Riyadh - Mubasher: Saudi fintech Sindbad Tech has raised SAR18 million ($4.80 million) in a seed round led by Alkhabeer Capital on the sidelines of the Money 20/20 Middle East conference.

The funding will be used to scale its fintech solutions, enhance transaction efficiency, and expand services for individuals and enterprises, according to a press release.

The round highlights investor confidence in autonomous finance and its role in building Saudi Arabia’s digital financial infrastructure.

It also aligns with the Saudi Vision 2030 goals to drive innovation and digital transformation.

Founded in 2013 as a research project on market trends, Sindbad Tech has grown into a fintech firm delivering advanced investment solutions.