MENA Fintech Association

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

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 […]

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

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 […]

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

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 […]

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

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 […]

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

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 […]

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

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 […]

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

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 […]

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Tali Ventures Invests in Tarmeez Capital to Support Sukuk Market Growth

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 […]

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

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 […]

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Top CIOs in Saudi Arabia Leading Investment Trends and Strategies

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, […]

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