logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  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).

Tags

Saudi Arabia
Financing solutions
SMEs
Open banking
Digital transformation
Financial inclusion
Share

Attract clients with your ad

Start Now

Trending

Egypt’s Zeal raises $10mn round to fuel global expansions
MUBASHER
AHOY, Lumina Partners sign strategic alliance for Physical AI expansion
MUBASHER
Standard Chartered backs 3 women-led startups with $45,000 awards
MUBASHER.SA
Anchanto pacts with NAQEL to expand logistics connectivity in Saudi Arabia
MUBASHER
Saudi legal AI startup Clauze.AI secures White & Case investment
MUBASHER.SA

Related News

Fintech News
Calendar Icon
Sep 9, 2026
Mastercard, noon Payments expand Jaywan card acceptance in UAE
Read More
Fintech News
Calendar Icon
Sep 8, 2026
Wego expands Juspay partnership to support Middle East growth
Read More
Fintech News
Calendar Icon
Aug 30, 2026
Jeel Pay receives SAMA licenses to engage in BNPL activity in Kingdom
Read More
Fintech News
Calendar Icon
Aug 23, 2026
SAB, noon launch co-branded Visa credit card
Read More
Fintech News
Calendar Icon
Aug 19, 2026
FAB’s Payit introduces SNPL service to facilitate money transfer globally
Read More
Fintech News
Calendar Icon
Aug 12, 2026
Spare brings ‘Pay by Bank’ to Tabadulat investment platform
Read More
Fintech News
Calendar Icon
Aug 10, 2026
Saudi investment platform OORI secures CMA license
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher