Startup Atlas
Founded
2023
Headquarters
Saudi Arabia
Disclosed funding
$329.5M
Stories
5
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.
Founders
Ahmed Alenazi
Sep 2026 · Series A (valuation $1.85B)
Noon Investments, Sohar International Bank, M20 Fund
$329.5M
MENA Funding Report · 14 Oct 2026MENA Startup Funding Reaches $1.65B in Q3 2026 on Saudi Fintech DealsMENA Funding Report · 12 Oct 2026MENA startup funding hits $1.65bn in Q3 as Saudi Arabia retakes the leadMENA Funding Report · 7 Oct 2026MENA startup funding hits $1.1 billion in September on three Saudi fintech dealsFintech · 16 Sept 2026barq Raises US$329.5M to Become Saudi Fintech UnicornFintech · 15 Sept 2026barq and Mastercard Signal Broader Payments Push at Money20/20 Middle East
