Arib Raises $23.5M in Funding
Arib raises $23.5M in a funding round led by Merak Capital to scale its digital financing marketplace and expand product offerings in Saudi Arabia.
Arib Raises $23.5M in Fundig
Arib, a Saudi Arabia-based fintech company that operates a digital financing marketplace, has raised $23.5 million in a new funding round.
Investors
The round was led by Merak Capital, a venture capital firm known for its focus on technology and innovation in the region. The financing included Sharia-compliant Murabaha facilities.
Arib Use of Funds
Funds from this round will be used to strengthen the company technology infrastructure, scale operational capabilities, and accelerate the development and launch of new financing products tailored to individuals and businesses in Saudi Arabia.
About Arib
Founded in 2018 by Omar Alhammad, Mohamed Dessouky, and Waleed Talat, Arib operates a digital financing marketplace. The company allows customers to compare various financing offers and apply for loans online based on their specific borrowing requirements and financial profiles.
Funding Details
Company Website: https://arib.com.sa
Company: Arib
Raised: $23.5M
Funding Date: May 19, 2026
Lead Investor: Merak Capital
Software Category: Fintech
Source: https://www.wamda.com/2026/05/arib-targets-saudi-digital-lending-boom-23-5m-funding-round
