Founded in 2020 by Rasha Al-Oraini and Hashem Al Hekail, Bwatech offers an integrated web and mobile platform that digitises bank guarantees, corporate account management, and open-banking connectivity. Its APIs plug directly into companies’ internal financial systems, allowing seamless data exchange and streamlined treasury operations. The startup operates inside the Saudi Central Bank (SAMA) regulatory sandbox, giving it a supervised environment to test and scale new fintech products. Bwatech’s core mission is to build a digital-first financial infrastructure that boosts efficiency for Saudi corporates and supports the Kingdom’s Vision 2030 digital transformation goals. With fresh capital in hand, the company plans to broaden its product suite, deepen API functionality, and expand nationwide reach. Although no operating metrics were disclosed, the recent financing underscores strong investor confidence in Bwatech’s growth prospects within Saudi Arabia’s fast-growing fintech sector.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2025