Bwatech Raises $16M to Expand Corporate Fintech Solutions in KSA

Hashem Alhekail (Bwatech Chairman of the Board of Directors) and Faris Bin Ibrahim AlRashed AlHumaid (Sharaka Financial Managing Director & CEO)

Bwatech, a Saudi fintech company specialising in corporate financial solutions, has raised $16 million (SAR 60 million) in a funding round led by Sharaka Financial.

The funding will accelerate Bwatech’s growth and expand its presence in the Saudi market, strengthening its position as a leading provider of fintech solutions that enhance corporate and banking efficiency.

Bwatech offers an integrated platform that enables businesses to manage financial operations with multiple banks, including digital bank guarantees, account management, and open banking services. Its solutions are available via a web portal and mobile app, with API integrations for direct, seamless connectivity to corporate internal systems.

Operating under the SAMA’s regulatory sandbox, Bwatech is building the infrastructure for more efficient corporate financial management.

Hashim Al Hekail, Founder and Chairman of Bwatech, said, “This round marks a pivotal step toward building a more efficient digital financial infrastructure for businesses, and we are pleased to have the trust of partners who share our vision for growth and expansion.”

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