Saudi’s Lite secures $3.2 funds during LEAP 2025

GHADA.ISMAIL
Feb 13, 2025

Riyadh – Sharikat Mubasher: Lite, a Saudi fintech startup, announced closing $3.2 million in a pre-seed funding round led by Scene Holding during the LEAP 2025 conference in Saudi Arabia.

According to the company’s announcement on Linkedin, this funding round aims to support Lite in expanding its operations and developing innovative financial solutions to enhance the efficiency of digital experiences in the financial sector.

The company reaffirmed its commitment to providing advanced technologies that promote financial inclusion and simplify payment processes in the Saudi market and beyond.

Lite expressed its gratitude for the continued support of the Saudi Central Bank (SAMA) and Fintech Saudi in fostering innovation within the fintech sector. The company noted that this investment will enable it to expand its digital solutions, strengthen its technical infrastructure, and enhance its services to meet user needs with greater flexibility and efficiency.

This achievement reflects investor confidence in Lite and its growing role in driving digital financial transformation, solidifying Saudi Arabia’s position as a leading fintech hub regionally and globally.

Lite is a Saudi-based fintech startup founded by a team of payment industry experts. lite aims to provide comprehensive payment solutions tailored to meet the needs of businesses across the Kingdom, enabling them to operate more efficiently and improve financial management.


Share

Related News

SAMA licenses Tamawal as newest finance aggregator in Saudi Arabia
News
Calendar Icon
April 29, 2025
SAMA licenses Tamawal as newest finance aggregator in Saudi Arabia
readmore
stc launches digital bank to enter corporate lending space
News
Calendar Icon
April 23, 2025
stc launches digital bank to enter corporate lending space
readmore
Metric secures seven-figure seed funding round
News
Calendar Icon
April 20, 2025
Metric secures seven-figure seed funding round
readmore
EBRD invests $21mn in Egypt’s MSS Holding
News
Calendar Icon
April 17, 2025
EBRD invests $21mn in Egypt’s MSS Holding
readmore
E-payments represent 79% of total retail payments in 2024
News
Calendar Icon
April 16, 2025
E-payments represent 79% of total retail payments in 2024
readmore
Vodafone Egypt launches money transfer service in some GCC countries
News
Calendar Icon
April 9, 2025
Vodafone Egypt launches money transfer service in some GCC countries
readmore
banknbox expands to Qatar with Cwallet partnership
News
Calendar Icon
March 27, 2025
banknbox expands to Qatar with Cwallet partnership
readmore
Checkout.com, Tabby Partner to boost flexible payment options for merchants
News
Calendar Icon
March 19, 2025
Checkout.com, Tabby Partner to boost flexible payment options for merchants
readmore
Mozn teams up with D360 Bank to boost digital banking security
News
Calendar Icon
March 16, 2025
Mozn teams up with D360 Bank to boost digital banking security
readmore
12 Egyptian fintech companies rank among Forbes Middle East’s Fintech 50 list
News
Calendar Icon
March 16, 2025
12 Egyptian fintech companies rank among Forbes Middle East’s Fintech 50 list
readmore