23. Tarabut Gateway

Date of Establishment: 2018
Headquarters: U.A.E.
Description: Open banking platform
Founder: Abdulla Almoayed

Tarabut Gateway is a regulated open banking platform that provides a data and payments infrastructure that enables banks, Fintechs, and merchants to build advanced financial products and services. The platform has offices across Bahrain, the U.A.E., and Saudi Arabia. It works with 35 banks in MENA, including 22 banks covering 90% of Bahrain, and 11 banks In Saudi Arabia, including Riyad Bank, Saudi British Bank, Alinma Bank, and Banque Saudi Fransi. Tarabut Gateway is engaged with over 60 Fintech companies in MENA and recently partnered with the Saudi micro-lending company Tamam—a subsidiary of Zain—to provide it with Account Information Services.