Riyadh - Sharikat Mubasher: Arabian Pay, a leading Saudi fintech company, signed an agreement to secure funding from Al Bassami Holding Group as part of its pre-seed round to expand buy now, pay later (BNPL) offerings and support small and medium-sized enterprises (SMEs).

The agreement was signed during a ceremony attended by Mohammed Alabdullatif, Founder and CEO of Arabian Pay, and Omar Al Bassami, CEO of Al Bassami Holding Group, a recent statement revealed.

This agreement strengthens the partnership between both entities, providing Arabian Pay with financial investment and a strategic pathway for collaboration. It fuels Arabian Pay’s innovations in fintech, expands its market presence, and contributes to economic growth in the Kingdom.

With this partnership, Arabian Pay will accelerate the development of its platform, expand its partnerships, and strengthen its financial ecosystem, offering SMEs smarter and more flexible payment solutions.

This collaboration aligns with Arabian Pay’s broader vision of enhancing financial inclusion and helping businesses overcome cash flow challenges as it will enable businesses to split payments into three installments when purchasing from suppliers and merchants without incurring any interest.

Moreover, this partnership reflects the shared commitment of both companies to driving digital transformation and opening new economic opportunities for businesses in the Kingdom, aligning with Vision 2030’s objectives.