With the help of banks like Alinma Bank, Arab National Bank, Saudi National Bank, and Riyad Bank, the company has reached over 60% of the market in Saudi Arabia. Tarabut Gateway is among the first companies to join the Saudi Central Bank’s Regulatory Sandbox. Tarabut Gateway will use the cash raised to grow its presence in Saudi Arabia, acquiring top personnel and creating key collaborations. The company intends to spread its open banking infrastructure throughout the UAE, Bahrain, and the MENA region. The variety of investors shows that Tarabut Gateway is a leader regarding open banking and operational achievements.

Source: The North Africa Journal May 05, 2023 19:19 UTC