Saudi fintech Arabian Pay receives investment to expand BNPL offerings

• Saudi Arabia-based fintech Arabian Pay has raised an undiscsloed investment as part of its Pre-Seed round from Al Bassami Holding Group.
• Founded in 2023 by Mohammed Rashid Alabdullatif, Arabian Pay offers buy now, pay later (BNPL) services for SMEs and startups.
• This investment will enable Arabian Pay to enhances its market presence, accelerate the development of its platform and expand its partnerships.

Press release:

Arabian Pay, the leading national fintech platform, has announced the signing of an agreement to secure funding as part of its Pre-Seed investment round from “Al Bassami Holding Group”, a leader in the logistics and transportation sector in the Kingdom and globally. The signing ceremony was attended by Mohammed Rashid Alabdullatif, Founder and CEO of “Arabian Pay”, and Omar Al Bassami, CEO of Al Bassami Holding Group.

This agreement strengthens the partnership between “Arabian Pay” and “Al Bassami Group”, providing Arabian Pay with not only financial investment but also a strategic pathway for collaboration. This support fuels Arabian Pay’s innovations in fintech, expands its market presence, and contributes to economic growth in the Kingdom. Additionally, this investment aligns with Arabian Pay’s broader vision of enhancing financial inclusion and helping businesses overcome cash flow challenges.

“Arabian Pay” is actively expanding and deepening its innovation in financial solutions, focusing on the “Buy Now, Pay Later” (BNPL) model to support small and medium-sized enterprises (SMEs).

The investment from “Al Bassami Group” is based on “Arabian Pay’s” consistent success in providing financial solutions for SMEs and reshaping access to financing. Through this collaboration, businesses will be able to split payments into three instalments when purchasing from suppliers and merchants without incurring any interest.

With this partnership, “Arabian Pay” will accelerate the development of its platform, expand its partnerships, and strengthen its financial ecosystem, offering SMEs smarter and more flexible payment solutions. Furthermore, this collaboration reflects both companies’ shared commitment to driving digital transformation and opening new economic opportunities for businesses in the Kingdom. This initiative will contribute to the growth of the national economy, especially as Saudi Arabia continues to position itself as a key strategic market for fintech services, aligning with Vision 2030.