Sindbad.Tech Secures $4.8M Seed Round to Drive Saudi Fintech Innovation

Malaz Madani

Last updated 18-09-2025

3 min

Automated Economy Company, behind SindbadTech, secures seed funding of 18 million riyals.

Led by Alkhabeer Capital, this investment supports SindbadTech's aim to streamline financial transactions.

The initiative aligns with Saudi Arabia's Vision 2030, focusing on digital transformation.

Investors view this deal as key, given regional frustrations with outdated payment systems.

SindbadTech's future depends on execution, despite new funding and Alkhabeer Capital's backing.

Fintech Saudi has revealed that Automated Economy Company, the firm behind Sindbad.Tech, has secured a seed round worth 18 million riyals. The round was led by Alkhabeer Capital, signalling a vote of confidence in both the company’s roadmap and its ambition to push financial technology forward across the Kingdom and beyond.

What’s interesting here is the positioning. Sindbad.Tech is aiming to build advanced tools to streamline financial transactions for businesses and individuals alike. In plain words, they want to take the faff out of money movement and make it smoother, cheaper, and more efficient. Not rocket science perhaps, but in a region where digital adoption is speeding up, timing is everything.

From my own chats with startup founders around Riyadh, one recurring gripe has been the bottleneck they face with outdated systems in payments and settlements. So when a company promises to address those pain points, it does perk people up. I reckon that’s part of why investors found this deal spot on.

At the same time, the announcement fits neatly with Saudi Arabia’s Vision 2030 – the ongoing strategy to diversify the economy and jump full throttle into digital transformation. Each new fintech deal is another small puzzle piece that shows where the wider ecosystem is heading. And believe it or not, many regional founders I’ve met at Arageek community events often say that access to capital at this early stage makes or breaks their journey. It’s not about glamour; it’s about survival.

Will 18 million riyals be enough to scale Sindbad.Tech regionally? That’s always the big question. Money helps, sure, but execution is where founders often trip. On the flip side, having Alkhabeer Capital in the mix does more than open cheque books – it adds credibility and networks, which in the Gulf can be worth their weight in gold.

Overall, while it’s too early to crown this as a major milestone, it does strengthen Saudi Arabia’s role as a hub for fintech innovation. And as someone who’s followed these markets for a while, I’m chuffed to bits seeing how much faster things are moving compared to even five years ago. For entrepreneurs in the region, the message is clear: the ecosystem is taking shape, and investors are watching closely – so opportunities are out there, if you can grab them.

Well… let’s wait and see. Execution, not headlines, will tell us if Sindbad.Tech’s expansion goes smoothly or hits the usual bumps. But today at least, they’ve got wind in their sails and a sizeable backing behind them. It’s definately one to watch.

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