The fintech industry in Saudi Arabia is growing rapidly, increasing from fewer than 100 companies in 2021 to 281 in the first half of 2025, with a total investment of 7.9 billion SAR (approximately $2.1 billion). The sector currently directly creates 11,046 jobs, a 64% increase year over year. Key companies driving this growth include: Tabby, a leading “buy now, pay later” (BNPL) company valued at $4.5 billion, preparing for an IPO; Hala, a banking platform serving over 150,000 small and medium-sized enterprises; Erad, an Islamic-compliant financing provider; Tarmeez Capital, a platform focused on Sukuk (Islamic bonds); SiFi, a corporate expense management solutions provider; and Stitch, a financial infrastructure provider. These companies secured significant funding during 2025-2026 to expand services and increase regional influence.
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