15 Hrs
Source:
الاقتصادية
Saudi Aramco leads largest Saudi 'A' funding round
Birq, a digital payments company, has closed a Series A funding round valued at over 1.12 billion SAR (approximately $329.5 million), raising its valuation to $1.85 billion and joining the unicorn club. This round comes amid the company's rapid expansion in the Saudi market, where its digital wallet has surpassed 10 million users, with over 500 million transactions totaling 73 billion SAR during its first year. The accelerated growth of Birq reflects the increasing reliance on digital payment solutions and provides it with greater funding to expand its services. Meanwhile, the fintech sector in Saudi Arabia is experiencing exceptional growth, with the number of fintech companies rising to 371, and cumulative investments exceeding 30 billion SAR by mid-2026.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)