Fintech infrastructure company Tarabut announced that it had raised $50 million in strategic funding, equivalent to SAR 187 million, to expand its presence in the Saudi market and develop embedded finance and small and medium-sized enterprise financing solutions. The deal remains subject to applicable regulatory approvals, including approval from the Saudi Central Bank (SAMA).
Participants in the funding included Riyad Bank, the X-Tech Fund managed by SAB Invest, as well as GIB Saudi Arabia, Zamil Group, and Kanoo Ventures, the investment arm of Y.K. Almoayyed & Sons, along with other regional institutions. This is Tarabut’s largest announced funding round since it raised $32 million in a Series A round in 2023 led by Pinnacle Capital, with participation from Visa, Tiger Global, and Aljazira Capital.
From Open Banking to Embedded Finance
Tarabut was founded in 2017 by Abdullah Almoayed and operates regulated financial infrastructure in Saudi Arabia, the United Arab Emirates, and Bahrain. The company initially focused on open banking before expanding its scope to include payments, credit decisioning technologies, and embedded finance. It also opened its regional headquarters in Riyadh in 2025, alongside an increased focus on the Saudi market.
The company’s platform enables financial institutions to integrate customer verification, data analysis, credit decisioning, and financing provision into a single digital journey under the partner institution’s brand. Tarabut does not provide financing from its own balance sheet; instead, it provides the infrastructure that financial institutions use to access authorized financial data and real-time cash-flow data.
Why Does This Funding Matter?
The new expansion is increasingly focused on financing small and medium-sized enterprises, whose credit assessments have traditionally relied on documents and historical financial data. According to the article, real-time data related to financial behavior and cash flows can give financial institutions a more up-to-date view of a company’s position when evaluating financing applications, alongside traditional methods, and may help reduce the time required to make a decision.
Financial institutions in Saudi Arabia already use Tarabut’s technologies. American Express Saudi Arabia used its open banking services to assess credit-limit increase requests, including applications from self-employed customers. Saudi National Bank also announced a point-of-sale financing product for small and medium-sized enterprises powered by Tarabut’s technologies and distributed through payments company Geidea, while the company partnered with SAB in embedded finance.
Technology Expansion and Previous Acquisitions
Tarabut says its infrastructure has processed more than five billion requests through application programming interfaces (APIs) in Saudi Arabia, the United Arab Emirates, and Bahrain. The funding follows the company’s raising of $25 million through Seed and Pre-Series A rounds in 2021. The company also strengthened its capabilities by acquiring British payments company Vyne in 2024, followed by Bahraini artificial intelligence engineering company Servable earlier in 2026.
In practical terms, the funding gives Tarabut more room to deepen its presence in Saudi Arabia and develop tools that connect credit data with the provision of financing within external digital platforms. However, completion of the deal and the expansion of operations remain dependent on regulatory approvals, and the source does not specify a final timeline for obtaining them or provide additional details about the funding terms.