Sindbad Tech nets SAR18m in Saudi, Alkhabeer at Money20-20

Alkhabeer Capital spearheaded a SAR18 million seed investment round for Saudi fintech firm Sindbad Tech during Money20/20 Middle East. The $4.8 million funding enables the company to expand its financial technology offerings and create advanced systems that improve transaction speed. Sindbad Tech provides services to both individual consumers and business clients through its automated platform. This investment demonstrates market confidence in digital financial services and supports Saudi Arabia's technological banking infrastructure development. The company began in 2013 as a research project examining financial market movements through traditional indicators before evolving into a comprehensive investment solutions provider aligned with Saudi Vision 2030 objectives.