What Tarabut does

Tarabut is a regulated open banking and embedded finance infrastructure platform founded in 2017 in Bahrain, operating across Bahrain, Saudi Arabia, the UAE, and the United Kingdom. The company provides API-based Account Information Services (AIS) and Payment Initiation Services (PIS) that connect banks, fintechs, and merchants, with regulatory registrations in each market - AISP/PISP under the Central Bank of Bahrain, AIS Retail Provider status within the SAMA Regulatory Sandbox in Saudi Arabia, and in-principle approval from the Central Bank of the UAE. Tarabut's product portfolio is built on a unified open banking API layer (branded as Connect, BaaS, Data, Embedded Finance, and Payments modules) and includes specialised offerings for income verification, IBAN account verification via the SARIE instant payment rail, POS-based SME financing, and embedded auto finance. In August 2024 the company acquired London-based Vyne to add real-time account-to-account payment processing (branded TG Pay), and in January 2026 it acquired Bahrain-based Servable.dev to integrate synthetic data generation, secure model training, and a governed AI deployment gateway.

Tarabut monetises through a combination of subscription and usage-based recurring fees on its open banking and BaaS APIs, transaction fees on A2A payments routed through TG Pay, and AI-enabled data services for credit risk, income verification, and fraud detection. Go-to-market combines an API-first/developer-led motion (sandbox and developer portal at docs.tarabut.com, python SDK) with direct enterprise field sales to regional banks and large fintechs, supplemented by co-marketing with strategic partners such as Visa, Geidea, and BENEFIT. The company serves three primary customer segments: banks and financial institutions seeking open banking compliance and BaaS infrastructure (SNB, SAB, Alinma, Bank Aljazira, GIB, Al Baraka, BisB), fintechs and digital lenders building on Tarabut's connectivity (Arib, FLOOSS, Rain, American Express Saudi Arabia, MUHIDE), and SMEs accessing embedded financing through POS and dealer channels.

Tarabut is privately held under Tarabut Holding Limited (Bahrain), with operating subsidiaries in Bahrain, the DIFC, Saudi Arabia, and the UK. It has raised approximately $44M across a $13M Seed (2021, Target Global), a $12M Pre-Series A (November 2021, Tiger Global), and a $32M Series A (May 2023, Pinnacle Capital led, with Aljazira Capital, Visa, and Tiger Global). Key executives include Founder & CEO Abdulla Almoayed, CFO Tariq Sanad (ex-Careem, ex-Pure Harvest Smart Farms), COO Chun Ong, CCO Adnan Erriade, and CPO Nino Ocampo. Headcount sits in the 51-100 range, with CTO Mitul Sudra having departed after a four-year tenure.

Name

Tarabut

Legal name

Tarabut Holding Limited

Website

https://tarabut.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Tarabut is MENA's largest regulated open banking platform, providing API infrastructure for account data, payments, AI-powered income verification, and embedded finance to banks, fintechs, and SMEs across Bahrain, Saudi Arabia, UAE, and the UK.

Ownership category

akta.pro rank

Product category

Open Banking Infrastructure

SIC

Finance Services (6199)

akta.pro primary industry

Open Banking APIs & Connectivity (FSAMAFAA)

akta.pro secondary industries

Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI), Payment Gateways & API Connectivity (FSAGABAB), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)

Keywords

• Open banking infrastructure
• Embedded finance platform
• Banking-as-a-service APIs
• Payment initiation services
• Account information services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. API / BaaS Platform Fees: Subscription or usage-based fees charged to banks, fintechs, and merchants for access to open banking APIs, data services, and compliance infrastructure. Revenue derived from developer portal and enterprise contracts.
2. Payment Initiation / Transaction Fees: Transaction fees on A2A payments initiated through TG Pay and PIS services, including Vyne-acquired payment flows. Revenue tied to payment volume processed across connected merchants and banks.
3. AI & Data Services: Revenue from AI-powered income verification, credit risk assessment, fraud detection, and compliance automation services delivered to banks and fintechs via API.
4. Embedded Finance / POS Financing: Revenue from POS financing and embedded finance solutions where Tarabut's infrastructure connects lenders with SME borrowers through acquirer and bank integrations, potentially earning origination or commission fees.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Tarabut provides an open banking and embedded finance API platform that connects banks, fintechs, and businesses for account information services (AIS), payment initiation services (PIS), AI-powered income verification, and point-of-sale financing across Bahrain, Saudi Arabia, and the UAE. Its unified infrastructure enables financial institutions to meet open banking regulatory mandates while letting fintechs and merchants embed credit, payments, and verification capabilities directly into their user journeys.

Product overview

Tarabut operates as a unified open banking and embedded finance platform offering a modular product portfolio built around its core open banking infrastructure. The platform provides BaaS infrastructure, Data analytics, Embedded Finance, and Payments as the primary solution categories, supplemented by specialized modules including Income Verification, Account Verification, POS Financing, and Auto Finance. The Developer Portal enables API access for integration. Tarabut has expanded through acquisitions including Vyne (A2A payments) and Servable (AI capabilities), positioning the platform as an AI-native financial infrastructure provider across Bahrain, Saudi Arabia, and UAE.

Differentiator

Problem solved

Functional benefit

Brands

• TG Pay: Instant payments service launched by Tarabut Gateway providing real-time account-to-account payment capabilities
• TG Connect
• Pre-Check

Products and services

• Tarabut Open Banking Platform MENA's first and largest regulated open banking platform enabling secure API connectivity between banks, fintechs, and financial institutions for account information services (AIS) and payment initiation services (PIS) across Bahrain, Saudi Arabia, and the UAE.
• Banking-as-a-Service (BaaS) Infrastructure Open finance infrastructure API layer enabling fintechs and businesses to build compliant financial services with premium APIs that unlock value beyond regulatory standards, covering open banking data access, payment initiation, and embedded finance capabilities.
• Embedded Finance Embedded finance infrastructure enabling financing capabilities to be embedded into everyday business touchpoints including POS systems, dealer networks, and marketplaces, so end-customers can access credit at the point of need without leaving their existing journey.
• Payments (TG Pay / A2A Payments) Account-to-account (A2A) payment infrastructure enabling fast, secure instant payments with real-time transactions via open banking rails, eliminating card processing middlemen and achieving high conversion rates.
• POS Financing Embedded point-of-sale financing solution enabling SMEs to access instant working capital directly from POS systems based on real-time transaction data, eliminating collateral requirements and paperwork.
• Auto Finance Embedded auto financing solution enabling instant eligibility verification at dealerships and marketplaces through QR codes and smart links, powered by real-time income data and open banking, delivering pre-qualified leads to lenders.
• Income Verification Real-time salary and income verification service using AI to analyse open banking transaction data and identify salary credits, enabling credit decisioning without manual document review. Available via the Connect consent flow or via a Direct Input API for pre-verified transaction ingestion.
• Account Verification (IBAN Verification) IBAN ownership verification service available both via open banking consent and via direct SARIE integration, supporting National ID, Iqama, and Commercial Registration verification across Saudi banks connected to Sarie, including SNB, SAB, AlRajhi, and Alinma.

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature9 records

Partnerships

18 partnerships are on record, tiered flagship, core and supporting.

• GeideaflagshipStrategic or Co-development PartnerStrategic MoU signed November 2024 to explore and develop SME financing solutions in Saudi Arabia. Geidea processes over 75% of Saudi Arabia's POS transactions daily. Partnership combines Tarabut's decisioning technology and bank network with Geidea's merchant POS reach to deliver instant embedded financing to SMEs. Addresses SAR 300B+ SME financing gap and aligns with Vision 2030. Subject to SAMA regulatory approvals.
• GeideaflagshipStrategic or Co-development PartnerExpanded from MoU to active partnership with Geidea and Saudi National Bank to launch a first-of-its-kind POS lending solution for SMEs. Tarabut provides the infrastructure connecting Geidea's POS data with SNB's lending capabilities for instant SME financing.
• BENEFITflagshipTechnology or IntegrationOpen banking partnership in Bahrain with the BENEFIT Company, the national payments network. Partnership launched open banking authentication solution in Bahrain, enabling centralised secure authentication for open banking consent flows. Benefited from BENEFIT's authentication method aligned with CBB Rulebook and May 2024 embedded-consent circular.
• FLOOSScoreTechnology or IntegrationPartnership with FLOOSS in Bahrain's first-of-its-kind centralised open banking authentication, creating a seamless, secure consumer experience and setting global standards. FLOOSS uses Tarabut's income verification to enable instant loan approvals for consumers.
• AribcoreTechnology or IntegrationArib, a digital gateway connecting users with offers from 25+ banks, partnered with Tarabut to integrate real-time income verification and IBAN validation. Partnership enables faster loan approvals, fewer drop-offs, and personalised financial product matching for Saudi consumers and SMEs.
• MUHIDEcoreStrategic or Co-development PartnerStrategic partnership with MUHIDE, a B2B trade transaction governance platform, to provide embedded SME financing within trade environments. Partnership enables instant, secure financing at point of need for SMEs in Saudi Arabia. Combines Tarabut's embedded finance with MUHIDE's transaction authentication and rights protection.
• Eazy Financial Services (Eazypay)coreTechnology or IntegrationPartnership to deliver SME POS financing in Bahrain through Eazypay POS terminals. Tarabut's infrastructure connects Eazypay's transaction data with lender systems to enable SMEs to access working capital based on real-time sales performance without collateral or paperwork.
• Bahrain Islamic Bank (BisB)coreTechnology or IntegrationPartnership to empower SMEs with digital financing solutions addressing access challenges for SMEs and corporates in Bahrain. Aligned with Bahrain Vision 2030 for SME empowerment and economic growth.
• American Express Saudi ArabiacoreTechnology or IntegrationGround-breaking open banking experience within the Amex Saudi Arabia mobile app, transforming credit accessibility for a broader segment of customers. Tarabut provides the open banking infrastructure enabling real-time financial data access for credit decisions.
• RainsupportingTechnology or IntegrationOpen banking API partnership enabling Rain, a cryptocurrency platform, to leverage Tarabut's bank connectivity for accessing financial data services. Rain users can connect bank accounts via Tarabut's open banking APIs.
• TamkeensupportingTechnology or IntegrationPartnership with Tamkeen, Bahrain's labour fund, to offer IBAN verification services. Tarabut's open banking infrastructure enables businesses to verify IBAN accounts for Tamkeen-related processes.
• Saudi National Bank (SNB)flagshipTechnology or IntegrationSNB, Saudi Arabia's largest financial institution, partnered with Tarabut and Geidea to launch a first-of-its-kind POS lending solution for SMEs. Tarabut provides the technology infrastructure connecting Geidea's POS data with SNB's lending platform for instant SME financing at point of sale.
• QararcoreTechnology or IntegrationPartnership with Qarar, a credit decision technology provider, to enhance the use of open banking data for automated credit decisions. Tarabut provides the open banking data layer while Qarar contributes decision technology. Zaid Kamhawi, CEO of Qarar, noted the partnership supports financial institutions serving customers across the region.
• Al Baraka Islamic BankcoreTechnology or IntegrationAl Baraka Islamic Bank became the first bank in Bahrain to achieve open banking compliance for corporate APIs, powered by Tarabut. This milestone reaffirms Bahrain's position as a regional leader in open banking innovation.
• ONE AppsupportingTechnology or IntegrationONE App, Bahrain's first comprehensive digital financial marketplace, partnered with Tarabut alongside AWS to enhance the future of digital financial solutions. Tarabut contributes open banking infrastructure and data services to the marketplace ecosystem.
• Amazon Web Services (AWS)supportingOthersAWS joined ONE App as a key partner alongside Tarabut to contribute to the development and enhancement of digital financial solutions in Bahrain. AWS provides cloud infrastructure supporting the ONE App digital financial marketplace.
• VyneflagshipOthersVyne, a London-based real-time A2A payments platform, was acquired by Tarabut in August 2024. The acquisition enabled Tarabut to expand A2A payment services into the UK and other Middle Eastern markets, starting with Bahrain, as new PIS and open finance regulations came into effect in Saudi Arabia and UAE. Deal approved by UK and Saudi regulators.
• ServableflagshipOthersServable, a Bahrain-founded full-stack AI engineering company purpose-built for regulated industries, was acquired by Tarabut in January 2026. Acquisition marks Tarabut's evolution from open banking infrastructure to AI-native financial platform. Servable brings synthetic data generation, secure model training, and governed AI deployment capabilities for income verification, credit risk, and fraud detection.

Scale indicators6 records

Recent moves7 records

Expansion highlights8 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tarabutgateway
• Xx.com/TarabutGateway

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds6 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tarabut