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Open banking platform Tarabut Gateway rebrands as “Tarabut”

By Delisha Fernandes

September 25, 2023

  • Financial Ecosystem
  • Financial Institutions
  • financial lives
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Tarabut, financial ecosystem, open banking platform, financial lives, FinTechs, financial institutions, FinTech news, FinTech DubaiTarabut Gateway, an open banking platform in MENA , unveils its brand as “Tarabut.” The brand refresh reinforces the company’s unique positioning in redefining open banking and connecting the entire financial ecosystem to create an accessible, personalised, and interconnected financial landscape.

Abdulla Almoayed, Founder and Chief Executive Officer of Tarabut, said, “Our brand refresh reflects our vision for open banking in MENA – one that is accessible, connected, and personalised. What is the hallmark of a successful open banking system in the region? Creating a fully connected ecosystem with personalised finance at people’s fingertips, empowering individuals to take control of their financial lives. The open banking platform has been the pioneer and arbiter of this future, and our new name represents what drives us.”

The evolution following the company’s $32 million Series A fundraise in May, Tarabut’s brand transition aligns with its core values of interconnectedness and promoting synergy in the sector. Since the company’s inception in 2018 in Bahrain, Tarabut has expanded across its home market and to Saudi Arabia and the UAE. The open banking platform serves over fifty banks, FinTechs and partners in lending, fintech, and beyond. Together with banks, financial institutions, and FinTechs , Tarabut is building a connected financial system – enabling new products and services for the ultimate benefit of consumers.

The open banking platform stands for unwavering commitment to advancing the financial industry and empowering individuals to take control of their financial futures. Tarabut is devoted to transforming traditional banking and finance towards a radically inclusive, interconnected, and personalised sector.

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