Live from Money20/20 Middle East in Saudi Arabia, Dumitru Condrea and Igor Tomych bring you three stories shaping fintech in the region:
🌱 Barq, a Saudi digital bank, raises $330 million, pushing its valuation toward $1.85 billion — a striking number for a company founded just three years ago.
🌱 Tabby secures new funding at a $6.5 billion valuation, led by Blue Pool Capital, cementing its place as one of the biggest fintech players in Saudi Arabia and the UAE.
🌱 Saudi Arabia's fintech sector grows to 371 registered companies, with cashless transactions reportedly climbing from 75% in 2024 to 85% in 2025 — a sign of how fast digital payments are scaling in the region.
🌱 Plus: Vision Bank partners with Publicis Sapient on an AI-focused Innovation Hub covering design and payments innovation.
Read the full stories
Barq's $330M raise: https://www.wamda.com/index.php/en/2026/09/saudi-fintech-barq-closes-329-5-million-series-a
Tabby's $6.5B valuation: https://www.reuters.com/world/middle-east/gulf-fintech-tabby-clinches-65-billion-valuation-after-latest-funding-round-2026-09-14/
Saudi fintech sector hits 371 companies: https://www.arabnews.com/business/saudi-fintech-sector-grows-to-371-companies-as-digital-payments-expand-3001781
Vision Bank x Publicis Sapient partnership: https://www.publicissapient.com/company/news/vision-bank-innovation-hub-partnership
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Timestamps:
01:07 – Barq raises $330M, valuation nears $1.85B
03:21 – Tabby hits $6.5B valuation, BNPL regulation catching up
04:00 – Saudi fintech sector grows to 371 companies; cashless adoption climbs
05:54 – Vision Bank x Publicis Sapient AI Innovation Hub partnership
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Connect with our hosts
Igor Tomych https://www.linkedin.com/in/igortomych/
Dumitru Condrea https://www.linkedin.com/in/dcondrea/
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