Fintech Saudi Arabia

05/08/2025

Alaan has raised US$48 million in Series A funding to expand its operations in Saudi Arabia and develop AI-based finance tools.

Read here: https://fintechnews.ae/27170/fintech-saudi-arabia/alaan-raises-48m-saudi-expansion-ai-finance/

Alaan raises $48 million to expand in Saudi Arabia and enhance its AI-driven finance automation tools for businesses.

30/07/2025

Jeel and zypl.ai partner to integrate synthetic data and AI technologies into Saudi Arabia’s digital banking sector.

Read here: https://fintechnews.ae/27099/fintech-saudi-arabia/jeel-zyplai-mou-saudi-digital-banking/

Jeel and zypl.ai signed an MoU to bring synthetic data and AI risk tools into Saudi Arabia’s digital banking ecosystem under Vision 2030.

03/07/2025

PetroApp has raised $50 million in funding led by Jadwa Investment to support its IPO plans and international expansion.
Read here: https://fintechnews.ae/26720/fintech-saudi-arabia/petroapp-raises-50m/

PetroApp raised $50 million led by Jadwa Investment to support its IPO, global expansion, and AI-driven service growth.

27/02/2025

Uber's Economic Impact Report examines its SAR 1.1 billion contribution to Saudi Arabia's economy, mobility, and workforce in 2023

Read here: https://fintechnews.ae/24455/fintech-saudi-arabia/ubers-economic-impact-in-saudi-arabia-reaches-sar-1-1-billion/

Uber’s report reveals a SAR 1.1 billion impact on Saudi Arabia, highlighting its role in mobility, business support, and job creation.

25/02/2025

Telr’s technology will be integrated with Bank AlJazira’s banking infrastructure to streamline digital transactions and enhance fraud protection

Read here: https://fintechnews.ae/24427/fintech-saudi-arabia/telr-partners-with-bank-aljazira-to-enhance-digital-payments-in-saudi/

Telr and Bank AlJazira partner to enhance digital payments in Saudi Arabia, improving security and supporting the cashless economy shift.

20/02/2025

While labor-intensive jobs will be largely unaffected, highly skilled roles, particularly in finance and IT, will see significant transformation.

Read here: https://fintechnews.ae/24297/fintech-saudi-arabia/genai-to-boost-saudi-arabia-gdp-by-us42-3b-by-improving-productivity/

In Saudi Arabia, generative artificial intelligence (genAI) has the potential to elevate the country’s gross domestic product (GDP) by approximately US$42.3 billion, a growth which would be driven by increased productivity and automation, a new report by the Saudi Data and Artificial Intelligence ...

19/02/2025

Despite the dramatic fall, Saudi Arabia retains its position as the leading recipient of VC funding in the MENA region

https://fintechnews.ae/24275/fintech-saudi-arabia/fintech-funding-plunges-74-in-saudi-arabia/

Fintech funding in Saudi Arabia saw a significant drop of 74% year-over-year (YoY) in 2024, totaling US$182 million, according to a new report by Magnitt, a startup research and data platform, sponsored by the Saudi Venture Capital Company (SVC).

14/01/2025

The program will offer startups an initial investment of USD $100,000 and access to follow-on funding.

Orbit Startups and Sanabil Investments introduce the Sanabil Accelerator, offering pre-seed investment and growth support to startups in fintech, healthcare, e-commerce, mobility, and logistics across the MENA region.

23/09/2024

A new report by KPMG looks at the rise of the fintech sector in the country, providing an overview of the state of fintech in Saudi Arabia and highlighting emerging trends.

A new report by KPMG looks at the rise of the fintech sector in Saudi Arabia, providing an overview of the state of fintech in Saudi Arabia and highlighting emerging trends.

23/09/2024

On Saudi National Day, we honor the nation's achievements in fintech and beyond. Stay inspired by the growth of digital finance in Saudi Arabia!