Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) permitted two new fintech startups, Sulfah for Finance and Wadaie for Fintech, to test their innovative solutions in SAMA’s regulatory sandbox, the bank announced in a statement.

Sulfah for Finance will launch a peer-to-peer (P2P) lending platform while Wadaie for Fintech is authorized to launch a time deposit aggregation platform.

This move underscores SAMA’s efforts to bolster the Saudi fintech sector and reflects its commitment to promoting financial inclusion and innovation.