Tarabut secures $50 million to deepen Saudi embedded finance push
Bahrain-founded fintech infrastructure company Tarabut has secured $50 million (SAR187 million) in strategic financing from Riyad Bank, X-Tech Fund managed by SAB Invest, GIB Saudi Arabia, Zamil Group and Kanoo Ventures, alongside other regional institutions. The transaction remains subject to regulatory approvals, including from the Saudi Central Bank (SAMA). Founded in 2017 by Abdulla Almoayed,…
We haven't written up this one. Wamda has the full story — the link below goes straight to it.
