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Saudia Arabia

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.

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.

Stake Launches First Real Estate Development Fund in Saudi Arabia

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Stake, a real estate investment platform based in Dubai and Riyadh, has launched its first private real estate development fund in Saudi Arabia. The fund is located in Riyadh’s Al Malqa district, near major commercial and government zones including the King Abdullah Financial District and the Diplomatic Quarter. It is fully Shariah-compliant and open to […]

The post Stake Launches First Real Estate Development Fund in Saudi Arabia appeared first on Fintechnews Middle East.

MoneyGram and tiqmo Launch International Transfer Service in Saudi Arabia

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MoneyGram, a US-based global payments network, has announced a partnership with tiqmo, a financial technology firm headquartered in Saudi Arabia. The collaboration allows tiqmo users in the Kingdom to send international money transfers to more than 200 countries and territories through MoneyGram’s global infrastructure. The integration gives tiqmo users access to over five billion digital […]

The post MoneyGram and tiqmo Launch International Transfer Service in Saudi Arabia appeared first on Fintechnews Middle East.

Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors

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Saudi Arabia’s digital bank D360, backed by the Public Investment Fund (PIF), is in preliminary discussions with potential global investors as it prepares for a Series A funding round slated for the second half of 2025. The Shariah-compliant bank, which began operations in December, aims to complete the fundraising in the first quarter of 2026, […]

The post Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors appeared first on Fintechnews Middle East.

Stride Ventures Expands in Saudi as Venture Debt Surges in GCC

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Stride Ventures, a India-based player in venture debt, has announced a significant expansion across the Gulf Cooperation Council (GCC), with Saudi Arabia at the centre of its regional strategy. This includes doubling its local team and opening a second regional office, signalling a growing focus on alternative financing models in the region. The announcement aligns […]

The post Stride Ventures Expands in Saudi as Venture Debt Surges in GCC appeared first on Fintechnews Middle East.

GCC Customers Push for Blended Digital and In-Person Banking

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A new survey by Arthur D. Little (ADL), covering 24 banks in the UAE and 18 in the Kingdom of Saudi Arabia (KSA), finds that customers across the Gulf Cooperation Council (GCC) are increasingly seeking integrated omnichannel banking experiences that balance digital convenience with human interaction. The findings show both distinct and converging trends in […]

The post GCC Customers Push for Blended Digital and In-Person Banking appeared first on Fintechnews Middle East.

Qashio Raises $19.8M to Fuel MENA and Saudi Expansion

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Dubai-based business-to-business (B2B) spend management platform Qashio has secured US$19.8 million in its latest funding round, comprising both equity and non-equity financing. The round was led by existing investor Rocketship, a Silicon Valley-based venture capital firm, with further participation from ABN Ventures, MITAA, and Oneway VC. New strategic investors, including Luxembourg’s MoreThan Capital, major banks […]

The post Qashio Raises $19.8M to Fuel MENA and Saudi Expansion appeared first on Fintechnews Middle East.

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