Tarabut’s $50M Bet: Embedded Finance UX for Saudi SMEs

Bahrain-based Tarabut raised $50 million (187 million riyals) from Riyad Bank, X-Tech Fund, GIB Saudi Arabia, and other investors. The deal awaits SAMA regulatory approval. The open banking and embedded finance platform operates in Saudi Arabia, the UAE, and Bahrain and has processed over 5 billion API calls.

• $50 million (187 million riyals) round from Riyad Bank, X-Tech Fund, and others
• Deal requires SAMA regulatory approval
• Platform processed over 5 billion API calls across three countries
• Previously raised $32 million Series A in 2023