Book a free demo with us
Book Now
STCpay | Saudi’s first Unicorn

STCpay | Saudi’s first Unicorn

By Erika Masako Welch 30 November 2021
Saudi’s first Unicorn
Saudi’s first Unicorn

STCpay is an interesting fintech player in the Saudi Fintech Ecosystem. It’s a fintech born within the walls of one of the largest telecommunications players in the Kingdom, and one of the largest companies in the Kingdom: Saudi Telecoms Company (STC). STC is ranked 3rd in Forbes Middle East’s “Top 100 Companies in Saudi Arabia” list, which takes into account market capitalization, revenue, profit, and assets. STC is a heavy-weight that posts $15 billion USD in annual revenues, and over $2 billion USD in profits each year.

STCpay’s origin story is that of a large, powerful, and asset-heavy company (STC) giving birth to a small, nimble, and asset-light company (STCpay) that would be easy to scale - in hopes that these two businesses together can become a formidable and unstoppable force. In 2017,

Content Locked

Login or Register a FREE account to continue browsing our content

Related Report

An ultimate guide to fintech in the Kingdom of Saudi Arabia

An ultimate guide to fintech in the Kingdom of Saudi Arabia

A comprehensive overview of the Kingdom’s fintech journey to date & the current opportunities & challenges.

Did you check these out?

Related Contents

Subscribe to Our Newsletter

to keep up to date with Lucidity Insights' latest content