RIYADH – Sindbad Tech, a Saudi fintech firm specializing in autonomous finance, has raised SAR18 million ($4.8 million) in a seed round led by Alkhabeer Capital. The announcement came during the Money20/20 Middle East event, underscoring strong investor confidence in the Kingdom’s fast-growing fintech sector.
The fresh capital will enable Sindbad Tech to scale its digital financial solutions, enhance transaction efficiency, and develop advanced technologies tailored for both individual and enterprise clients. The company’s work in autonomous finance reflects a broader push to build Saudi Arabia’s digital financial infrastructure, fully aligned with the Saudi Vision 2030 agenda to promote innovation and strengthen the country’s position as a regional fintech hub.
Originally launched in 2013 as a research project analyzing financial market behavior through indicators and mathematical models, Sindbad Tech has since transformed into a fintech innovator focused on intelligent, automated investment platforms. Its solutions aim to streamline financial decision-making and open new opportunities for inclusive and efficient financial services in the Kingdom.
