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Saudi Arabia · Fintech
A Saudi financial app for consumers and businesses to manage digital accounts, pay and transfer money, use payment cards and handle everyday finances.
Consumers use barq to open and manage an account, send money to other wallets or local banks, make international transfers, and manage Mada and Visa cards. The app also includes marketplace offers, rewards, family accounts and shared-expense tools, giving users a single place for daily payments and money movement.
Business accounts help merchants receive, send and manage payments, with money management, group accounts, multicurrency transfers, spending insights and disbursements. The company’s September financing announcement described more than 15 million users and SAR 440 billion processed since launch, alongside plans to expand the product and its operations.
| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series A | $329.5M | M20 Fund — ParticipantNoon Investments — ParticipantSohar International Bank — Participant |