Top 10 Most Funded Startups in Saudi Arabia – Who’s Leading?

Saudi Arabia’s startup ecosystem is rapidly evolving, with massive funding flowing into FinTech, FoodTech, and B2B commerce. But which startups have secured the most investment?

Which Saudi Startups Raised the Most Funding?

Here’s a breakdown of the top 10 most funded startups in Saudi Arabia, based on total disclosed investments:

1️⃣ Tamara – $215.6M (FinTech)

• What does Tamara do?

  • A Buy Now, Pay Later (BNPL) platform allowing consumers to split payments.

2️⃣ STC Pay – $200M (FinTech)

• Why is STC Pay important?

  • A leading digital wallet facilitating online and offline transactions.

3️⃣ Foodics – $198M (FoodTech & FinTech)

• How is Foodics revolutionizing FoodTech?

  • A cloud-based restaurant management and POS system provider, serving:
    ✅ Dine-in restaurants & cafés
    ✅ Quick-serve restaurants & bakeries
    ✅ Food trucks & cloud kitchens
    ✅ Non-food micro-retailers

4️⃣ Unifonic – $146M (Enterprise SaaS)

• What does Unifonic specialize in?

  • AI-driven customer engagement and communication solutions.

5️⃣ Sary – $112.1M (B2B Commerce)

• How does Sary support businesses?

  • A B2B wholesale marketplace connecting suppliers with retailers.

6️⃣ Nana – $79M (eGroceries)

• Why is Nana a key player in grocery delivery?

  • An on-demand grocery delivery platform optimizing last-mile logistics.

7️⃣ Zid – $58.9M (eCommerce SaaS)

• What problem does Zid solve?

  • Helps businesses launch and manage online stores with ease.

8️⃣ HyperPay – $50.5M (FinTech)

• Why is HyperPay important?

  • A secure digital payment gateway supporting businesses.

9️⃣ Most Caffeine – $50M (Blockchain Solutions)

• What is Most Caffeine's focus?

  • Develops blockchain-powered business solutions.

🔟 Retailo – $45M (B2B Retail SaaS)

• How does Retailo benefit small businesses?

  • A B2B eCommerce platform helping retailers source inventory.

Which Other Startups Are Making an Impact?

Other notable funded Saudi startups include:

• Master Works ($40M) – PMO SaaS

• Red Sea Farms ($38.8M) – AgTech

• Lean ($36.5M) – FinTech

• Jahez ($36.5M) – Food Delivery & Saudi’s First Unicorn

Why Is FinTech the Leading Sector?

With Tamara, STC Pay, and HyperPay among the most funded startups, FinTech dominates Saudi Arabia’s startup ecosystem. The demand for digital payments, BNPL services, and financial automation is driving massive investments.

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Related links: Which Are the Most Funded Startups in Saudi Arabia?