Every StartupHub.today article filed under Saudi Arabia.
A new report, 'Saudi Internet 2025,' reveals that communication and government service apps are incredibly popular in the Kingdom. What's really exciting is the significant rise of AI applications, which are quickly becoming some of the most downloaded in Saudi Arabia.
Even though Saudi startup funding dipped to $219 million in the first half of the year, the Kingdom held strong as the second-biggest venture capital market in the region. Early-stage investments kept things buzzing, and FinTech continued to be the top dog, grabbing a huge chunk of the funding.
New data from Visa reveals that the 2026 World Cup significantly boosted digital spending in Saudi Arabia. Delivery services, telecommunications, and sports products saw the most notable growth, highlighting how major events can reshape consumer payment habits.
Saudi Arabia's telecom scene is buzzing with a potential major deal! TAWAL, fully owned by the Public Investment Fund, is reportedly in talks to acquire over 10,000 telecom tower sites from Mobily. This significant acquisition would dramatically increase TAWAL's assets and solidify its role as the Kingdom's leading independent tower operator, driving forward Saudi Arabia's digital infrastructure expansion.
Saudi FinTech company SILQ has secured $20 million in funding from Gemcorp Capital. This investment will help SILQ expand its embedded financial services, especially invoice and trade financing, through its Fina platform, supporting small and medium-sized businesses across Saudi Arabia.
Fina is stepping up its game to provide direct and flexible digital funding for small and medium-sized businesses across Saudi Arabia. The company aims to strengthen its financial tech infrastructure to make it easier for SMEs to access the capital they need through online platforms.
