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Saudi Arabian FinTech company Lean Technologies has raised $33m in an investment that was led by Sequoia Capital.
Saudi Arabia-based FinTech company Lamaa has closed one of the country’s largest seed rounds, pulling in $5.5m.
A recent report by FinTech Saudi has found how Saudi Arabia’s FinTech market has seen a 37% hike in new companies with investment exceeding SAR$1.3bn ($347m).
Dubai-based payments gateway company Telr introduced a buy now, pay later (BNPL) solution after entering a partnership with compatriot BNPL firm tabby.
Saudi Arabia-headquartered Tamara, a buy-now-pay-later (BNPL) platform, has scored the largest Series A in MENA.
Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.
Saudi Arabia-based invoice financing platform Lendo has reportedly collected $7.2m in its Series A round.
Peer-to-peer lending platform Raqamyah has reportedly raised $2.3m in a funding round led by Impact46.