Funded Financial Services Startups in Saudi Arabia
Disclosed funding amounts in this Saudi financial-services set cluster heavily below $110M, with one clear exception: Hala’s Series B on 2025-09-19 for $15…
Disclosed funding amounts in this Saudi financial-services set cluster heavily below $110M, with one clear exception: Hala’s Series B on 2025-09-19 for $157M, which dwarfs the next-largest disclosed round (Areeb Capital, 2025-05-11, $1.5B is disclosed but note it is actually larger than $157M; therefore the largest disclosed amount is Areeb Capital’s $1.5B on 2025-05-11). Excluding “undisclosed,” the smallest disclosed round is Snbla’s $100K on 2025-07-01, sitting far below the rest’s disclosed floor.
Geographically, entries are concentrated in Riyadh and Jeddah: Riyadh-based companies dominate across rounds including Hala (2025-09-19, $157M) and multiple pre-seed/seed checks between 2024-09 and 2025-07, while Jeddah appears repeatedly through Sidra Capital (2025-07-08, undisclosed) and Areeb Capital (2025-05-11, $1.5B). On timing, the 26 rows span 2021-03-14 (Lendo, $7M) through 2025-09-19 (Hala), with a particularly dense window in 2025-05 to 2025-07 where several Riyadh/Jeddah rounds land within weeks. Stage coverage skews earlier: pre-seed and seed entries are frequent, and “Series Unknown” classifications appear multiple times (e.g., Sidra Capital on 2025-07-08 and Areeb Capital on 2025-05-11), alongside “undisclosed” amounts (Sidra Capital, Tarmeez Capital 2025-07-07, and others).
Most recent rounds
26 shownRelated listings
Frequently asked
What is the largest disclosed round in this Saudi financial-services list, and how does it compare to the rest of the disclosed amounts?
Areeb Capital’s $1.5B round on 2025-05-11 is the largest disclosed amount shown, and it sits well above the next-largest disclosed amounts such as Hala’s $157M (2025-09-19). At the low end, Snbla’s $100K on 2025-07-01 is the smallest disclosed amount in these 26 rows (excluding entries marked “undisclosed”).
Are there any city-level clusters, or does funding spread evenly across Riyadh and Jeddah?
Riyadh-based entries dominate this list, including multiple rounds across 2025 (Hala in Riyadh on 2025-09-19 and NQOODLET in Riyadh on 2025-05-04). Jeddah-based rounds also recur, notably Areeb Capital (Jeddah on 2025-05-11, $1.5B) and UmrahCash (Jeddah on 2024-09-16, $500K), but the overall density is higher in Riyadh.
Which companies closed within the most recent ~90-day window in the dataset?
Within roughly the last 90 days of the latest date shown (2025-09-19), the list includes Hala (2025-09-19, $157M), Sidra Capital (2025-07-08, undisclosed), Tarmeez Capital (2025-07-07, undisclosed), Snbla (2025-07-01, $100K), and Areeb Capital (2025-05-11, $1.5B). Several of these are in Riyadh or Jeddah, keeping the late-2025 activity concentrated in those cities.
What stage mix shows up most often, and are “Series Unknown” or “undisclosed” rounds a meaningful share?
Earlier stages appear frequently, including multiple pre-seed and seed entries (for example Snbla pre-seed on 2025-07-01 for $100K and Tuba pre-seed on 2025-05-01 for $8M). “Series Unknown” appears repeatedly (e.g., Sidra Capital on 2025-07-08 and Areeb Capital on 2025-05-11), and “undisclosed” amounts also recur (Sidra Capital 2025-07-08, Tarmeez Capital 2025-07-07, and others such as LYNK on 2023-11-12).
Are any entries outliers in either geography or disclosed amount level?
The amount side has a strong outlier at the top: Areeb Capital’s $1.5B (2025-05-11) and Hala’s $157M (2025-09-19) are far above many other disclosed rounds like Snbla’s $100K (2025-07-01) or UmrahCash’s $500K (2024-09-16). On location, there is no distinct non-Riyadh/non-Jeddah geography pattern in the shown rows—most entries are anchored in Riyadh or Jeddah.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.