market to provide feedback on the draft regulation permitting capital market institutions to offer robo-advisory services. The consultation period will last 30 calendar days, ending on September 24 2025. The draft regulation aims to allow licensed capital market institutions engaged in investment […]

The post Saudi’s Capital Market Authority Seeks Feedback on Draft Robo-Advisory Regulations appeared first on Fintechnews Middle East.

Orange Egypt and Enjaz Partner to Offer Free Transfers From Saudi to Egypt

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Orange Egypt has entered into an exclusive partnership with Enjaz Payment Services, a fintech company in Saudi Arabia and the wider Middle East. Enjaz operates across the Kingdom through a network of more than 140 branches and also provides digital financial services. The agreement introduces a money transfer service from Saudi Arabia to Egypt via […]

The post Orange Egypt and Enjaz Partner to Offer Free Transfers From Saudi to Egypt appeared first on Fintechnews Middle East.

Holo Raises $22M in Series A to Expand in UAE and Saudi Arabia

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Holo, a UAE-based proptech, has raised US$22 million in one of the largest Series A rounds in the GCC in 2025. The round was led by Saudi Arabia’s Impact46, with participation from Mubadala Investment Company, Rua Growth Fund, anb seed, MoreThan Capital, and returning investors Salica Oryx Fund and Dubai Future District Fund. Last year, […]

The post Holo Raises $22M in Series A to Expand in UAE and Saudi Arabia appeared first on Fintechnews Middle East.

Money20/20 Middle East 2025 Set for 15 to 17 Sept in Riyadh

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Money20/20 Middle East, a platform for the fintech and financial community, hosted by the Financial Sector Development Program, Saudi Central Bank (SAMA), Capital Market Authority and Insurance Authority, and co-organised by Fintech Saudi and Tahaluf, has announced its speaker lineup. The event will bring together international figures involved in finance, policy and technology. Taking place […]

The post Money20/20 Middle East 2025 Set for 15 to 17 Sept in Riyadh appeared first on Fintechnews Middle East.

Alaan Raises $48M to Expand in Saudi and Advance AI Finance Tools

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Alaan, a spend management platform for businesses in the Middle East, has secured US$48 million in a Series A funding round. The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA), with notable participation from the founders of 885 Capital, Sudeep Ramnani and Jai Mahtani, as well as Y Combinator, 468 […]

The post Alaan Raises $48M to Expand in Saudi and Advance AI Finance Tools appeared first on Fintechnews Middle East.

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