Top FinTech Startups in Saudi Arabia

Over the past decade, the financial technology (fintech) landscape in Saudi Arabia has undergone a dramatic transformation, reflecting both global trends and unique local developments. Once characterised by a traditional banking ecosystem, the Kingdom has embraced rapid digitalisation, regulatory reform and a culture of innovation, catalysed by ambitious national initiatives such as Vision 2030.

These shifts have not only modernized the way financial services are delivered but have also created fertile ground for a new generation of fintech companies to thrive. These days, Saudi Arabia stands at the forefront of fintech in the Middle East, with a dynamic ecosystem that spans digital payments, lending platforms, insurtech, wealth management and beyond.

This evolution has been fueled by a tech-savvy population, rising smartphone penetration, supportive government policies and growing investor interest, thus making the Saudi Arabia a key player in shaping the future of finance in the region.

 

The Rise of a Homegrown Fintech Ecosystem

 

Saudi Arabia’s fintech sector has moved beyond merely adopting international trends to cultivating a vibrant, homegrown ecosystem. Spearheaded by the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA), initiatives like the FinTech Saudi hub have played a pivotal role in nurturing local talent and fostering innovation.

The regulatory environment has also evolved rapidly, with sandbox frameworks allowing startups to test new ideas in a controlled setting. In addition, local banks and financial institutions are increasingly partnering with fintech firms to co-develop solutions tailored to the Saudi market, such as Sharia-compliant digital services and real-time payments infrastructure.

This growing collaboration, coupled with rising consumer demand for seamless, tech-enabled financial experiences, is helping to define a distinctly Saudi fintech identity. As a result, the Kingdom is not only catching up with global fintech standards but is also positioning itself as a regional leader in financial innovation.

 

Top 8 FinTech Startups in Saudi Arabia 

 

These are the top eight FinTech startups in Saudi Arabia in 2025.

 

STC Pay

 

Launched in 2018, STC Pay is a leading digital wallet and payment solutions platform in Saudi Arabia. Founded by the telecommunications giant STC (Saudi Telecom Company), the platform allows users to transfer money, pay bills and make purchases with ease.

STC Pay stands out by leveraging STC’s extensive customer base and network infrastructure. The platform’s key advantage lies in its seamless integration with local banks, businesses and international payment systems, making it a convenient option for everyday financial transactions.

STC Pay’s rapid growth is driven by the increasing adoption of digital payments and a supportive regulatory framework, including its approval as the first fully licensed digital wallet in Saudi Arabia.

 

 

Tabby

 

Founded in 2019 by Saudi entrepreneur Hosam Arab, Tabby is a buy-now-pay-later (BNPL) service that allows consumers to make purchases and pay for them in instalments without interest. Tabby has quickly gained popularity thanks to its simple, transparent and flexible payment model.

Unlike traditional credit options, Tabby is highly accessible, targeting younger, tech-savvy consumers who prefer cashless, instalment-based transactions. Its success lies in its ability to seamlessly integrate with major e-commerce platforms and retail partners in the region, offering an alternative to traditional financing in a growing consumer economy

 

D360 

 

Launched in 2020, D360 is a Saudi-based digital insurance platform that aims to revolutionise the insurance sector with an innovative, tech-driven approach. Founded by a group of local entrepreneurs, D360 leverages artificial intelligence to offer on-demand insurance products, personalising policies to fit each customer’s needs.

By digitising the traditionally cumbersome process of buying insurance, D360 has made it more accessible and transparent for users. The platform’s success comes from its ability to simplify complex insurance products, enhance customer experience, and make insurance more efficient, particularly appealing to a younger, more digitally connected demographic.

 

Lean Technologies

 

Founded in 2019 by Khaled Helioui and Nibal Nasser, Lean Technologies is a Saudi fintech that focuses on simplifying the financial infrastructure of businesses. It offers API solutions that allow companies to integrate financial services, such as bank account access and payment processing, directly into their apps or platforms.

By enabling businesses to securely access user financial data through open banking, Lean Technologies supports faster, more seamless financial transactions. The company has positioned itself as a key enabler for innovation, allowing both established institutions and startups to leverage data and fintech solutions without complex, legacy systems.

 

Lendo

 

Founded in 2018 by entrepreneurs from Saudi Arabia and Egypt, Lendo is a peer-to-peer lending platform that aims to provide small and medium-sized businesses (SMBs) in Saudi Arabia with access to capital. Lendo acts as a bridge, connecting businesses in need of financing with investors looking for opportunities.

By utilising a digital platform to streamline the loan application process, Lendo has made lending more accessible and less bureaucratic, addressing the challenges of traditional banking for SMBs. Its success is largely attributed to its focus on simplifying credit for underserved businesses and helping drive the growth of the Kingdom’s private sector.

 

Geidea

 

Geidea, founded in 2008, is a Saudi-based payments solutions provider that offers a comprehensive range of financial services for businesses of all sizes. From point-of-sale (POS) terminals to e-commerce payment gateways, Geidea provides secure and efficient payment infrastructure.

The company distinguishes itself by offering tailored solutions, including Sharia-compliant services, catering to the unique needs of the Saudi market. Geidea’s rapid growth can be attributed to its ability to address the growing demand for digital payment systems across retail and e-commerce sectors, alongside strong relationships with local banks and businesses. Its innovative products have made it a leader in the region’s fintech space.

 

Mod5r

 

Launched in 2020, Mod5r is a Saudi-based fintech that offers data-driven solutions for financial institutions and businesses. Specialising in digital transformation, Mod5r focuses on helping companies automate financial processes and improve customer service through the use of AI and machine learning.

By streamlining workflows and enabling more efficient data management, Mod5r aims to modernise the finance and banking sectors in Saudi Arabia. Its unique approach to integrating technology into traditional financial services has allowed it to grow rapidly, and its solutions have found strong demand within Saudi Arabia’s evolving fintech ecosystem and beyond.

 

HyperPay

HyperPay is one of the leading payment service providers in Saudi Arabia, offering a wide range of payment solutions for businesses, including e-commerce platforms, mobile payments and point-of-sale systems. Founded in 2014, HyperPay is known for its high level of security and user-friendly interface, HyperPay serves clients across various industries, such as retail, hospitality and travel.

The company’s success can be attributed to its ability to scale quickly and provide robust, scalable solutions that address the needs of both small businesses and large enterprises. HyperPay’s unique value lies in its ability to integrate multiple payment channels and simplify the payment experience across borders.