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# Saudi Arabia’s Barq raises $329.5 million in Series A funding round
- URL: https://www.theglobalbanker.com/saudi-arabias-barq-raised-329-5-million-in-series-a-funding-round/
- Published: 2026-09-16T11:38:08.000Z
- Updated: 2026-10-02T01:12:58.000Z
- Description: Saudi digital payments company Barq raised $329.5 million in Series A funding at a $1.85 billion valuation, with participation from Noon Investments, Sohar International Bank and M20 Fund.
- Author: TGB Editorial Team
- Tags: Fintech, MENA

Saudi digital payments company Barq announced on 15 September that it had closed a $329.5 million Series A funding round. The transaction valued the company at $1.85 billion. Noon Investments, Sohar International Bank and M20 Fund participated.

#### USE OF FUNDS AND SERVICES

The funding will support product development, operational efficiency and entry into additional markets, the company said. The business provides digital-wallet and international-remittance services.

The company reported more than 15 million users and cumulative funds processed exceeding SAR440 billion.

#### EXPANSION AND PARTNERSHIPS

Barq’s stated next phase includes expansion into regional and international markets. The company has also announced agreements with Mastercard, UnionPay International and Geidea.