Riyadh - Sharikat Mubasher: NayaOne, a pioneering accelerator of enterprise tech adoption, announced its entry into Saudi Arabia by launching the first fully Saudi-hosted fintech platform in collaboration with AstroLabs, the leading business expansion platform in the GCC.
The deployment enables banks, insurers, and fintech firms to design, test, and launch products in weeks, directly contributing to Vision 2030’s goal of creating a digitally advanced, inclusive financial ecosystem, AstroLabs unveiled in a press release today.
This launch, supported by the UK’s Department for Business and Trade (DBT), provides Saudi institutions access to the local tech ecosystem and the wider NayaOne ecosystem globally, rich synthetic data assets, and modular test environments that reduce proof-of-concept cycles from months to days.
NayaOne's entry into the Saudi market reflects its leadership role in shaping the future of localized fintech innovation within this high-growth market. Several Saudi banks and fintech firms are already live on NayaOne’s sandbox environment, testing solutions in areas like embedded finance, cybersecurity, SME lending journeys, cross-border remittance, and AI adoption.
Commenting on this milestone, Karan Jain, Founder and CEO of NayaOne, said: “Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks. We are grateful to have flagship clients, partners like AstroLabs, support from the KSA ecosystem, and encouragement from the UK Government to grow our impact globally.”
For his part, Alex Nicholls, Director of Expansion at AstroLabs, said: “NayaOne’s expansion will accelerate the development of a new subset of products that meet the demands of a fast-moving market and support financial inclusion. With its newly launched hub in Riyadh, NayaOne is uniquely positioned to deliver a greater impact by fostering closer partnerships with leading FIs and fintech innovators in Saudi Arabia.”
As one of the first fully Saudi-hosted Vendor Delivery Infrastructure (VDI) platforms, NayaOne is positioned to equip the next wave of fintech firms with the tools to build, test, and launch faster.