NayaOne, a leading vendor delivery infrastructure (VDI) platform headquartered in the UK, has officially entered the Saudi Arabian market by launching the Kingdom’s first fully Saudi-hosted platform. Supported by AstroLabs, the Gulf’s premier business expansion platform, and backed by the UK’s Department for Business and Trade (DBT), this launch advances Saudi Arabia’s Vision 2030 goal of fostering a digitally advanced, inclusive financial ecosystem.
The platform enables Saudi banks, insurers, and fintech companies to design, test, and launch financial products in weeks, significantly reducing proof-of-concept cycles from months to days. Hosting the platform locally removes data sovereignty barriers while maintaining strict security and compliance standards. This provides institutions access to a rich ecosystem of synthetic data assets and modular test environments, connecting the local tech scene with NayaOne’s global network.
Several Saudi financial institutions are already utilizing NayaOne’s sandbox environment to innovate in embedded finance, cybersecurity, SME lending, cross-border remittance, and AI integration. With Saudi Arabia targeting 525 fintech companies by 2030 and fintech market value projected to rise to $87 billion by 2029, NayaOne’s early presence positions it as a core enabler of the sector’s rapid growth.
Founder and CEO Karan Jain highlighted the impact of local hosting: “Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks.” He expressed gratitude for the support from flagship clients, AstroLabs, the KSA ecosystem, and the UK Government.
UK Minister for Investment Baroness Gustafsson CBE praised the collaboration, stating, “I’m delighted that NayaOne will help boost financial innovation in KSA, reflecting the strength of UK-Saudi collaboration in digital and financial innovation.”
AstroLabs’ Director of Expansion Alex Nicholls emphasized the platform’s strategic role: “NayaOne’s expansion will accelerate the development of products tailored to a fast-moving market and support financial inclusion. With its Riyadh hub, NayaOne fosters stronger partnerships with financial institutions and fintech innovators, catalyzing innovation in Saudi Arabia’s financial services sector.”
This launch marks a significant milestone in UK-Saudi fintech cooperation, blending British technological leadership with Saudi Arabia’s growing fintech momentum to build a robust, secure, and innovative financial ecosystem.
