Riyadh - Sharikat Mubasher: The Saudi financial company Moyasar successfully secured SAR 78.75 million in a seed round led by Jahez, with participation from Derayah Ventures, on the sidelines of LEAP 2024.

Moyasar will allocate the proceeds to innovate brand-new solutions that cater to the needs of government entities and private companies and foster their digital financial transactions, in conjunction with the Kingdom’s efforts to scale the financial sector.

Abdulaziz Alshetwi, Co-founder and CEO of Moyasar, revealed that the company is currently working on launching a bunch of innovative fintech solutions as part of its strategy to become a game changer for the region’s fintech infrastructure.

For his part, Abdulaziz Alhouti, Chief Investment Officer at Jahez, said that the investment round will accelerate Moyasar's growth by launching new groundbreaking products that meet the sector’s needs.

He added that Jahez and Moyasar work together to upgrade payment services and fintech solutions.

Moyasar, licensed by the Saudi Central Bank (SAMA), provides online payment solutions that support a wide spectrum of businesses and enable seamless payment transactions.