The Saudi Central Bank (SAMA) has permitted four fintech startups to operate under its Regulatory Sandbox to test specific innovative financial solutions. The permitted firms are SpireTech for open banking, The Lending Hub and Soar for peer-to-peer lending, and Ldun for micro, small and medium enterprises factoring. SAMA also pointed to its official website for the list of licensed and permitted financial institutions.
Saudi Arabian Monetary Authority 2025-02-11
The Saudi Central Bank permits four fintech startups to test open banking, P2P lending and MSME factoring in its Regulatory Sandbox
The Saudi Central Bank has authorized four fintech startups to operate under its Regulatory Sandbox to test innovative financial solutions. The firms include SpireTech for open banking, The Lending Hub and Soar for peer-to-peer lending, and Ldun for micro, small, and medium enterprises factoring.