What is Tarabut?
Tarabut Gateway is recognized as MENA's premier and largest regulated Open Banking platform. It establishes a comprehensive regional network connecting banks and FinTech companies through a unified API. This innovative approach facilitates seamless data exchange and service integration within the financial ecosystem, positioning Tarabut Gateway as a critical enabler of digital transformation in the Middle East and North Africa.
How much funding has Tarabut raised?
Tarabut has raised a total of $57M across 3 funding rounds:
Angel/Seed
$13M
Other Financing Round
$12M
Series A
$32M
Angel/Seed (2021): $13M with participation from Target Global
Other Financing Round (2021): $12M led by Tiger Global
Series A (2023): $32M supported by Pinnacle Capital, Tiger Global, and Visa
Key Investors in Tarabut
Pinnacle Capital
Pinnacle Capital LLC provides private equity and later-stage venture capital solutions, focusing on real estate development opportunities worldwide and offering innovative financing backed by a seasoned network.
Tiger Global
Tiger Global is an independent contract manufacturing and sourcing group headquartered in the United Kingdom, known for its investments in technology companies.
Target Global
Target Global is a pan-European technology investment firm with a significant portfolio of investments across all stages, focusing on building groundbreaking companies with a global network.
What's next for Tarabut?
The substantial enterprise-level funding and recent strategic investment indicate Tarabut Gateway is poised for significant scaling and expansion. This capital infusion will likely fuel further development of its open banking infrastructure, enhance its regulatory compliance capabilities, and broaden its market reach across the MENA region. The company is well-positioned to capitalize on the growing demand for secure and efficient financial data connectivity, potentially leading to further strategic partnerships and market leadership.
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