barq
About
Saudi digital payments platform that has scaled to 15 million users and processed over SR440 billion, expanding via partnerships with global payments players.
Founders
Recent News
Fintech Funding Weekly: $655.5M Across 20 Deals (Sep 14 - Sep 20)
Early-stage fintech funding totaled $655.5M across 20 deals (Sept. 14–20), driven by a $329.5M Series A for Saudi digital wallet barq and a £75M Shariah-compliant credit facility for UK-based Ayan Capital; the rest of the week's equity rounds were mid-sized across payments, AI accounting and cross-border rails.
Inside Saudi fintech barq's $1.85B valuation
Riyadh-based fintech barq closed a $329.5M Series A at a $1.85B valuation roughly two years after its 2023 founding, backed by Noon Investments, Sohar International and M20 Fund to fund GCC expansion and remittance corridors.
Arab News
Saudi digital-payments firm barq raised SR1.24 billion (USD 329.5m) in a Series A at a USD 1.85bn valuation, becoming the Kingdom’s newest fintech unicorn and planning regional and international expansion.