Tarabut Gateway
Bahrain-founded open banking and embedded finance platform serving banks and lenders in Saudi Arabia, the UAE and Bahrain, with a regional headquarters in Riyadh.
Industry: Open banking and embedded finance | Location: Riyadh, Saudi Arabia | Founded: 2017 | Total Funding: USD 107M
About Tarabut Gateway
Tarabut Gateway is a regulated open banking platform founded in Bahrain that connects banks, fintechs and businesses in the Gulf through shared data and payment interfaces. Abdulla Almoayed is its founder and chief executive. Sources give the founding year as 2017, 2018 or 2019, so the date is not settled here. The platform offers account aggregation, which lets a customer see accounts held across different banks in one place, and payment initiation, which enables account-to-account payments. The company describes itself as a regulated financial technology platform in Saudi Arabia, the UAE and Bahrain, and it was among the first participants in the Saudi Central Bank's regulatory sandbox. By 2023 it said it had reached over 60 percent market coverage in Saudi Arabia through partnerships with banks including Alinma Bank, Arab National Bank, Saudi National Bank and Riyad Bank. Funding has come in three announced rounds. In February 2021 Tarabut closed a USD 13 million seed round, described by regional press as the largest fintech seed round in the Middle East and North Africa to that date. Target Global led it, with Kingsway, CE Ventures and Entree Capital participating. In November 2021 it raised a USD 12 million pre-Series A round led by Tiger Global, with the Dubai International Fintech Fund joining as a new investor. In May 2023 it announced a USD 32 million Series A led by Pinnacle Capital, a Saudi alternative investment firm, with Aljazira Capital, Tiger Global and Visa also taking part. Tarabut said the proceeds would fund expansion in Saudi Arabia, including senior hires and partnerships, and Visa and Tarabut entered a strategic partnership around open banking products. On 30 September 2025 Tarabut opened a regional headquarters in Riyadh, saying it would speed up open banking and embedded finance work in the Kingdom. The same announcement said it had received in-principle approval from the Central Bank of the UAE following the introduction of the country's Open Finance regulation, which is an in-principle approval rather than a full licence. Business Wire's listing of related items names a point-of-sale financing platform for small businesses at Saudi National Bank powered by Tarabut, and a memorandum of understanding with Geidea to explore small business financing in Saudi Arabia, subject to regulatory approvals. Fintech Futures has also reported on the company's move to bring its platform to the UAE, and Forbes Middle East has included it in one of its regional lists.
Leadership
- Abdulla Almoayed, Founder and Chief Executive Officer
- Tariq Sanad, Chief Financial Officer
- Patrick Frith, Chief Strategy Officer