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  2. Geidea, Tarabut to develop innovative SME financing solutions

Geidea, Tarabut to develop innovative SME financing solutions

NOHA.GAD
Nov 20, 2024
Geidea signed an MoU with Tarabut to explore and develop innovative financing solutions to back SMEs in Saudi Arabia

Riyadh - Sharikat Mubasher: Saudi Arabia’s leading payment solutions provider Geidea forged a strategic partnership with Tarabut, the leading open banking platform in the region, to explore and develop tailored financing solutions for small and medium-sized enterprises (SMEs) in the Kingdom.

Both parties will join efforts to provide leading-edge solutions that could create new, more efficient, and accessible financing opportunities that empower SMEs, including those underserved by traditional financial services, across Saudi Arabia to thrive, a recent statement unveiled.

Through this collaboration, Geidea will leverage Tarabut’s world-class, secure, and orchestration technology stack and impressive network of bank partnerships to redefine digital lending and explore flexible financing solutions that dismantle traditional barriers such as lengthy approval processes or complex credit checks, while ensuring secure and efficient process.

With over 75% of Saudi Arabia’s point-of-sale (POS) market share, Geidea processes millions of transactions daily for a wide range of businesses, from local outlets to international brands.

Ziyad Alessa, CEO of Geidea KSA, said: “This strategic partnership with Tarabut aims to transform financing into a frictionless and always-available resource. Together, we plan to work towards enhancing both the user experience and business agility for SMEs, always in accordance with SAMA regulations and guidance.”

He noted that the partnership will allow both companies to develop a seamless real-time solution that aligns with Vision 2030’s digital transformation and financial inclusion goals.

On his part, Abdulla Almoayed, Founder and CEO of Tarabut, commented: “Together with Geidea we are looking to identify opportunities for economic growth that align with regulatory requirements, ensuring that even the smallest businesses can access the funding they need to grow and succeed.”

He affirmed the company’s commitment to exploring and developing solutions that tackle the challenges SMEs face in accessing financing.

Moreover, this partnership reflects both companies’ shared vision to push boundaries, embrace cutting-edge technology, and explore new avenues for SME financing within the framework provided by the Saudi Central Bank (SAMA).

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Saudi Arabia
Financing solutions
SMEs
Open banking
Digital transformation
Financial inclusion
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Riyadh - Sharikat Mubasher: Total venture capital (VC) funding in the Middle East surged to $3.4 billion in 2025, marking an 89% year-on-year (YoY) increase, according to the ‘2025 State of Venture Capital Emerging Venture Markets FY 2025’ report released by MAGNiTT.The region also posted the highest deal activity among emerging venture markets, with 581 deals, showing a 13% YoY rise.Saudi Arabia recorded the strongest growth among the region’s most active countries, with funding soaring 145% YoY to $1.72 billion, strengthening its role as a scale engine. The UAE secured the second-largest share of VC funding at $1.57 billion across 231 deals.Further, the Kingdom became MENA's most active market for the first time with 257 deals, marking a 45% YoY increase, driven by strong investment sentiment and government initiatives, notably Vision 2030.By sector, fintech remained the most-funded industry in the Middle East, attracting $1.04 billion across 152 deals, followed by the e-commerce industry, which raised $494 million in VC funding.Philip Bahoshy, CEO and Founder of MAGNiTT, commented: “Venture and broader private capital became more selective, and due diligence conversations have moved away from momentum towards fundamentals, scale, and clear paths to liquidity. In that environment, the Gulf Cooperation Council (GCC) region proved resilient and increasingly positioned itself as a destination for long-term capital. Throughout 2025, the region saw international investors from North America, Europe, and Asia continue to deepen their presence in the region across Private Capital. They were drawn by policy consistency, economic ambition, and sustained investment in infrastructure.”He further noted that VC funding in the MENA region totaled $3.8 billion across 688 deals, a 74% increase along with a 6% rise in deal flow.
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