Geidea: MENA's Open Banking Fintech Tarabut Partners with Payments Firm Geidea

Tarabut, an open banking platform operating in the MENA region, and Geidea, Saudi Arabia's payments solutions provider, have entered a strategic partnership to explore and develop SME financing solutions, subject to regulatory approvals. SMEs represent 1.3 million businesses in Saudi Arabia, and they face a financing "gap of over SAR 300 billion." Tarabut and Geidea aim to develop solutions that may create efficient and accessible financing opportunities that empower SMEs - including those "underserved by