Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Parallel secures $2.4 million to provide native AI finance teams for startups.

October 10, 2025

Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates

October 10, 2025

European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

October 10, 2025

Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News

October 10, 2025
Facebook X (Twitter) Instagram
Trending
  • Parallel secures $2.4 million to provide native AI finance teams for startups.
  • Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates
  • European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.
  • Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News
  • Global regulator raises concerns about major tech control while AI in finance continues to be significant
  • Niro officially ceases operations after securing $20 million, with the founder stating that they achieved the unachievable.
  • Athenahealth Introduces Complimentary AI Enhancements for Revenue Cycle Management
  • Financial Advice New Zealand introduces AI training program for advisors to enhance professional development.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

    October 10, 2025

    PM Modi invites international investors to be part of India’s growth narrative at the Global Fintech Fest.

    October 9, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    How Finjobsly is Helping Candidates Connect With Fintech Firms

    September 29, 2025

    AI-powered fintech job platform Finjobsly.com Launches

    September 16, 2025
  • AI

    Parallel secures $2.4 million to provide native AI finance teams for startups.

    October 10, 2025

    Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates

    October 10, 2025

    Global regulator raises concerns about major tech control while AI in finance continues to be significant

    October 10, 2025

    Athenahealth Introduces Complimentary AI Enhancements for Revenue Cycle Management

    October 10, 2025

    Financial Advice New Zealand introduces AI training program for advisors to enhance professional development.

    October 10, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025

    Expansion and Investment Prospects in the GCC Fintech Sector

    September 25, 2025
  • Insights

    Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

    October 7, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    Exploring the Boundaries of Technology: Advantages of the Fintech Sector

    September 30, 2025

    Examining the recent evaluation of Up Fintech following new analyst coverage that emphasizes its growth prospects.

    September 24, 2025

    Riyadh Establishes a New Benchmark with Record 20/20 Middle East Funds, Enhancing Saudi Arabia’s Influence

    September 21, 2025
  • Rumors

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025

    Bitcoin and Ethereum dominate the market surge

    September 23, 2025

    Dogecoin price aims for $0.30 as the launch of Doje ETF boosts market optimism.

    September 18, 2025
  • Startups

    Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News

    October 10, 2025

    Niro officially ceases operations after securing $20 million, with the founder stating that they achieved the unachievable.

    October 10, 2025

    Key Startup Updates Today – Major Investments in AI, Fintech, and Funding

    October 9, 2025

    Europe’s top venture capital fund claims FinTech startups will influence the future economy.

    October 9, 2025

    Insights for Fintech Startups Exploring the Crypto Landscape from BitMine’s Experience

    October 9, 2025
  • finjobsly
fintechbits
Home » Saudi fintech startups have raised $1.84 billion in venture capital investments since 2018: Monsha’at
Startup News

Saudi fintech startups have raised $1.84 billion in venture capital investments since 2018: Monsha’at

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
4519660 798521885.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Open banking platform Tarabut to ‘revolutionise’ payments in MENA after acquiring UK fintech Vyne, CEO says

RIYADH: Open banking platform Tarabut will integrate advanced technology from recently acquired payments company Vyne, bringing greater efficiency to the region, according to the company’s CEO.

In an interview with Arab News, Abdulla Al-Moayed highlighted the transformative impact that Vyne’s account-to-account payment technology will have on the Middle East’s financial landscape, particularly in Saudi Arabia.

“Vyne’s account-to-account payments technology brings a level of depth and efficiency to the region unmatched by anything currently available,” he said.

“By enabling faster transactions and offering a complete technology stack, we are not only accelerating payments: we are adding significant value with features such as seamless reconciliation. This will make payments not only faster but also more cost-effective, setting a new standard in the financial services industry in the Middle East, particularly in Saudi Arabia,” he added.

Asked about the challenges of integrating Vyne’s technology with Tarabut’s existing platform, Al-Moayed said he was confident of a smooth transition, thanks to the company’s established relationships with leading regional financial institutions.

“Given our strong integration within the ecosystem through Tarabut’s established relationships with leading banks, we anticipate a smooth and rapid deployment,” he said.

“The integration is well underway, and our first customer in Bahrain is expected to be operational within a few weeks. While regulatory environments vary across MENA (Middle East and North Africa) regions, our deep knowledge of these markets and existing partnerships will help us manage these differences effectively,” he added.

Regarding how the acquisition of Vyne will help differentiate Tarabut from other fintech players in the region, Al-Moayed highlighted the enhanced capabilities and new opportunities that the technology will bring.

“With Vyne’s technology, we are poised to revolutionize access to financial services, making them faster, more efficient and more affordable for our users,” he said.

“This acquisition allows us to close the loop on transaction processes for the various use cases we support, positioning Tarabut as the go-to platform for comprehensive financial solutions. It opens up new opportunities for us to innovate and deliver even more value to our customers across the region,” he added.

The deal, which received approval from the Saudi Central Bank and the UK Financial Conduct Authority, was finalised on 1 August, strengthening Tarabut’s market position as new regulations on payment initiation services in Saudi Arabia and open finance frameworks in the UAE come into force.

“We are delighted to welcome Vyne to the Tarabut family. This acquisition is a critical step in our long-term growth strategy, enabling us to bring proven and mature payment products to the region and provide solutions to the everyday problems that merchants and consumers face when accepting or making payments,” said Al-Moayed.

Founded in 2019, Vyne has quickly established itself as a major player in the UK, claiming to have processed more than £1 billion ($1.3 billion) in transactions.

Its technology allows customers to make instant and direct payments into their bank account, bypassing traditional, slower and more expensive methods.

This feature will soon be available across the Middle East, providing businesses in sectors such as retail, automotive and SMEs with simplified, card-free payment solutions.

“With Vyne’s technology, we are well positioned to capitalize on new opportunities for innovation, market penetration and sustainable growth. This is an important milestone in Tarabut’s mission to seamlessly connect the Middle East’s financial ecosystems,” added Al-Moayed.

The acquisition also strengthens Tarabut’s technology stack, combining its data and compliance products with Vyne’s payments expertise.

This integration is expected to improve operational efficiency, providing features such as real-time reporting and reconciliation.

As the region prepares for new financial regulations, Tarabut aims to adopt a compliance-driven approach, ensuring transparent and secure transactions across its expanding network.

“The Middle East is experiencing exponential growth and transformation in the financial services sector, and as regulations catch up, our technology can ensure compliance and convenience simultaneously,” said Karl MacGregor, CEO and co-founder of Vyne, in a press release.

“Merchants and consumers want personalized payment experiences that are fast, secure and convenient. Open banking solutions can meet this demand. We believe the future of payments is digital and should be seamless, contactless and fair. Being part of the Tarabut family allows us to bring our innovative payment solutions to one of the fastest growing markets in the world,” he added.

Founded in 2017, Tarabut raised $32 million in its latest funding round.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News

October 10, 2025

Niro officially ceases operations after securing $20 million, with the founder stating that they achieved the unachievable.

October 10, 2025

Key Startup Updates Today – Major Investments in AI, Fintech, and Funding

October 9, 2025
Leave A Reply Cancel Reply

Latest news

Parallel secures $2.4 million to provide native AI finance teams for startups.

October 10, 2025

Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates

October 10, 2025

European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

October 10, 2025
News
  • AI in Finance (1,713)
  • Breaking News (173)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (174)
  • Startup News (1,115)
  • Technology Innovations (179)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,713)
  • Breaking News (173)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (174)
  • Startup News (1,115)
  • Technology Innovations (179)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.