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Saudia Arabia

MoneyHash Names Abdullah Khayat as Country Director for Saudi

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MoneyHash, a payment orchestration platform, has appointed Abdullah Khayat as Country Director and General Manager for Saudi Arabia. Khayat brings over a decade of experience in driving growth and digital transformation across the financial services, fintech, retail, and government sectors in Saudi Arabia and the wider MENA region. The company aims to strengthen its presence […]

The post MoneyHash Names Abdullah Khayat as Country Director for Saudi appeared first on Fintechnews Middle East.

SAB Invest and Stride Ventures Partner to Boost Saudi VC Sector

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Saudi-based SAB Invest has announced a partnership with Stride Ventures, an India-based growth debt and private credit platform, to strengthen Saudi Arabia’s venture capital ecosystem by introducing international expertise and firms into the local market. The collaboration marks SAB Invest’s expansion into startup-focused investments and private credit for SMEs. It also enables Stride Ventures to […]

The post SAB Invest and Stride Ventures Partner to Boost Saudi VC Sector appeared first on Fintechnews Middle East.

Hong Kong, Saudi Arabia Deepen Cooperation in Innovation and Technology

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A business delegation jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), led by Financial Secretary Paul Chan, visited Riyadh, Saudi Arabia, from 27 to 31 October. The delegation attended the Future Investment Initiative (FII) Summit and held meetings with senior government officials […]

The post Hong Kong, Saudi Arabia Deepen Cooperation in Innovation and Technology appeared first on Fintechnews Middle East.

Tabby Valued at $4.5 Billion Following Secondary Share Sale

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Tabby, a financial services app headquartered in Saudi Arabia, has completed a secondary sale of shares held by certain existing investors. HSG, Boyu Capital and others acquired these shares, implying a company valuation of US$4.5 billion. No new shares were issued, and Tabby did not receive any proceeds from the transaction. Hosam Arab, CEO and […]

The post Tabby Valued at $4.5 Billion Following Secondary Share Sale appeared first on Fintechnews Middle East.

HUMAIN and AirTrunk Partner on $3B Data Centre Project in Saudi

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HUMAIN, a Saudi-based AI company, and AirTrunk, a data centre platform in the Asia-Pacific region, have announced a strategic partnership to develop data centres in Saudi Arabia. The first project involves an investment of around US$3 billion to establish a large-scale data centre campus in the country. The partnership combines HUMAIN’s role as Saudi Arabia’s […]

The post HUMAIN and AirTrunk Partner on $3B Data Centre Project in Saudi appeared first on Fintechnews Middle East.

Saudi Insurtech Najeeb.ai Secures Pre-Seed Funding for AI-Driven Growth

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Saudi-based Najeeb.ai, a platform integrating AI with insurance technology, has announced the successful completion of its pre-Seed funding round, supported by a group of local and regional angel investors. The funding will be directed towards the development of AI-driven products, expanding integrations with insurance companies and healthcare providers, and enhancing operational capabilities ahead of both […]

The post Saudi Insurtech Najeeb.ai Secures Pre-Seed Funding for AI-Driven Growth appeared first on Fintechnews Middle East.

JCB, STC Bank Partner to Explore Card Acceptance in Saudi Arabia

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JCB International, the international operations subsidiary of JCB, Japan’s only international payment brand, and STC Bank have signed a MoU to begin discussions on enabling JCB payment acceptance in Saudi Arabia. The MOU provides a framework for both organisations to explore opportunities to expand card acceptance and improve payment services for JCB customers in Saudi […]

The post JCB, STC Bank Partner to Explore Card Acceptance in Saudi Arabia appeared first on Fintechnews Middle East.

Jeel and Mambu Collaborate to Develop Saudi’s Fintech Sandbox

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Jeel, the innovation and technology subsidiary of Riyad Bank, has partnered with Mambu, a global cloud-native core banking platform, to enhance the unified ecosystem supported by the newly launched Jeel Sandbox. The Jeel Sandbox, developed in collaboration with Fintech Saudi, is Saudi Arabia’s first fintech sandbox accelerator aimed at enabling startups, financial institutions, and innovators […]

The post Jeel and Mambu Collaborate to Develop Saudi’s Fintech Sandbox appeared first on Fintechnews Middle East.

The Hidden Champion of Digital Payments Empowering Acquiring Leaders

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Imagine running a modern city’s transportation network on a century-old single-track railway. That’s the reality many acquirers face today. Their legacy systems are unable to keep up with real-time digital commerce. While everyone sees the tap, click, or swipe, few realise that the true enabler of speed, personalisation, and profitability in merchant acquiring is the […]

The post The Hidden Champion of Digital Payments Empowering Acquiring Leaders appeared first on Fintechnews Middle East.

Alhamrani Universal Deploys Atombeam Tech to Speed Up Payment Data Transfers

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Atombeam, whose innovative technology redefines how data is used, moved, stored, and secured, today announced that Alhamrani Universal (AU), amongst Saudi Arabia’s largest fintech solutions providers, has deployed Atombeam’s Neurpac SaaS solution to dramatically accelerate the transmission of electronic payment transactions data. AU is a pioneer in payment technologies for banks, serving hundreds of thousands […]

The post Alhamrani Universal Deploys Atombeam Tech to Speed Up Payment Data Transfers appeared first on Fintechnews Middle East.

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