Tarabut

Tarabut, formerly Tarabut Gateway, is a regulated Open Banking and open finance platform for the MENA region, founded in 2017 by Abdulla Almoayed. It started in Bahrain after the Central Bank of Bahrain mandated Open Banking for retail banks, and now operates across Bahrain, Saudi Arabia and the UAE from a regional base in DIFC, Dubai.

The platform addresses the fragmentation that Open Banking mandates create: every bank exposes a different interface, and each fintech would otherwise integrate with them one by one. Tarabut aggregates those bank connections behind a single universal API, so lenders, fintechs and non-financial businesses can retrieve permissioned account and transaction data, run affordability and credit decisioning on it, and initiate account-to-account payments. Product lines span BaaS infrastructure, data and analytics, embedded finance, payments, POS financing and auto financing.

1. Licensed by the Central Bank of Bahrain as an AISP and PISP; permitted by the Saudi Central Bank (SAMA) to test services in its Regulatory Sandbox.

2. Connected to more than 17 million bank accounts, with roughly 90% bank coverage in Bahrain.

3. Single universal API spanning Bahrain, Saudi Arabia and the UAE.

4. Product lines: BaaS, Data, Embedded Finance, Payments (A2A), POS Financing and Auto Financing.

5. Acquired London-based, FCA-authorised A2A payments platform Vyne in 2024.

6. USD 32M Series A led by Pinnacle Capital with Tiger Global, Visa and Aljazira Capital.