Sindbad Tech, a fintech company based in Saudi Arabia, has successfully secured $4.8 million in seed funding, with Alkhabeer Capital leading the round during the Money20/20 Middle East event. Established in 2013 by Abdulaziz Alsultan, Mohammed Agbawi, and Ziad Aqbawi, the company has transitioned from a research initiative into a provider of innovative financial and investment solutions. The newly acquired funds are set to bolster Sindbad Tech’s product portfolio, advance transaction efficiency technologies, and align with Saudi Arabia’s Vision 2030, which emphasizes innovation and digital transformation. This financial boost highlights the growing confidence in autonomous finance and its significance in enhancing the Kingdom’s digital financial infrastructure, furthering its goal of becoming a prominent fintech hub in the region.
Has Sindbad Tech raised $4.8 million in seed funding led by Alkhabeer Capital?
