Saudi payments app **barq** secures **$329.5 million in Series A funding**, reaching a **$1.85 billion valuation**. The platform processes **$117 billion in funds annually**, a sixfold increase from prior periods, while its user base more than doubles since last July. The growth highlights barq’s rapid expansion in Saudi Arabia’s digital payments market.
Saudi digital payments company **barq** raises **$329.5 million** in a Series A funding round. The investment values the firm at **$1.85 billion**, expanding its presence in the Middle East’s fintech sector. The capital will likely support further product development and regional expansion.
Saudi fintech startup **barq** secures **$329.5 million** in Series A funding, achieving a **$1.85 billion valuation** and unicorn status. The capital infusion positions barq as the Kingdom of Saudi Arabia’s newest billion-dollar technology company. The funding round highlights growing investor confidence in Saudi fintech innovation.
Saudi fintech startup **barq** partners with **Mastercard** to integrate **Mastercard Gateway** into its payment solutions. The collaboration enables barq to expand its digital payment acceptance capabilities for merchants. This move supports barq’s growth in Saudi Arabia’s fintech ecosystem.
Sep 2024Financial and Business News | Finance MagnatesNews article
