Tarabut Secures $50M Strategic Financing to Expand Saudi Fintech Infrastructure

Abdulla Almoayed, Tarabut founder & CEO

Tarabut secured a $50 million strategic financing round backed by a consortium of regional incumbents, including Riyad Bank, SAB Invest’s X-Tech Fund, and GIB Saudi Arabia. The transaction scales the company's embedded finance and SME credit decisioning infrastructure across Saudi Arabia. This capitalization directly aligns with a broader macroeconomic shift: Saudi Vision 2030’s mandate to diversify the economy away from hydrocarbon dependency by aggressively increasing SME contribution to GDP.

Why is Tarabut raising $50 million for Saudi Arabia?

Bahrain-founded financial infrastructure company Tarabut has secured $50 million (SAR187 million) in strategic financing as it deepens its focus on embedded finance and SME lending infrastructure in Saudi Arabia.

The financing includes participation from Riyad Bank, X-Tech Fund managed by SAB Invest, GIB Saudi Arabia, Zamil Group, and Kanoo Ventures, the venture investment arm of Yusuf bin Ahmed Kanoo Group, alongside other regional institutions.

The transaction remains subject to regulatory approvals, including approval from the Saudi Central Bank (SAMA).

The funding marks another step in Tarabut’s expansion from its original open banking focus toward a broader financial infrastructure model spanning payments, embedded finance and credit decisioning.

What does Tarabut do?

Founded in 2017 by Abdulla Almoayed, Tarabut provides financial infrastructure across Saudi Arabia, the UAE and Bahrain.

The company initially built its business around open banking, connecting financial institutions and businesses to customer-permissioned financial data. It has since expanded its platform to support:

• Open banking and financial-data connectivity
• Embedded finance
• Payments and account-to-account transactions
• Credit decisioning
• Financial verification
• Cash-flow-based lending infrastructure

Rather than lending directly from its own balance sheet, Tarabut provides technology that enables financial institutions to use permissioned financial information and real-time cash-flow data to assess customers and deliver financial products through third-party platforms.

Tarabut opened its regional headquarters in Riyadh in 2025, reflecting Saudi Arabia’s growing importance to its regional strategy. The company says it has established connectivity with the Kingdom’s major banks and works with institutions including Saudi National Bank (SNB), Alinma Bank and Saudi Awwal Bank (SAB).

How will the $50 million financing be used?

Tarabut plans to use the new capital to deepen its Saudi operations and develop end-to-end embedded finance journeys.

The strategy is to bring multiple steps of the financing process into a single digital infrastructure layer, including:

1. Verification of customers and businesses
2. Financial-data connectivity using customer-permissioned information
3. Credit decisioning based on real-time financial behaviour
4. Financing distribution through third-party digital platforms

This approach could allow financial institutions to embed financing directly into existing customer journeys rather than requiring borrowers to navigate separate lending processes.

Why is SME lending a major focus for Tarabut?

Small and medium-sized enterprises are a central focus of Tarabut’s strategy because traditional SME lending can depend heavily on historical financial statements and static documentation.

Tarabut’s infrastructure enables lenders to complement those documents with real-time financial behaviour and cash-flow information. This can give financial institutions a more current view of a business’s financial position when assessing financing applications.

For Tarabut, the opportunity is therefore less about becoming a lender and more about providing the infrastructure that enables banks and other financial institutions to make data-driven lending decisions.

“The biggest prize is SME finance,” said Abdulla Almoayed, founder and CEO of Tarabut. “Financial institutions want to serve more creditworthy businesses, and our infrastructure helps them turn real financial behaviour into a clearer picture for decision-making.”

Which financial institutions are already using Tarabut’s infrastructure?

Tarabut’s technology is already being used across several financial services applications in Saudi Arabia.

Financial institution / partner	Tarabut application
American Express Saudi Arabia	Open banking technology used to assess credit-limit increase requests, including for self-employed and non-salaried customers
Saudi National Bank (SNB)	SME point-of-sale lending product powered by Tarabut and distributed through Geidea
SAB	Partnership focused on embedded finance
Major Saudi banks	Connectivity through Tarabut’s financial infrastructure

The company says its infrastructure has processed more than 5 billion API calls across Saudi Arabia, the UAE and Bahrain, providing an indication of the scale of its financial-data connectivity.

How much funding has Tarabut raised?

The $50 million strategic financing follows several previous funding rounds since Tarabut was founded in 2017.

The company raised $32 million in its Series A in 2023, led by Pinnacle Capital, with participation from Visa, Tiger Global and Aljazira Capital.

Before that, Tarabut raised $25 million across Seed and Pre-Series A rounds in 2021.

Its disclosed funding history includes:

• 2021: $25 million across Seed and Pre-Series A rounds
• 2023: $32 million Series A
• 2026: $50 million strategic financing

The latest transaction is therefore part of a multi-year expansion of Tarabut’s financial infrastructure platform rather than a shift into direct lending.

How have acquisitions expanded Tarabut’s technology?

Tarabut has also used acquisitions to broaden its infrastructure capabilities.

In 2024, the company acquired UK account-to-account payments company Vyne, adding payment initiation capabilities to its open banking infrastructure.

Earlier in 2026, Tarabut acquired Bahrain-based AI engineering company Servable. The deal added capabilities in synthetic data, model training and AI-powered decisioning for regulated financial institutions.

Together, the acquisitions have expanded Tarabut beyond financial-data connectivity into payments and AI-enabled financial decisioning.

What does Tarabut’s Saudi expansion mean for its next phase?

The latest $50 million financing positions Saudi Arabia as a central market in Tarabut’s next phase of growth.

With its Riyadh headquarters established in 2025, existing relationships with Saudi financial institutions, and more than 5 billion API calls processed across its three core markets, Tarabut is building toward a model in which banks and businesses can integrate financial data, verification, credit decisioning and financing into digital customer journeys.

The company’s next phase will focus on expanding its Saudi operations, developing additional embedded finance products and adding further integrations across the financial ecosystem.