barq Raises $329.5M Series A at $1.85B Valuation

barq, based in Saudi Arabia, is a digital payments company that has secured $329.5 million in a Series A funding round. The company, which provides a comprehensive digital financial services ecosystem, reached a valuation of $1.85 billion through this investment.

Investors

The funding round included investments from Noon Investments, Sohar International Bank, and M20 Fund.

barq Use of Funds

barq intends to use the capital to strengthen its operational capabilities, accelerate the development of new financial products and technology solutions, and support its expansion into additional regional and international markets. The funding will also assist in broadening access to its digital financial services for its user base.

About barq

Launched in 2024, barq is a digital payments and financial services company based in Saudi Arabia. The company provides a digital platform that has reached over 15 million users across more than 210 nationalities, processing over SAR 440 billion in funds since its inception.

Funding Details

Company Website: https://barq.com

Company: barq
Raised: $329.5M
Round: Series A
Funding Date: September 15, 2026
Additional Investors: Noon Investments, Sohar International Bank, M20 Fund
Software Category: FinTech
Source: https://www.fintechgate.net/251881