Top 10 Fintech Operating in Saudi Arabia, by Amount Fundraised (USD Mn)
16 June 2024•
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The largest fundraised amount to date was by Geidea, the POS terminals and solutions market leader in Saudi, in 2018, when the Fintech player was acquired for $268 million USD by a Private Equity Fund.
In late 2020, the Kingdom’s first unicorn (a term used to describe a start-up to be valued at over $1 billion USD) was announced, when STCpay, the Kingdom’s leading digital wallet, announced that it had sold a 15% stake in the company to Western Union for a $200 million USD investment.
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