Sharaka Financial leads funding to support Bwatech’s growth and digital infrastructure
Bwatech, a Saudi fintech firm specializing in corporate financial solutions, has raised US$16 million (SAR 60 million) in a funding round led by Sharaka Financial.
The fresh capital will fuel Bwatech’s expansion across the Saudi market and strengthen its position as a provider of financial technologies tailored for corporates and banks.
Bwatech’s platform enables companies to manage financial activities across multiple banks, offering services such as:
Digital bank guarantees
Multi-account management
Open banking connectivity
The firm provides access via a web portal and mobile app, with API integrations that connect seamlessly with corporate internal systems, driving efficiency and transparency.
Operating under the Saudi Central Bank (SAMA)’s regulatory sandbox, Bwatech continues to innovate in digital infrastructure for corporate finance.
Hashim Al Hekail, Founder and Chairman of Bwatech, stated:
“This round marks a pivotal step toward building a more efficient digital financial infrastructure for businesses, and we are pleased to have the trust of partners who share our vision for growth and expansion.”
