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Saudia Arabia

erad Raises $125M with Jefferies to Boost SME finance in the GCC

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Riyadh-based alternative financing platform erad has partnered with Jefferies, with co-investment from Channel Capital, to secure US$125 million in a credit facility aimed at expanding embedded finance solutions across the GCC. Once finalised, the transaction will mark Jefferies’ first GCC asset-backed financing deal and support its plans to grow its presence in Saudi Arabia. The […]

The post erad Raises $125M with Jefferies to Boost SME finance in the GCC appeared first on Fintechnews Middle East.

Jeddah Fintech Week 2025 Concludes with Focus on Financial Education

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Jeddah Fintech Week 2025 concluded on 17 November after two days of workshops, panels, and discussions at the Jeddah Hilton. Held under the Patronage of His Royal Highness Prince Dr. Saif Al Islam Bin Saud Bin Abdel Aziz Al Saud, the event brought together financial institutions, experts, and industry observers from across Saudi Arabia and […]

The post Jeddah Fintech Week 2025 Concludes with Focus on Financial Education appeared first on Fintechnews Middle East.

Why a Successful Digital Wallet Works Like a Shopping Mall

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Digital wallets are now becoming the front door into financial ecosystems. PCMI reports that wallets have now surpassed credit cards as the world’s most widely used payment method. The market is also expanding rapidly — from US$47.5 billion in 2024 to US$56.8 billion projected in 2025, and toward US$119 billion by 2029. Yet many wallets […]

The post Why a Successful Digital Wallet Works Like a Shopping Mall appeared first on Fintechnews Middle East.

Microsoft to Collaborate with PIF and SITE on Saudi Sovereign Cloud

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The Public Investment Fund (PIF), Saudi Information Technology Company (SITE) and Microsoft have signed a MoU to explore the provision of Microsoft’s sovereign-cloud services in Saudi Arabia. The agreement seeks to enhance the security, confidentiality and sovereignty of data within the country, while providing access to advanced cloud and artificial intelligence technologies. Microsoft brings experience […]

The post Microsoft to Collaborate with PIF and SITE on Saudi Sovereign Cloud appeared first on Fintechnews Middle East.

Paymentology Launches PayCredit Platform for GCC Digital Banks

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Paymentology has launched PayCredit, a credit ledger platform designed to help digital banks and financial institutions offer tailored credit products more efficiently. The launch coincides with rapid growth in digital banking across the GCC and Saudi Arabia, driven by Vision 2030’s financial sector development program and rising demand for flexible credit solutions. Credit cards remain […]

The post Paymentology Launches PayCredit Platform for GCC Digital Banks appeared first on Fintechnews Middle East.

Saudi Proptech Ghanem Raises $7.1M from Al-Romaih Group

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Ghanem, a digital real estate platform specialising in fractional ownership, has closed a US$7.1 million funding round with Al-Romaih Group, an investment firm with interests in Saudi Arabia’s real estate and financial sectors. The investment marks a notable step for Ghanem as it works to expand access to real estate investment through lower entry points, […]

The post Saudi Proptech Ghanem Raises $7.1M from Al-Romaih Group appeared first on Fintechnews Middle East.

Abdul Latif Jameel Finance, Ant International Partner on Saudi Fintech Initiatives

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Abdul Latif Jameel Finance, a provider of financing solutions regulated by the Saudi Central Bank (SAMA), and Ant International have signed a MoU to explore opportunities in the fintech sector in Saudi Arabia. The collaboration aims to support the growth of SMEs in the Kingdom through advanced digital services. The partnership will focus on a […]

The post Abdul Latif Jameel Finance, Ant International Partner on Saudi Fintech Initiatives appeared first on Fintechnews Middle East.

Saudi Arabia Moves to Launch Regulated Stablecoins

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Saudi Arabia is moving closer to launching stablecoins under national regulation, with global crypto exchanges expressing support for the Kingdom’s digital asset plans. Minister of Municipal, Rural Affairs and Housing Majed al-Hogail said the government aims to introduce stablecoins soon with the Capital Market Authority and the Central Bank. “If digital currencies are developed within […]

The post Saudi Arabia Moves to Launch Regulated Stablecoins appeared first on Fintechnews Middle East.

Saudi Payments Platform Stream Raises US$4 Million Seed Round

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Stream, a Saudi-founded platform focused on modernising billing and payments for businesses in the MENA region, has secured US$4 million in seed funding to advance its goal of simplifying how businesses get paid. The round was led by early-stage investment firm Outliers VC, with participation from BYLD Ventures and angel investors including Abdullah Elyas, Co-founder […]

The post Saudi Payments Platform Stream Raises US$4 Million Seed Round appeared first on Fintechnews Middle East.

Top 9 Fintech Events to Attend in Saudi Arabia in Q4 2025 and 2026

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Fintech in Saudi Arabia is growing at a rapid pace, fueled by an expanding startup ecosystem, a rising talent pool, and continued strong capital inflows. According to Fintech Saudi’s annual fintech report, Saudi Arabia is now home to 261 fintech companies, up 21% from 216 a year earlier and 13% above the target of 230 […]

The post Top 9 Fintech Events to Attend in Saudi Arabia in Q4 2025 and 2026 appeared first on Fintechnews Middle East.

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