- $1.2 million investment from Merak Capital in Saudi fintech company Bynow.
- BNPL (Buy Now, Pay Later) solutions for businesses, with expansion plans into broader B2B payment automation.
- Aligned with Saudi Vision 2030, supporting digital transformation and financial infrastructure growth.
Merak Capital, a leading technology investment firm, has announced a $1.2 million investment in Bynow, a fast-growing Saudi fintech startup. The funding aims to accelerate the development of Bynow’s digital products and strengthen its presence in Saudi Arabia and regional markets.
BNPL solutions for businesses
Bynow provides Buy Now, Pay Later (BNPL) solutions tailored for businesses, offering SMEs greater flexibility in managing cash flows. These solutions support growth by improving liquidity and simplifying B2B transactions.
Towards payment automation
Beyond BNPL, Bynow is developing wider digital products to automate accounts receivable and accounts payable, replacing manual processes still dominant in many markets. The company’s goal is to build a fully digital financial infrastructure that enhances transparency, enables real-time visibility, and ensures predictable liquidity for businesses.
Rami Suleiman, CEO of Bynow:
“We started with BNPL solutions, and now we’re building an integrated financial system for businesses that includes embedded credit, AR/AP automation, and seamless integrations that provide real-time visibility and predictable cash flow.”
Merak Capital’s statement
Abdullah Alsharif, VP of Venture Capital at Merak Capital, commented:
“Bynow’s solutions in B2B payments go beyond convenience; they represent a pathway toward building a digital financial infrastructure for businesses. We believe Bynow has the potential to become a cornerstone in how companies manage their financial operations in the digital economy.”
Part of Vision 2030 digital transformation
Founded in Saudi Arabia as part of the fintech innovation wave, Bynow aims to modernize B2B payments and play a central role in advancing the Kingdom’s Vision 2030 digital transformation strategy, supporting SMEs and enabling a more efficient and flexible financial ecosystem.
العربية (Arabic) To read the article in Arabic, click here
