Sindbad Tech raises $4.8 million in seed funding led by Alkhabeer Capital to enhance transaction efficiency and expand product offerings.

Sindbad Tech, a Saudi fintech company, has closed its SAR18 million ($4.8 million) seed round, led by Alkhabeer Capital, on the sidelines of Money20/20 Middle East. The funding will support Sindbad Tech’s plans to scale its innovative fintech solutions and serve both individuals and enterprises. This round underscores investor confidence in autonomous finance and its role in developing the Kingdom’s digital financial infrastructure. The move aligns with Saudi Vision 2030 objectives to drive innovation and transform the digital landscape.