Tarabut & Geidea partner to provide financing to Saudi SMEs

By Gloria Methri

Tarabut and Geidea have entered a strategic partnership to explore and develop tailored SME financing solutions.

Today, SMEs represent 1.3 million businesses in Saudi Arabia, and they face a financing gap of over SAR 300 billion. The current process for SMEs to obtain financing is often lengthy, complex and costly, limiting their ability to manage cash flow, support day-to-day business operations and achieve growth.

The partnership between Tarabut and Geidea will collaboratively explore and develop solutions that could create new, more efficient and accessible financing opportunities for SMEs, including those underserved by traditional financial services.

Geidea KSA CEO Ziyad Alessa said, “This strategic partnership with Tarabut aims to transform financing into a frictionless and always-available resource. Together, we plan to enhance the user experience and business agility for SMEs, always in accordance with SAMA regulations and guidance. Through this partnership with Tarabut, we hope to develop a seamless real-time solution that aligns with Vision 2030’s focus on digital transformation and financial inclusion.”

With over 75% of Saudi Arabia’s point-of-sale (POS) market share, Geidea processes millions of transactions daily for a wide range of businesses, from local outlets to international brands. By leveraging Tarabut’s secure, decisioning and orchestration technology stack and impressive network of bank partnerships, the collaboration aims to redefine digital lending.

Abdulla Almoayed, Tarabut Founder and CEO, said, “Together with Geidea, we are looking to identify opportunities for economic growth that align with regulatory requirements, ensuring that even the smallest businesses can access the funding they need to grow and succeed. We believe in building a future where technology not only meets regulatory standards but also creates new pathways for growth, inclusion and innovation, thereby unlocking the full potential of SMEs and driving economic progress from the grassroots up.”

As the partnership unfolds, both companies look forward to solutions that bridge the financing gap and fuel the ambitions of entrepreneurs across the Kingdom of Saudi Arabia.