Best Payments Companies in Saudi Arabia
The 39 best Payments companies in Saudi Arabia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Geidea.
- ResearchAndMarkets.com
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in Saudi Arabia
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Geidea Provider of integrated payment and business management solutions for merchants | $266M | 100 mo ago | Late Stage | Abdullah Faisal Al Othman Founder & Chairman of the Board | 2008 | TurbopackEmotionNode.js+20 | 1 partnership · 1 award |
| 2 | HyperPay Provider of payment solutions and financial services for businesses | $37M | 51 mo ago | Series B | Muhannad Ebwini Founder & CEO | 2014 | WordPressMySQLPHP+25 | 2 partnerships · 1 award |
| 3 | Lean Provider of open banking platform for financial data and payments | $36M | 17 mo ago | Series B | Aditya Sarkar Co-Founder | 2019 | WebflowAmazon Web ServicesSplide+16 | 2 partnerships |
| 4 | Moyasar Saudi Arabia-based, API-linked payment gateway | $21M | 30 mo ago | Seed | Abdulaziz Alshetwi Co-Founder & CEO | 2015 | Framer SitesApple iCloud MailMicrosoft 365+11 | — |
| 5 | Nearpay Software-enabled POS payment terminal for merchants and businesses | $20M | 32 mo ago | Series A | Hamzah Ghamdi Co-Founder & CTO | 2020 | Apple iCloud MailGoogle WorkspaceReact+12 | 1 partnership |
| 6 | Hala App-based wallet for consumer and business payments | $12M | 11 mo ago | Series B | Maher Loubieh Co-founder | 2018 | Apple iCloud MailTypeScriptNode.js+28 | — |
| 7 | SiFi Provider of expense management platform for small and medium-sized enterprises | $10M | 6 mo ago | Series A | Ahmed Alhakbani Co-Founder and CEO | 2021 | SentryNode.jsRadix UI+21 | — |
| 8 | Mozn Artificial Intelligence solutions to empower enterprises in making critical decisions | $10M | 55 mo ago | Series A | Khaled Ghoneim Co-Founder | 2017 | WebflowApple iCloud MailMicrosoft 365+20 | 2 awards |
| 9 | Resal Developer of digital infrastructure for managing non-cash value and rewards | $10M | 24 mo ago | Series A | Hatem Kameli Co-Founder & CEO | 2015 | WordPressMySQLPHP+29 | — |
| 10 | NQOODLET Provider of expense management platform with physical and virtual card solutions | $4M | 16 mo ago | Seed | Mohamed Milyani Co-Founder & CEO | 2021 | WordPressMySQLPHP+19 | — |
| 11 | Amwal Tech Identity-powered authentication and payment acceptance for businesses | $2M | 42 mo ago | Seed | Mohamed Zaghoo Co-Founder & CEO | 2022 | Webflow EcommerceWebflowFreshworks CRM+17 | 1 partnership |
| 12 | CASHIN Virtual POS terminals for merchants and businesses | $2M | 6 mo ago | Series A | Omar Alrammah Co-Founder & CEO | 2020 | WordPressMySQLPHP+25 | — |
| 13 | Tweeq App-based expense and money management platform | $533K | 62 mo ago | Acquired | Abdulaziz Almalki Co-Founder & CTO | 2020 | Framer SitesReactPriority Hints+8 | — |
Top 12 Payments companies in Saudi Arabia
#1
Series A · Riyadh, Riyadh Province · founded 2021 · 10 employees$10Mraised▾
Provider of expense management platform for small and medium-sized enterprises. The platform offers tools for managing expenses, including real-time transaction tracking and custom approval workflows. It facilitates the issuance of physical and virtual cards with built-in controls. The platform automates accounting processes and streamlines employee reimbursements. It also provides payment solutions for local suppliers and international transfers.
- Feb 2026Series A$20M
- Jun 2024Seed$10M
- Feb 2022Seed—
#2
Series B · Riyadh, Riyadh Province · founded 2018 · 106 employees$11.5Mraised▾
Halalah is an app-based wallet for consumers and business payments. It features a mobile payment platform for consumers & businesses to offer services such as deposit accounts, online/offline payment, money transfers, mobile recharge, and more. It also offers a marketplace to users for purchasing vouchers and digital products. It can be accessed through the app that is available on iOS and Android devices.
- Sep 2025Series B$157M
- Aug 2021Series A$5M
- Mar 2021Series A$6.5M
#3
Series B · Riyadh, Riyadh Province · founded 2019 · 89 employees$36.5Mraised▾
Provider of open banking platform for financial data and payments. It offers account connections, data aggregation, and identity verification. The platform enriches financial data with insights and facilitates integrated payments. It provides solutions for KYC, AML, credit risk scoring, and finance management. The platform also supports account top-ups, invoicing, e-commerce payments, refunds, and loan disbursement.
- Mar 2025Series B—
- Nov 2024Series B$67.5M
- Jan 2022Series A$33M
- Jul 2020Seed$3.5M
#4
Series A · Riyadh, Riyadh Province · founded 2020 · 68 employees$1.6Mraised▾
Virtual POS terminals for merchants and businesses. It enables merchants to accept online payments via credit/debit cards. It also provides solutions for invoicing, e-invoices for offline modes, and more.
- Feb 2026Series A$16M
- Sep 2021Seed$1.6M
#5
Seed · Riyadh, Riyadh Province · founded 2021 · 23 employees$4Mraised▾
Provider of expense management platform with physical and virtual card solutions. It offers tools for planning, controlling, and disbursing organizational expenses in one integrated location. The platform allows teams to issue an unlimited number of cards. It provides real-time tracking through instant notifications for each transaction. The platform enables users to manage all cards in a single place.
- May 2025Seed$3M
- Jun 2023Grant (prize money)$15K
- Dec 2021Seed$1M
#6
Series A · Jeddah, Makkah Province · founded 2015 · 106 employees$9.8Mraised▾
Developer of digital infrastructure for managing non-cash value and rewards. This platform enables the creation, conversion, and redemption of digital assets including loyalty points, gift cards, and prepaid balances. It provides technical tools for businesses to issue and process digital incentives while allowing individuals to consolidate various forms of stored value into a single interface for use across multiple merchants. The system facilitates the exchange of digital credits and manages the lifecycle of electronic vouchers and promotional balances.
- Aug 2024Series A$9M
- May 2019Seed$800K
- Jan 2018Seed—
#7
Seed · Riyadh, Riyadh Province · founded 2015$21Mraised▾
Moyasar is a Saudi Arabia-based, API-linked payment gateway for merchants to accept payments through credit cards and other payment methods with SSL data encryption. Also provides an option for generating e-invoices and sharing the same with customers through SMS, emails and social networking sites. Offers a reporting dashboard for tracking performance.
- Mar 2024Seed$21M
#8
Series A · Riyadh, Riyadh Province · founded 2020 · 28 employees$20.3Mraised▾
Software-enabled POS payment terminal for merchants and businesses. It facilitates online payments through credit or debit cards, wallets, and more. Enables simplifying the set-up and eliminating operational and hardware costs for businesses.
- Dec 2023Series A$14M
- Oct 2022Seed$3.6M
- May 2021Seed$2.1M
- Jan 2021Seed$600K
#9
Late Stage · Riyadh, Riyadh Province · founded 2008 · 108 employees$266.3Mraised▾
Provider of integrated payment and business management solutions for merchants. The company offers tools to manage payments, point-of-sale systems, and online orders. It provides hardware and software designed to streamline business operations. The company delivers solutions for various business segments.
- May 2018PE$266.3M
#10
Series B · Riyadh, Riyadh Province · founded 2014 · 106 employees$36.7Mraised▾
Provider of payment solutions and financial services for businesses. It provides solution such as international payments, checkout, bill payments, payout, and more . The service also includes analytics with payment transactions, multi-currency payment options, and more.
- May 2022Series B$36.7M
- Dec 2019Series A—
#11
Series A · Riyadh, Riyadh Province · founded 2017 · 200 employees$10Mraised▾
Artificial Intelligence solutions to empower enterprises in making critical decisions. It harnesses the power of Artificial Intelligence to innovate and build products and solutions for the advancement of digital humanity. As the threat and complexity of money laundering and fraud escalates, it leverages AI to protect orgaizations and their customers from risk. Helps some of the largest organizations solve their problems and challenges, through advanced analytics, machine learning and other autonomous algorithms.
- Feb 2022Series A$10M
#12
Seed · Riyadh, Riyadh Province · founded 2022 · 17 employees$2.5Mraised▾
Identity-powered authentication and payment acceptance for businesses. Provides a secure way to accept online payments for businesses with biometric one-click biometric checkout technology that combines identity verification, fraud prevention, and payment into a single API.
- Feb 2023Seed$2.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Digital Payments is moving in Saudi Arabia
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 164 Saudi Arabia-affiliated papers.
- University of Business and Technology23
- King Saud University15
- College of Business Administration15
- King Abdulaziz University14
- King Faisal University14
- Computer security1→4
- Mobile payment1→29
- Context (archaeology)1→8
- Computer security1→4
- Mobile payment4→13
- Financial services1→7
- Financial inclusion1→6
Where digital payments is researched across Saudi Arabia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.