What Are The Most Funded Startups in Saudi Arabia?

By Erika Masako Welch, 03 March 2023
What Are The Most Funded Startups in Saudi Arabia?

Top Funded Startups Are in Fintech

Considering that 4 out of the top 10 funded startups in Saudi in 2022 were fintechs, and #1 Tamara and #2 stc pay, each raised more than US$ 200 million, it comes as little surprise that fintech emerges as the most funded sector in the Kingdom. This is a trend seen around the globe, as fintech is considered the backbone infrastructure from which many other tech industries can commercialize and receive digital payments - from e-Commerce to restaurant tech and delivery aggregators - fintech is always involved. 

See Graph: Top 10 Most Funded Saudi-Born Startups to Date + Honourable Mentions: Tamara, stc pay, Foodics, Unifonic, Sary, Nana, Zid, HyperP

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