CAIRO: The Saudi Central Bank has granted permits for two fintech startups, Saudi-based Lean Technologies and Mod5r, to provide open banking solutions. Bringing the total number of permitted companies operating under its regulatory SandBox to 38, SAMA as the central bank is also known is currently working on developing and implementing a high standard network to carry out
Open Banking platform Tarabut Gateway raises USD 13 mln Tuesday 23 February 2021 14:19 CET | News
Bahrain-headquartered Open Banking platform Tarabut Gateway has raised USD 13 million in a seed round led by Germany-headquartered European VC Target Global.
The round was also joined by UK`s Kingsway and Entrée Capital as well as regional investors like CE Ventures, Zamil Investment Group, Global Ventures, Almoayed Technologies, and Mad’a Investment.
Tarabut Gateway is building services for the Middle East & North Africa, enabling fintechs and other financial services providers to access financial data of the customers from partner banks through its Open Banking APIs, which allows them to build new apps and services. It claims to be the first regulated (and largest) Open Banking platform in the region.