Series A · Fintech
barq raises $329.5M Series A for product and market expansion
barq raised SAR 1.24 billion, reported as $329.5 million, in Series A financing backed by Noon Investments, Sohar International Bank and M20 Fund.
The September funding will support product and technology development, operational efficiency and entry into additional regional and international markets.
At the announcement, the Saudi fintech reported more than 15 million users and SAR 440 billion processed since launch. The round builds on that adoption across its consumer and merchant financial services.
Use of funds
Strengthen operational efficiency
Develop products, services and technology solutions
Expand into additional regional and international markets
Funding history
Series A · This round$329.5M