logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Geidea, Tarabut to develop innovative SME financing solutions

Geidea, Tarabut to develop innovative SME financing solutions

NOHA.GAD
Nov 20, 2024
Geidea signed an MoU with Tarabut to explore and develop innovative financing solutions to back SMEs in Saudi Arabia

Riyadh - Sharikat Mubasher: Saudi Arabia’s leading payment solutions provider Geidea forged a strategic partnership with Tarabut, the leading open banking platform in the region, to explore and develop tailored financing solutions for small and medium-sized enterprises (SMEs) in the Kingdom.

Both parties will join efforts to provide leading-edge solutions that could create new, more efficient, and accessible financing opportunities that empower SMEs, including those underserved by traditional financial services, across Saudi Arabia to thrive, a recent statement unveiled.

Through this collaboration, Geidea will leverage Tarabut’s world-class, secure, and orchestration technology stack and impressive network of bank partnerships to redefine digital lending and explore flexible financing solutions that dismantle traditional barriers such as lengthy approval processes or complex credit checks, while ensuring secure and efficient process.

With over 75% of Saudi Arabia’s point-of-sale (POS) market share, Geidea processes millions of transactions daily for a wide range of businesses, from local outlets to international brands.

Ziyad Alessa, CEO of Geidea KSA, said: “This strategic partnership with Tarabut aims to transform financing into a frictionless and always-available resource. Together, we plan to work towards enhancing both the user experience and business agility for SMEs, always in accordance with SAMA regulations and guidance.”

He noted that the partnership will allow both companies to develop a seamless real-time solution that aligns with Vision 2030’s digital transformation and financial inclusion goals.

On his part, Abdulla Almoayed, Founder and CEO of Tarabut, commented: “Together with Geidea we are looking to identify opportunities for economic growth that align with regulatory requirements, ensuring that even the smallest businesses can access the funding they need to grow and succeed.”

He affirmed the company’s commitment to exploring and developing solutions that tackle the challenges SMEs face in accessing financing.

Moreover, this partnership reflects both companies’ shared vision to push boundaries, embrace cutting-edge technology, and explore new avenues for SME financing within the framework provided by the Saudi Central Bank (SAMA).

Tags

Saudi Arabia
Financing solutions
SMEs
Open banking
Digital transformation
Financial inclusion
Share

Attract clients with your ad

Start Now

Trending

Rize lands SAR 187.5mn Murabaha Facility to finance rental portfolio
Riyadh – Sharikat Mubasher: Saudi PropTech Rize announced it has been granted a SAR 187.5 million asset-backed, Shariah-compliant Murabaha facility from Jadwa Investment to finance its rental contract portfolio.As per the company’s press release, the facility will enable Rize to fund rental contracts while preserving its equity for product development and expanding its partner network. The platform allows tenants to pay rent monthly while landlords receive the full rental amount upfront, with contracts documented through the Ejar platform.Rize said contract volumes increased more than 24-fold over the past two years, while revenue grew 6.4 times in 2025 and renewal rates exceeded 60%.Since its launch, the platform has processed rental requests worth more than SAR 5.75 billion. It currently has over 400,000 registered users and works with more than 2,900 real-estate partners across Saudi Arabia.Commenting on this, Ibrahim Bulaila, Co-Founder and CEO of Rize, said the facility supports the company’s approach of using Shariah-compliant financing to fund portfolio growth while directing equity toward expansion and product development.Meanwhile, Tariq Al-Sudairy, CEO of Jadwa Investment, said the deal reflects Jadwa’s strategy of providing structured private-credit solutions suited to Saudi scaleups.
Tali Ventures invests in Bahraini investment platform Tanami Capital
MUBASHER
Mawrid provides unified financial platform to support Saudi mid-sized businesses
MUBASHER.SA
Snipefinity showcases innovative trading technology solutions at Money20/20 Middle East
MUBASHER.SA
Malki: TAM Capital offers all investment options via single digital platform
MUBASHER.SA

Related News

Fintech News
Calendar Icon
Sep 17, 2026
Mawrid provides unified financial platform to support Saudi mid-sized businesses
Read More
Fintech News
Calendar Icon
Sep 17, 2026
Abumudayni: SiFi serves over 7K companies across Saudi Arabia
Read More
Fintech News
Calendar Icon
Sep 16, 2026
Moyasar intends to launch new AI-powered products
Read More
Fintech News
Calendar Icon
Sep 16, 2026
HyperPay launches HyperSpend for smarter corporate spending
Read More
Fintech News
Calendar Icon
Sep 16, 2026
HurryPay sets sights on expanding its services in Saudi fintech market
Read More
Fintech News
Calendar Icon
Sep 16, 2026
SareePay officially launches its operations at Money20/20 Middle East 2026
Read More
Fintech News
Calendar Icon
Sep 16, 2026
WUKAD launches AI-powered financing advisor at Money20/20 Middle East
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