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Saudi Arabia

Jeel and zypl.ai Partner to Advance AI-Driven Digital Banking in Saudi

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Jeel, the digital innovation arm of Riyad Bank, has signed a MoU with Dubai-based zypl.ai, a specialist in synthetic data generation and AI-powered risk analytics. The agreement sets out a collaborative framework to support the adoption of advanced data technologies, AI, and payment solutions aimed at developing customer-centric digital financial platforms in Saudi Arabia. Central […]

The post Jeel and zypl.ai Partner to Advance AI-Driven Digital Banking in Saudi appeared first on Fintechnews Middle East.

Saudi’s Yasmina Secures $2M to Scale Embedded Insurance Platform

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Yasmina, an embedded insurance platform based in Riyadh, has raised US$2 million in Seed funding. The round was led by Scene Holding, co-led by Access Bridge Ventures, with participation from Arzan VC and the Sanabil Investment Accelerator by 500 MENA. Founded in 2023 by Masoud Alhelou and Bashar Abalkhail, Yasmina provides API-based insurance solutions that […]

The post Saudi’s Yasmina Secures $2M to Scale Embedded Insurance Platform appeared first on Fintechnews Middle East.

Tali Ventures Invests in Tarmeez Capital to Support Sukuk Market Growth

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Tali Ventures, the corporate venture capital arm of stc group, has led a strategic funding round in Tarmeez Capital, a fintech company specialising in sukuk and debt instruments in Saudi Arabia. The investment marks Tarmeez Capital’s transition from a self-funded business to one backed by a major national investor and supports stc group’s broader strategy […]

The post Tali Ventures Invests in Tarmeez Capital to Support Sukuk Market Growth appeared first on Fintechnews Middle East.

Amazon Payment Services Adds Tamara to Expand BNPL Options in UAE and Saudi Arabia

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Amazon Payment Services, a digital payments provider in the Middle East and North Africa (MENA), has added Tamara, a Buy Now, Pay Later (BNPL) provider in the Gulf Cooperation Council (GCC), to its payment options. The partnership allows businesses in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) to offer split […]

The post Amazon Payment Services Adds Tamara to Expand BNPL Options in UAE and Saudi Arabia appeared first on Fintechnews Middle East.

Top CIOs in Saudi Arabia Leading Investment Trends and Strategies

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Abbas Hashmi, a capital strategy advisor working primarily with family offices, founders, and investment funds, has released his selection of the top chief investment officers in Saudi Arabia, highlighting the leading investors shaping Saudi Arabia’s economic future. These executives control vast pools of capital and play a decisive role in determining which companies get funded, […]

The post Top CIOs in Saudi Arabia Leading Investment Trends and Strategies appeared first on Fintechnews Middle East.

Saudi’s PetroApp Secures $50M to Support IPO and Expansion

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PetroApp, a Saudi Arabia-based independent digital platform for fuel payments, fleet management, and vehicle services, has closed a US$50 million funding round. The investment was led by Jadwa Investment through its GCC Diversified Private Equity Fund, with additional participation from Bunat Ventures. Established in 2018, PetroApp is Saudi Arabia’s first standalone provider of cashless fuel […]

The post Saudi’s PetroApp Secures $50M to Support IPO and Expansion appeared first on Fintechnews Middle East.

Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency

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The Saudi Central Bank (SAMA) has announced an overhaul of the Kingdom’s credit card regulations, aimed at improving transparency, reducing costs for consumers, and supporting the national transition towards digital payments. The new rules will be implemented within a period of 30 to 90 days. Under the revised framework, credit card holders can expect lower […]

The post Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency appeared first on Fintechnews Middle East.

OCTA Secures US$20 Million to Expand SME Financing in Saudi

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OCTA, a fintech platform based in the UAE, has secured a US$20 million credit facility from the Sukna Fund for Direct Financing (SFDF). The funding will support OCTA’s goal to offer short-term working capital financing directly through its platform, enabling SMEs in Saudi Arabia to access credit more easily. Unlike traditional lending models that require […]

The post OCTA Secures US$20 Million to Expand SME Financing in Saudi appeared first on Fintechnews Middle East.

Stake Introduces Real-Time Card Withdrawals via Checkout.com

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Dubai-based property investment platform Stake has launched a new withdrawal feature, Pay to Card, in partnership with global payments company Checkout.com. The service enables investors to receive their dividends and returns directly to their bank cards, often within minutes. The launch follows a pilot phase in May involving over 200 investors. Several users reported receiving […]

The post Stake Introduces Real-Time Card Withdrawals via Checkout.com appeared first on Fintechnews Middle East.

UK’s NayaOne Launches Saudi’s First Fully Hosted Fintech Infrastructure Platform

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UK-based fintech infrastructure provider NayaOne has launched Saudi Arabia’s first fully Saudi-hosted Vendor Delivery Infrastructure (VDI) platform, supported by regional business expansion specialist AstroLabs. The launch marks NayaOne’s official entry into the Saudi market and is designed to support financial institutions, including banks, insurers, and fintechs, in developing, testing, and deploying products within weeks. Backed […]

The post UK’s NayaOne Launches Saudi’s First Fully Hosted Fintech Infrastructure Platform appeared first on Fintechnews Middle East.

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