Tarabut Gateway, the Dubai headquartered Open Banking platform, has concluded a $12 million pre-Series A round, led by Tiger Global. With offices across Bahrain, UAE and UK, Tarabut Gateway went live with its API infrastructure in December 2019. Licenced as an Account Information Service Provider and Payment Initiation Service Provider, Tarabut Gateway is building a microservices-based platform that offers a single API for multi-jurisdictional access to banking data. The latest financing follows a £13 million raise in February and will be used to grow the firm's tech and leadership team. Abdulla Almoayed, Tarabut Gateway’s founder and CEO comments: “The Mena region is a complex web of countries and regulations.

Source: The North Africa Journal November 02, 2021 15:51 UTC