You are reading one round. Fundz also knows which of your own LinkedIn connections can open this account.See it live →
Tarabut secures $50M from Saudi banks and business groups including Riyad Bank, SAB Invest, and GIB Saudi Arabia to expand embedded lending in Kingdom.
Kanoo VenturesZamil GroupGib Saudi ArabiaSab InvestRiyad Bank
Description
Tarabut, a Bahrain-founded financial infrastructure company, has secured $50 million in strategic financing from a consortium of Saudi banks and family business groups. The round includes participation from Riyad Bank, the X-Tech Fund managed by SAB Invest, GIB Saudi Arabia, Zamil Group, Kanoo Ventures, and other regional institutions. This represents Tarabut's largest disclosed funding since its $32 million Series A in 2023, and is subject to regulatory approvals from the Saudi Central Bank. The financing will support Tarabut's expansion of embedded lending and credit decisioning services across Saudi Arabia.
Company Information
Company
Tarabut
Location
Dubai, Dubai, United Arab Emirates
About
Tarabut is the MENA region’s leading, regulated financial technology platform, connecting the financial ecosystem to power seamless, smart and inclusive finance. Since 2017, Tarabut has built the region’s leading financial data infrastructure and partnered with top banks to unlock new revenue streams and expand financial access. By externalising financial data through open banking, enhancing it with advanced analytics and data intelligence, and embedding financing directly into digital customer journeys, Tarabut helps banks, financial institutions, businesses and individuals unlock new opportunities and bridge the financing gap that holds back economic growth and financial inclusion across the region.
Don't miss Tarabut's next move
Get an email the moment Tarabut raises, hires an exec, or expands, usually minutes after it happens.
DubaiFinancial ServicesFinanceFintechLendingBanking