Arib Raises $23.5M in Funding

Arib Raises $23.5M in Funding

Arib Raises $23.5M in Fundig

Arib, a Saudi Arabia-based fintech company that operates a digital financing marketplace, has raised $23.5 million in a new funding round.

The round was led by Merak Capital, a venture capital firm known for its focus on technology and innovation in the region. The financing included Sharia-compliant Murabaha facilities.

Funds from this round will be used to strengthen the company technology infrastructure, scale operational capabilities, and accelerate the development and launch of new financing products tailored to individuals and businesses in Saudi Arabia.

Founded in 2018 by Omar Alhammad, Mohamed Dessouky, and Waleed Talat, Arib operates a digital financing marketplace. The company allows customers to compare various financing offers and apply for loans online based on their specific borrowing requirements and financial profiles.

Funding Details

Company Website: https://arib.com.sa

Company: Arib

Raised: $23.5M

Funding Date: May 19, 2026

Lead Investor: Merak Capital

Software Category: Fintech