101 Top Riyadh Financial Services Companies and Startups

October 31, 2022

This article showcases our top picks for the best Riyadh based Financial Services companies. These startups and companies are taking a variety of approaches to innovating the Financial Services industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

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Top Riyadh Financial Services Startups

Data sourced from Crunchbase and SemRush.

Lean Technologies

Lean Technologies

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Lean Technologies is a FinTech startup that develops a platform to provide access to consumer financial data.

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First licensed fintech company in Kingdom by SAMA, the largest digital wallet in the MEMA, and the first Saudi fintech unicorn startup

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Lendo

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Lendo is a fintech company that offers a peer-to-peer lending platform with core focus towards SMEs debt finance.

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Rasan

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Rasan is an insure-tech company that provides technical solutions to insurance brokerage and financial services sector.

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Kingdom Holding Company

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Kingdom Holding Company is one of the world’s premier international investment companies.

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Hala

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Hala is a digital financial platform for your payments.

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Saudi Arabia’s Public Investment Fund

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Saudi Arabia’s Public Investment Fund facilitates the development of the national economy.

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MANAFA Capital

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MANAFA is an investment marketplace for innovative businesses regulated by the Saudi Capital Market Authority

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Lamaa

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Lamaa develops financial technology solutions to small and medium enterprises.

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Sanabil

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Sanabil Investments is a sovereign wealth fund specializing in direct and fund of funds investments.

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Qoyod

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Qoyod is a comprehensive online accounting software for small and medium businesses.

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Dawul

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Dawul is a platform that allows investors to share details of the financial status of their portfolios with other investors.

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Mala’a Technologies

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Mala’a Technologies is a finance management app that helps manage finances and provides recommendations on finances.

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Hakbah

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Hakbah is a Fintech startup focusing on an alternative financial saving.

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Sanad Cash

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Sanad Cash helps employees relieve financial stress by getting them instant access to their salaries between paychecks.

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Arib

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Arib is a FinTech and digital broker for personal loans.

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EdfaPay

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Edfapay is a fintech enterprise that provides smart & efficient payment solutions.

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One4pay

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Payment service provider

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AMLAK INTERNATIONAL FOR REAL ESTATE FINANCING

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Amlak International offers business and corporate financing, mortgages, and subsidized financing programs

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Tamawal

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Tamawal offers premium and quick loan service for businesses

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Neoleap

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Neoleap is a fintech company that offers online payments, digital wallets, point of sale, e-commerce, and payment gateway services.

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Saudi Central Bank – SAMA

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Saudi Central Bank – SAMA focuses on national currency, supervises commercial banks, conducts monetary policy for maintaining price.

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Forus Financial

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Marketplace, AI, Lending, Investments, Financing, Artificial Intelligence

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Tweeq

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Tweeq is offering a a feature-rich spending account for modern individuals and SME’s with a user first approach.

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Buruj Cooperative Insurance Co.

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Buruj Cooperative Insurance Co. is a multi-line non-life insurance underwriter that underwrites health, property & casualty insurances.

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Impact46

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Impact 46 is an asset manager and advisor that specializes in alternative investment opportunities.

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Ta3meed

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Ta3meed offers PO financing solutions to small and medium resellers through a crowdfunding platform.

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Emkan Finance

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Emkan Finance is an omnichannel FinTech brand that offers innovative financing solutions.

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Riyad TAQNIA Fund (RTF)

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Riyad TAQNIA Fund (RTF) is a venture capital fund investing in early stage technology companies.

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Saudi Venture Capital Company

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Saudi Venture Capital is an investment firm which helps to minimize current equity funding gaps for Startups.

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Arab National Bank

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Arab National Bank provides various banking products and services.

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Drahim

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Drahim develops a digital platform on recommended investing plans after analyzing one’s financial usage.

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SALIC

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SALIC is an investment firm specializing in agricultural investment and livestock production.

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Moyasar

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Moyasar is an online payment gateway that provides electronic payment solutions.

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Riyad Bank

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Riyad Bank is an arabic financial institution for businesses and individuals.

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Aljazira Capital

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Aljazira Capital is a Saudi closed joint stock company.

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Wafeer

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Wafeer is a fintech personal finance management app that provides financial solutions.

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Mod5r

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Mod5r is a leading Fintech platform based in Saudi Arabia; We are here to help you achieve better financial decisions.

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D360

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D360 is a new digital bank that offers payments services, consumer microfinance, and electronic insurance brokerage.

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Bank AlBilad

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Bank AlBilad provides solutions in multiple segments including retail banking, business products, investment, and international remittance.

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Al-Rajhi Company For Cooperative Insurance

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Al-Rajhi Company For Cooperative Insurance is a firm that delivers affordable solutions fulfilling the insurance needs of customers.

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BayanPay

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BayanPay is a digital payment service provider company.

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Jadwa Investments

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Jadwa Investments is a company that offers asset management services.

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Swicorp

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Swicorp is a leading Investment banking, private equity and asset management firm with a specific focus on the Middle East and North Africa.

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Saudi Stock Exchange (TADAWUL)

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Saudi Stock Exchange (TADAWUL) is a joint stock company.

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Al Rajhi Capital

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Al Rajhi Capital is a financial and banking services company that specializes in brokerage, asset and investment management services.

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Samba Financial Group

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Samba Financial Group is a multinational banking firm that offers a range of financial solutions.

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Alawwal Bank

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Alawwal Bank specializes in providing banking and investment services.

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Quara Finance

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Quara Finance is a Saudi company that offers financial solutions, services, and products.

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AlRaedah Finance

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AlRaedah Finance provides e-commerce financing, point of sale financing, and financial solution for small and medium-sized enterprises.

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Arabian Shield Cooperative Insurance Co.

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Arabian Shield Cooperative Insurance Co.is an insurance company that deals with medical insurance and other insurance services business.

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Simplified Financial Solutions Company

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Simplified Financial Solutions Company offers startups and SMEs financial management solutions.

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SAUDI PAYMENTS

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Saudi Payments Network or mada is the only and major payment system in the kingdom of Saudi Arabia.

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Social Development Bank

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Social Development Bank provides financial products and services.

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Sulfah

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Sulfah is a fintech that develops mobile applications assisting in quick financing by accelerating loan deposits to the user’s bank account

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Abdullatif Alissa Group Holding

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Abdullatif Alissa Group Holding provides investment management, financial and business planning services for Companies and Enterprises.

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Tammwel

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Tammwel is a digital financing broker the helps clients find financial offers.

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Nayifat Finance Company

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Nayifat Finance Company engages in providing financial solutions for individuals and institutions.

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Aggad Investment

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The Aggad Investment is a Saudi investment holding firm to engage in and contribute to the country’s developing wealth.

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Ersal

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Ersal is a remittance company that offers multiple options to customers to transfer money to different countries.

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The Saudi Investment Bank

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The Saudi Investment Bank is a joint stock company that provides wholesale, retail, and commercial banking products and services.

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Bayan Credit Bureau

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Bayan Credit Bureau provides achieving credit, financial, and trade goals services.

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Al Shoula Group

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Al Shoula Group invests in insurance and real estate and expanded to oil trading and ordinance support.

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Sulaiman Bin Abdul-Aziz Al Rajhi

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Sulaiman Bin Abdul-Aziz Al Rajhi is in the investment management sector operating in banking, real estate, industrial projects, and food.

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Muscat Capital

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Muscat Capital engages in asset management, investment banking and brokerage services.

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Abyan Capital

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Abyan Capital is a financial service company that provides an automated solution and portfolio management for long-term investments.

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Wafa Insurance

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Wafa Insurance is an insurance which company provides general insurance, health insurance and savings products.

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Saudi Real Estate Refinance Company

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Saudi Real Estate Refinance Company provides real estate financing solution services.

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STV

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STV is the largest independent VC fund in MENA with $500m in AUM. STV backs and scales the region’s most exciting and disruptive ventures.

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Saudi Credit Bureau

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Saudi Credit Bureau provides risk management and financial services.

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Argaam Investments

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Argaam is a financial news portal that provides a diverse audience with real-time updates on financial markets and macroeconomics.

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Aldukheil Financial Group

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Aldukheil Financial Group serves corporates with investment banking, financial advisory, merger and acquisition transaction services.

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Tasaru Holding

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Tasaru Holding is an investment company that specializes in funding and developing startups in key consumer based sectors.

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insights

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Insights have multi-disciplinary skills to address a range of services that our clients require in dealing with Management Consultancy.

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Sandstorm Ventures

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Sandstorm Ventures is a financial firm that offers investment strategies to promote market growth for investors, public & private companies.

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Dussur

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Dussur is an investment and development company that focuses on strategic industrial businesses.

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ANB Invest

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ANB Invest is an investment banking firm that provides brokerage, asset management, corporate finance, mutual fund and advisory services.

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Malaz capital

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Malaz capital is developing best-in-class investment management, asset management and development services.

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Tharwat for Financial Securities

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Tharwat for Financial Securities is an investment company that provides funding, asset management, consulting, and financial services.

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Derayah Financial

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Derayah was established to protect and empower individual investors to take control of their financial success.

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Albilad Capital

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Albilad Capital provides trading, market research, money bills, investment banking, brokerage, portfolio, and asset management services.

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Adeem Capital

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Adeem Capital offers a broad range of asset and wealth management, investment banking, corporate finance and advisory services.

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Alawwal Invest

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Alawwal Invest is an investing firm.

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The Mediterranean And Gulf Insurance And Reinsurance Co.

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The Mediterranean And Gulf Insurance And Reinsurance Co.is an insurance company that provides cooperative Health & other insurance services.

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SAS Holding

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SAS Holdings is a Saudi Arabian holdings company.

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Marifa Capital

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Marifa Capital provides investment banking, advisory, wealth management, and other financial services.

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Kingdom of Saudi Arabia Ministry of Finance

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Kingdom of Saudi Arabia Ministry of Finance provide budget and finance management for Saudi Arabia.

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Rassanah Capital

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Rassanah Capital is a financial service provider that offers asset management and investment management services.

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Capital Market Authority

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Capital Market Authority strives to build a suitable investment environment, augment transparency and disclosure rules for listed companies.

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Saudi EXIM

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Saudi EXIM is a financial institution that offers insurance, pre-export financing, credit, commercial lending, and financial services.

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Dr Sultan Consultants

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Dr Sultan Consultants provides Zakat, tax, internal audit, financial, and management advisory, as well as private client services.

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Alamthal Financing

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Alamthal Financing provides individual finance, points of sale, financing programs, small and medium enterprises financing services.

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FinZey Finance

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FinZey Finance is a microfinance fintech firm that offers short-term, customized personal loans over the digital platform.

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ACIG

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ACIG specializes in providing insurance services.

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SADAD Payment System

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SADAD facilitates & accelerates various payments to individuals, banks, companies & the government sector, continues to develop new service

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Saudi Investment Recycling Company

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Saudi Investment Recycling Company provides financial services to the programs that segregate and recycle municipal solid waste.

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Samarra Inc

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Samarra, the application for all things money.

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Wasatah Capital

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Wasatah Capital is a stock investment firm that offers asset management, mutual funds, corporate finance management, and investment banking.

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Mekyal Financial Technologies

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Mekyal Financial Technologies offers financial technology services namely healthcare, AI, e-commerce, education, and logistics.

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Saudi Madad

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Madad Saudi offers personal, corporate and real estate finance solutions across business segments based out of Riyadh.

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Ministry of Investment

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Ministry of Investment provides investment services.

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