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barq closes $329.5M Series A at $1.85B valuation, backed by Noon Investments, Sohar International Bank, and M20 Fund.
PRIVATESep 15, 2026•1 day ago
Amount Raised
$330 Million
Round Type
Series A
Saudi ArabiaFinancial ServicesFinanceFintechLending
Investors
M20 FundSohar International BankNoon Investments
Description
Digital payments firm barq has completed a Series A funding round totaling $329.5 million, valuing the company at $1.85 billion. The round was led by Noon Investments, Sohar International Bank, and M20 Fund. barq has grown to over 15 million users across 210 nationalities in under two years, processing over SAR 440 billion in funds. The capital will support operational efficiency, product development, and expansion into new regional and international markets.
Company Information
Company
barq
Location
Saudi Arabia
About
barq is a digital payments and fintech company based in Saudi Arabia that provides a comprehensive ecosystem of digital financial services and solutions. With over 15 million users representing 210+ nationalities in under two years, barq has processed over SAR 440 billion in funds. The company is one of the fastest fintech companies worldwide to achieve unicorn status, valued at $1.85 billion.
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2 contacts
Verified contactsAhmed A., Chief Executive Officer hidden
Saudi ArabiaFinancial ServicesFinanceFintechLending