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Funding & Investment
Saudi Payments Firm Barq Raises $329.5M Series A at $1.85B Valuation
Tariq Benali
Startup Atlas
barq
Fintech
barq is a Riyadh-based digital payments company licensed by the Saudi Central Bank, offering an app for payments, transfers and other financial services. It was founded in 2023 by Ahmed Alenazi, a former chief executive of stc pay, launched to users in 2024, and became a unicorn in September 2026.
- Headquarters
- Riyadh, Saudi Arabia
- Founded
- 2023
- Founders
- Ahmed Alenazi
Funding
- Series A (valuation $1.85B)$329.5M— Noon Investments, Sohar International Bank, M20 FundSep 2026
