Riyadh, Saudi Arabia – Arabian Pay, the Kingdom’s leading national fintech platform, has successfully closed its Pre-Seed investment round through a strategic agreement with Al Bassami Holding Group, a global leader in logistics and transportation.
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 landmark agreement marks a significant expansion of the partnership between Arabian Pay and Al Bassami Group, combining financial investment with strategic collaboration to drive fintech innovation. The funding will accelerate Arabian Pay’s market expansion and contribute to Saudi Arabia’s economic growth under Vision 2030.
Arabian Pay’s latest investment fuels its market-leading Buy Now, Pay Later (BNPL) solutions for SMEs, providing businesses with greater financial flexibility. By enabling companies to split supplier payments into three interest-free installments, the platform enhances cash flow management and accessibility to essential financial services.
This funding will accelerate platform development and strengthen ecosystem partnerships, reinforcing Arabian Pay’s commitment to innovation. Additionally, the investment plays a crucial role in promoting financial inclusion, ensuring that more Saudi businesses can access tailored payment solutions that support their growth and sustainability.
“This investment validates our success in transforming SME financing,” said Mohammed Rashid Alabdullatif. “With Al Bassami Group’s partnership, we’re positioned to deliver smarter payment solutions that align with Saudi Arabia’s digital transformation goals.”
Omar Al Bassami added: “Our investment reflects confidence in Arabian Pay’s innovative model and its alignment with Vision 2030’s fintech objectives. Together, we’ll create new economic opportunities for Saudi businesses.”
Arabian Pay’s platform continues to reshape SME access to financing. With this investment, the company is poised to enhance its platform capabilities, expand its merchant partnerships, and improve financial ecosystem integration. Additionally, this development aligns with Vision 2030’s financial sector growth objectives, reinforcing Arabian Pay’s role in driving Saudi Arabia’s fintech evolution.
