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Bahrain-founded fintech infrastructure company Tarabut has secured $50 million in strategic funding with the participation of Riyad Bank and regional investors, in a deal still awaiting regulatory approvals, including approval from the Saudi Central Bank. The company will use the capital to expand its operations in Saudi Arabia and develop financing tools for small and medium-sized enterprises.
BRKZ secured $13 million in a Series B round and $18 million in debt growth financing to develop pricing, fulfillment, and embedded finance tools and expand cross-border sourcing. The company says its platform serves more than 1,500 construction companies and relies on data from millions of products and requests for quotations.