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Fintech firm barq, licensed by the Saudi Central Bank, has closed a significant Series A funding round, securing $329.5M from a consortium of investors.
The substantial capital injection came from NOON INVESTMENT, Sohar International Bank, and M20 Fund, signaling strong backing for the Saudi-based financial technology company.
🇸🇦💰 Saudi digital payments company barq has closed a $329.5 million Series A funding round at a $1.85 billion valuation in Largest Series A Round Ever in the history of the Region, becoming one of the fastest-growing fintech companies in Saudi Arabia and reaching unicorn status within just two years.
🤝📈 The round saw participation from NOON INVESTMENT, Sohar International Bank and M20 Fund, providing fresh capital to support barq’s next phase of growth in Saudi Arabia and beyond. 👥🚀 Since founded by Ahmed Alenazi ( (former CEO of stc pay) , barq has surpassed 15 million users from more than 210 nationalities within two years, reflecting the rapid adoption of its expanding ecosystem of dig
NAYLA | نايلة
نايلة للتمويل هي شركة تقنية مالية متخصصة في تقديم حلول تمويلية مبتكرة ومتوافقة مع الشريعة الإسلامية لتمكين المنشآت المتناهية الصغر وأصحاب الأعمال الحرة في السعودية. 💰 تمويل يصل إلى 200,000 ريال سعودي، بدون ضمانات أو معاملات ورقية ⏳ موافقة رقمية سريعة! ✅ مصمم خصيصًا لدعم رواد الأعمال والمنشآت المتناهية الصغر من أجل تمكين نمو قطاع المنشآت الصغيرة في المملكة العربية السعودية (نايلة حاصلة على الترخيص من البنك المركزي السعودي) #نايلة_للتمويل Nayla Finance is a Fintech specialized in providing innovative Sharia-compliant financing solutions to empower micro-businesses in Saudi Arabia. Under the supervision of the Saudi Central Bank (SAMA). #Naylafinance
$17.9M Pre-seed
8 days ago
Rwaj
a social marketplace platform for live streaming and instant auctions. Buy, sell, and interact with trusted sellers from across the Middle East. 📍 Founded in Saudi Arabia | 🌍 Serving the region.
$1.2M Pre-seed
11 days ago
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