Riyadh - Sharikat Mubasher: Foodics, the leading financial management platform for restaurants in the MENA region, forged a strategic partnership with the region’s leading financial infrastructure provider, Lean Technologies, to empower Saudi food and beverages (F&B) and retail sectors with smarter and data-driven financial solutions.
The agreement, signed during the Money 20/20 Middle East conference, aims to enable restaurant and retail operators to gain full visibility and control over their cashflow by consolidating all bank accounts into a unified view directly within their Foodics console, Foodics announced in a press release yesterday.
Operators can monitor balances, transactions, and projections across outlets and accounts from a single screen, instead of navigating multiple banking platforms. By simplifying daily financial management, this centralized control will equip business owners with actionable insights to make smarter decisions, strengthen liquidity, and drive sustainable growth.
This collaboration will also unlock new financing capabilities by instantly generating a creditworthiness score based on merchants’ financial performance, thereby offering them tailored financing while removing the delays and inefficiencies of legacy credit models.
Commenting on this milestone, Ahmad AlZaini, CEO and Co-founder of Foodics, said: “By embedding open banking into our platform, we’re giving merchants real-time clarity over their financials, unlocking the control and confidence they need to make smarter decisions, fuel their growth, and build more resilient businesses.”
For his part, Hisham Al-Falih, CEO and Co-founder of Lean Technologies, stated that the partnership will give Foodics the infrastructure to evolve from a point-of-sale (PoS) platform into a full financial enabler for the F&B and retail sectors. “By embedding Open Banking into their system, Foodics can deliver real-time financial visibility and seamless access to capital, driving merchant growth and shaping the next chapter of fintech innovation in the Kingdom,” he added.
The launch of these advanced solutions reflects Foodics’ commitment to delivering tangible value for thousands of F&B entrepreneurs and contributing to the future of Saudi Arabia’s digital economy, in alignment with Vision 2030.