Riyadh - Exclusive Sharikat Mubasher: Abwab.ai, a Riyadh-based underwriting automation platform, helped process over SAR 1 billion in SME loans in 2025, in partnership with more than 11 Saudi financial institutions, Founder and CEO Baraa Koshak told Sharikat Mubasher.

Speaking on the sidelines of the Money 20/20 Middle East conference, Koshak revealed that the company aspires to process over SAR 100 billion in loans by 2026, representing 10% of the market share.

He noted that Abwab.ai plans to forge partnerships with various governmental funds, banks, and fintech firms, such as Lendo and Raqamyah, in the near future to strengthen its presence.  

Koshak affirmed that Money 20/20 Middle East helped Abwab.ai connect with other key players in the financial and credit analysis field.

Abwab.ai leverages AI to revolutionize SME lending in Saudi Arabia and transform unstructured data into actionable insights, enabling lenders to make smarter, faster decisions. It offers cutting-edge financial and credit analysis solutions to bridge the $170 billion SME financing gap, in collaboration with various financial institutions, fintech, banks, and governmental funds.

The Money 20/20 Middle East took place in Riyadh from 15 to 17 September, bringing together more than 450 global and regional fintech brands and over 1,050 investors from around the globe.

Co-organized by Fintech Saudi and Tahaluf, the conference addressed key topics shaping the future of the financial sector, including artificial intelligence (AI) in financial services, open banking and open finance, instant payments, and data governance and regulations.

With the theme “Where Money Does Business,” Money20/20 Middle East featured dedicated partnership pavilions, executive networking lounges, and curated meeting programs to maximize ROI for sponsors and exhibitors.