logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Barq reaches 1 mn users in three weeks

Barq reaches 1 mn users in three weeks

NOHA.GAD
Aug 20, 2024
Saudi digital payment application Barq reached one million customers in 21 days

Riyadh - Sharikat Mubasher: The Saudi fintech company Barq celebrated a significant milestone of reaching one million customers since launching its application three weeks ago, leading other digital payment applications in Saudi Arabia.

As a leading digital wallet for consumers and businesses in the Kingdom, the Barq application issued more than 600,000 cards and served customers of over 85 nationalities since its launch on 29 July, according to the company’s announcement.

In January, Barq obtained a license from the Saudi Central Bank (SAMA) to provide financial products and services in the Kingdom. It aims to revolutionize the Saudi fintech sector within the coming years through its unique services and secure payment methods that fulfill users' exact needs.

Tags

Saudi Arabia
Fintech
Digital payment
SAMA
Share

Attract clients with your ad

Start Now

Trending

Khazna secures consumer finance license through Pharos acquisition
MUBASHER
OIA leads international alliance to launch $500m investment fund
MUBASHER
Ghanem secures additional $1.5mn to expand fractional real estate ownership
Riyadh – Sharikat Mubasher: Ghanem, a Saudi digital real estate platform specializing in fractional ownership, announced it has raised an additional $1.5 million in a pre-seed extension, bringing its total funding to $8.6 million.As per a recent press release by the company, this extension attracted real estate companies and strategic angel investors, adding their collateral expertise to support the development of the fractional ownership platform in the Kingdom.The latest funding follows an initial $7.1 million round secured from Al-Romaih Group, a Saudi investment group with experience in real estate and financial services. Ghanem operates under the regulatory oversight of the Real Estate General Authority’s (REGA) Regulatory Sandbox.The company said it has completed several property transactions and maintained monthly rental income distributions to investors. Its first income-generating property offering resulted in digital fractional ownership deeds being issued to 580 investors.Ghanem plans to continue developing its product, diversifying its property investment opportunities and building partnerships to expand fractional real estate ownership in Saudi Arabia.
MINT by EGBANK startups attract $4mn in investments in 2025
MUBASHER
INVE secures $300K in pre-seed funding from Outliers Venture Capital
MUBASHER.SA

Related News

Fintech News
Calendar Icon
Oct 25, 2026
Khazna secures consumer finance license through Pharos acquisition
Read More
Fintech News
Calendar Icon
Oct 21, 2026
Holouly launches ETEPS platform to manage POS operations
Read More
Fintech News
Calendar Icon
Oct 15, 2026
Sakhi, Lean Technologies to expand access to credit in Saudi Arabia
Read More
Fintech News
Calendar Icon
Oct 14, 2026
NBB partners with TerraPay to power cross-border payments
Read More
Fintech News
Calendar Icon
Oct 14, 2026
du Pay, talabat partner to streamline payments for UAE fleet riders
Read More
Fintech News
Calendar Icon
Oct 12, 2026
Huru partners with Paymentology to launch Jaywan Card in UAE
Read More
Fintech News
Calendar Icon
Oct 11, 2026
LuLu Money Business signs MoU with Mastercard to support UAE SMEs
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher