FINTECH
JulySAUDI 2021 REVIEW
The leadership's keenness to keep pace with the rapid development in the FinTech sector and to empower the Kingdom to be among the largest financial hubs in the world.
H.E. Mr. Mohammed AlJadaan Minister of Finance
News and Updates
Saudi Arabia Takes Banking Industry Leap by Approving Digital Banks
The Saudi Cabinet gave the Kingdom's finance minister the green light to issue licenses for the country's first digital banks, in a virtual meeting chaired by King Salman, the Cabinet approved the finance minister issuing the necessary licenses for STC Bank and Saudi Digital Bank, both under establishment.
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The Saudi Central Bank Receives the Global Impact Award for its Outstanding Efforts in the Financial Technologies
The Saudi Central Bank has received the Global Impact Award 2021, which was granted by the Central Banking Committee as part of its Central Banking FinTech & RegTech Global Awards.
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Tweeq Raises Investment for its Spending Account App
Riyadh-based fintech Tweeq has raised an undisclosed amount of money in an investment round led by STV and Raed Ventures, it announced today. The startup said its a seven-figure (USD) round without sharing further details
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NearPay raises $2.1 million pre-Seed investment
NearPay, a financial payments and technology company, announced the closure of its seed investment tour worth 8 million SAR through angel investors. The company started operating in 2020 and this is the second investment for NearPay in just five months. CLICK HERE FOR MORE
Tamara raises $110 million in Series A round
Tamara, Buy-Now-Pay-Later platform announced the closing of the largest Series A funding round in MENA of $110 million led by Checkout.com. The investment will help Tamara expedite its expansion across the GCC by the end of 2021 and the greater region thereafter.
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Prexle completes its $670,000 Seed round
Saudi Arabia-based cloud point of sale startup which helps owners run their stores has completed its seed round of 2.5m SAR by several angel investors. Prexle was founded in mid 2020, with a purpose to provide a unique and complete solution for retail owners. CLICK HERE FOR MORE
CLICK HERE TO CHECK OUT THE OPPORTUNITIES AVAILABLE ON FINTECH SAUDI’S JOB PORTAL:
Employers who are looking to post vacancies on our job portal can do it by clicking here
Fintech Internships 21 Fintech Internships 21
Marketing & Sales Finance
0 - 2 Years 0 - 2 Years
Jeddah Jeddah Saudi Arabia Saudi Arabia
Fintech Internships 21 Fintech Internships 21
Marketing & Sales Marketing & Sales
0 - 2 Years 0 - 2 Years
Riyadh Riyadh Saudi Arabia Saudi Arabia
Fintech Internships 21 Compliance Officer
Business Admin
0 - 2 Years 2 - 5 Years
Riyadh Riyadh Saudi Arabia Saudi Arabia
Compliance Manager Finance Manager
Admin Finance
2 - 5 Years 2 - 5 Years
Riyadh Riyadh Saudi Arabia Saudi Arabia
IT Manager Network Engineer
IT IT
2 - 5 Years 5 - 10 Years
Riyadh Riyadh Saudi Arabia Saudi Arabia
The 2nd Cohort of Introduction to Fintech Course is Open for Registration
After the success of the 1st cohort of the Introduction to Fintech course, we are pleased to announce the launch of the 2nd cohort of Introduction to Fintech course designed by the University of Hong Kong (HKU) and delivered by Pearsonn. All participants that complete the course will receive a certificate from HKU and a digital badge from Pearson / Fintech Saudi.
7 Weeks from 28th August 2021 until 18th October 2021.
Virtually Held
Total course fees are SAR 3,666 * ALL FEES CHARGED FOR THIS COURSE ARE THE COST FOR RUNNING THE COURSE. NONE OF THE FEES WILL BE ASSIGNED TO FINTECH SAUDI
Click here TO LEARN MORE AND REGISTER FOR THE COURSE
The 3rd Cohort of SMU Executive Course in Fintech, Innovation and Data
We are pleased to announce the 3rd edition of the SMU Executive Course in Fintech, Innovation and Data. The course is designed specifically for professionals working in financial institutions to support them to contribute to innovation activities within their organization.
4 Days from 16th August 2021 until 19th August 2021.
Virtually Held
Total course fees are SGD 4,280 * ALL FEES CHARGED FOR THIS COURSE ARE THE COST FOR RUNNING THE COURSE. NONE OF THE FEES WILL BE ASSIGNED TO FINTECH SAUDI
Click here TO LEARN MORE AND REGISTER FOR THE COURSE
Fintech Saudi’s Deep Dives Reports
Fintech Saudi’s Deep Dives Reports are a series of reports developed by Fintech Saudi in collaboration with Deloitte to look at six key areas of opportunities in the Saudi fintech industry. Each report provides an introduction to the area, business models to consider and case studies
Click here TO ACCESS THE REPORTS
FINTECH SAUDI’S YOUTH ART COMPETITION
Fintech Saudi launched the Fintech Saudi Youth Art Competition, which aims to encourage youth to imagine and draw what their future and what the future of the Saudi Arabia will look like.
The Fintech Saudi Youth Art Competition will run from 15 June 2021 to 15 July 2021 and it is open to anyone under 16 years old in Saudi Arabia
Three lucky winners will each receive a prize of SAR 5,000 and have their artwork re-created to be displayed in Fintech Saudi’s soon to be launched Fintech Hub in King Abdullah Financial District (KAFD), Riyadh.
Click here TO FIND OUT MORE AND TO ENTER THE COMPETITION
FINTECH COACHING PROGRAM
Congratulations to the 10 excellent fintech companies accepted onto the Fintech Coaching Program that will each receive a dedicated coach from Accenture to help them to scale their business and contribute to the fintech industry in the Kingdom!
FINTECH INVESTMENTS ROUNDS IN 2021 IN SAUDI - HALF YEAR UPDATE