Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) announced it has granted a license to Mowafaqa Platform to provide finance aggregation services in Saudi Arabia, further strengthening the Kingdom’s growing fintech ecosystem.

SAMA said in a press release that the move aligns with its efforts to support the financial sector, improve the efficiency of financial transactions, and encourage innovative financial solutions that enhance financial inclusion across the Kingdom.

Founded as a digital financing marketplace, Mowafaqa Platform enables customers to discover, compare, and access financing offers from banks and licensed finance companies through a single platform.

The company offers digital tools designed to simplify financing procedures, accelerate approvals, and help users make more informed financing decisions. The platform also provides solutions for automotive businesses and financing providers through performance tracking and reporting capabilities.