Fintech
Saudi startups raised about $1bn in Q3, ten times the previous quarter
Three fintech deals made up about three-quarters of the total.
From the archiveSaudi startups raised about $1bn across 62 deals in the third quarter of 2026, up from $102M in the second quarter, according to data from Wamda. The Kingdom was the largest startup funding market in the Middle East and North Africa for the quarter.
Fintech accounted for $815.8M across 16 deals. Three transactions, barq's $329.5M Series A, Tabby's $233M Series F and Lendo's $200M debt programme, totalled $762.5M. E-commerce followed with $98M across five deals and proptech with $50.3M across four.