- Nearpay, a Saudi fintech company, has announced its expansion into the United States to strengthen its global presence.
- The company was founded in 2020 by Mohammad Aleban and Hamzah Al Ghamdi, with the aim of building a strong and flexible infrastructure for financial technology services.
- Nearpay raised $14 million in a Series A funding round led by Sanabil Investments.
Nearpay, a Saudi fintech company, has announced its expansion into the United States — a strategic move aimed at strengthening its global presence and delivering advanced payment solutions to new markets.
Founded in 2020 by Mohammad Aleban and Hamzah Al Ghamdi, Nearpay was established with the vision of making life easier for everyone by building a strong and flexible infrastructure for financial technology services. The company provides its services to Merchant Service Providers (MSPs), Payment Service Providers (PSPs), as well as startups seeking reliable and seamless payment solutions.
This expansion follows Nearpay’s successful $14 million Series A funding round in December 2023, led by Sanabil Investments, reflecting growing investor confidence in the company’s innovative vision and rapid growth.
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