41. Tarabut Gateway

Total funding: $25 million
Open banking platform
Founder: Abdulla Almoayed
Nationality: Bahraini
Investors: Tiger Global Management, Target Global
Headquarters: U.A.E.
Date of establishment: 2018

Tarabut Gateway is a regulated open banking platform that provides data and payments infrastructure that enables banks, Fintechs and merchants to build advanced financial products and experiences. The platform has a market presence in Bahrain, the U.A.E., and Saudi Arabia. In May 2022, it announced partnerships with Riyad Bank, Saudi British Bank, Alinma Bank, and Banque Saudi Fransi. The company claims to have acquired 90% bank coverage in Bahrain.