Jordan – Saudi Arabia
February, – 2023
Pio-Tech is proud to announce its strategic partnership with Fintech Buddy, a one-stop platform in Saudi Arabia offering a range of professional services for new businesses. This collaboration aims to provide top-notch technical solutions and expert consulting services to fintech and financial service clients in the region. The partnership between Fintech Buddy and Pio-Tech aims to expand their reach and bring innovation to the financial industry in Saudi Arabia.
“Ms. Nasreen Alissa, the founder of Fintech Buddy, stated, “We are proud to bring this cutting-edge technology to the financial industry in Saudi Arabia. Pio-Tech is one of the leading financial solution providers in the region and their expertise and reputation spurred us onto putting our trust in them and starting this collaboration.”
Mr. Tariq Saffarini, CEO of Pio-Tech, expressed his delight and stated: “I am thrilled to welcome Fintech Buddy to our list of trusted partners and announce our collaboration. This partnership will bring even greater value to our clients and further solidify Pio-Tech’s commitment to innovation in the fintech industry.”
About Fintech Buddy:
Fintech Buddy Saudi Arabia, sponsored by The Law Firm of Nasreen Alissa, is a comprehensive platform that offers professional services including consulting, licensing, regulatory compliance, legal, and technology. It supports startups and international foreign companies in meeting their fintech license requirements and helps innovative tech startups achieve their goals.
Pio-Tech is a leading provider of development, digital transformation solutions, and business acceleration in the banking industry in the Middle East and Africa. Utilizing advanced and modern technologies, Pio-Tech has established a reputation for its range of innovative banking solutions and systems since its establishment in 2003. The company is dedicated to improving internal services in the banking and technology sectors, providing real value for its clients in local and global financial markets. With a proven track record of success, Pio-Tech has helped over 80 financial sector clients in more than 20 countries across the Middle East and Africa grow their businesses.
Fintech in Saudi Arabia / By Fintech
Bahrain FinTech Bay one of the leading fintech hubs in the MENA region have signed a collaboration agreement with Fintech Buddy Saudi Arabia, the first and only platform in Saudi Arabia that is a one-stop shop platform, providing professional services (Consulting, Licensing, Regulatory, Compliance, Application and Operational requirements, Legal and Technology). The entities shall work together to help startups and international foreign companies with their fintech license application requirements.
Riad & Riad and Fintech Buddy Saudi Arabia join forces for Fintech empowerment
Fintech Buddy Saudi Arabia, a one-stop shop platform that provides professional services for startups and foreign companies (sponsored by The Law Firm of Nasreen Alissa), signed a Memorandum of Understanding (MoU) with Riad & Riad Law Firm, a full-service law firm focusing on corporate law matters such as corporate compliance, capital market, data privacy, company formation, labour and employment, and dispute resolution.
Through this partnership, the two parties will join hands to support Egypt-based Fintechs who are planning to expand to Saudi Arabia and vice versa.
Commenting on the agreement, Fatma Salah, partner at Riad & Riad Law Firm (pictured left) said, “Our partnership will first aim to formalize the mutual interaction and enhance our abilities to provide seamless client services in Egypt and KSA.” Salah continues “Egypt presents a huge potential for fintech and wider digital transformation having a population of over 110 million while around two-thirds of it is still unbanked. Over the last five years, the growth in venture capital investment increased from around USD1 million raised in three fintech deals in 2017, to reach more than USD159 million last year with 32 fintech deals.”
Commenting on the agreement, Nasreen Alissa, founder at Fintech Buddy Saudi Arabia (pictured right) said, “In line with the Kingdom’s Vision 2030, Saudi Arabia is emerging as an attractive hub for global companies looking to expand their operations and establish their regional offices. Moreover, the Saudi authorities have been lately putting efforts to develop a diversified and effective fintech sector, increase the number of active fintechs to 525, and create 18,000 fintech jobs by 2030. Fintech sector is one of the fastest growing areas of development in the Kingdom.”
Fintech Buddy and Bayan Advisers partner together
to provide advisory services in the fintech industry in Saudi Arabia
The partnership combines Bayan Advisers expertise in management consulting services with Fintech Buddy’s range of professional services for new businesses in the financial technology (fintech) industry. This partnership aims to provide advisory services in fintech, small and medium size enterprises and the financial services sectors.
Ms. Nasreen Alissa, the founder of Fintech Buddy, stated, “We are honored to bring this unique management consulting services in the fintech and financial services industry in Saudi Arabia, as it will provide high quality advisory services. Bayan Advisers has solid and market relevant experience in the financial services sector in the region.”
Mr. Issam Elmuhtadi, founder at Bayan Advisers, expressed his delight stating, “Our partnership with Fintech Buddy is strategic and we are confident it will serve as a catalyst to expand our foot print in Saudi Arabia by offering the customized practical solutions Bayan Advisers is renowned for in the financial sector as well as for micro, small and medium enterprises.”
About Fintech Buddy:
Fintech Buddy Saudi Arabia, sponsored by The Law Firm of Nasreen Alissa, is a platform that offers professional services in the fintech industry (consulting, licensing, regulatory compliance, legal, and technology). It supports startups and international foreign companies in meeting their fintech license requirements and helps innovative tech startups achieve their goals.
About Bayan Advisers:
Bayan Advisers is a boutique management consultancy with a data-driven, collaborative approach to success. We work with our clients to catalyze potential into long-term, sustainable impact We specialize in the Middle East and North Africa’s emerging markets, ensuring that every solution is rooted in first-hand, regionally-relevant knowledge and decades worth of expertise. Since 2009, Bayan has successfully completed more than 125 projects in the region.