Riyadh - Sharikat Mubasher: The Riyadh-based investment company Merak Capital invested $1.2 million in the Saudi fintech company, Bynow, to advance B2B payment solutions in Saudi Arabia.

Bynow will use the investment to accelerate product development, expand its B2B payment offerings, and strengthen its presence in Saudi Arabia and the MENA region, a recent statement revealed.

This investment reflects Merak Capital’s dedication to supporting fintech platforms that become essential to business operations rather than supporting tools.

Abdulelah Alsharif, Vice President of Venture Capital at Merak Capital, said: “We believe Bynow has the potential to become an integral part of how businesses operate in an increasingly digital economy, and we are proud to support them on this journey.”

For his part, Rami Suliman, CEO of Bynow, stated that Merak Capital’s investment is a testament to the company’s mission to modernize B2B payments in Saudi Arabia and the MENA region.

“With Merak as our partner, we’ll accelerate our roadmap from deferred payments to a full financial operating system for businesses: embedded credit, AR/AP automation, and seamless integrations that turn finance workflows into predictable liquidity and real-time visibility. Together, we’re scaling Bynow into a platform that modernizes B2B payments across the region, and as demand grows, we’re preparing to take Bynow global,” Suliman added.

Bynow aims to redefine how businesses manage payments by offering buy now, pay later (BNPL) solutions that empower companies to defer and split their payments, unlocking flexibility and smoother cash flow.