BEYON Money
BEYON Money is a Bahrain-licensed digital financial super-app under Beyon Group offering prepaid Visa cards, Fawri+ local transfers, international remittances to 160+ countries, and Sharia-compliant Flexi and Fixed Invest savings products to Bahrain residents and Saudi nationals.
- Company typePrivate
- Founded2021
- HeadquartersManama, Bahrain
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What BEYON Money does
BEYON Money is a Bahrain-licensed digital financial super-app operated by Batelco Financial Services B.S.C. (Closed) within the Beyon Group (formerly Batelco Group). It consolidates prepaid Visa card issuance (Classic, Signature, and the Dough Card for minors), domestic and international money transfers, and Sharia-compliant investment products — Flexi daily-profit savings and Fixed Invest term deposits (1/3/6 months, up to 4.20% p.a.) — into a single iOS/Android application. Primary end users are Bahrain residents aged 18+ with a valid CPR and Saudi Arabian nationals, while the BitOasis Bahrain partnership extends a multi-currency fiat-crypto wallet to all GCC nationals and residents.
The underlying technology stack is partnership-heavy rather than proprietary: KFH Bahrain provides Banking-as-a-Service infrastructure including Fawri+ instant local transfers, virtual accounts, and real-time reconciliation; SwiftX delivers blockchain-powered cross-border payments via stablecoins and distributed ledger technology; SICO Investment Bank manages the Sharia-compliant investment portfolio (capital-protected Bahrain Government Sukuks and Islamic bank deposits, audited by KPMG); Beyon Connect supplies EKEY-B biometric KYC; and BitOasis Bahrain enables the crypto-fiat closed-loop wallet. Distribution combines direct app downloads with embedded channels such as BenefitPay, SADAD kiosks, Apple Pay tokenization, and merchant-side Beyon Money Checkout integration.
Revenue is generated through transaction fees on international remittances (with 10% VAT), FX margins, investment profit-share from the SICO-managed pool, annual card membership fees, Fawri+ local transfer fees (BHD 0.110 per IBAN withdrawal), and merchant take rates from Beyon Money Checkout. The company is privately held with no external funding rounds disclosed, relying on parent-group capital, and reports a headcount of 11-50 with "thousands of users" per its public-facing website.
BEYON Money firmographics
Firmographics- Name
- BEYON Money
- Legal name
- Batelco Financial Services B.S.C. (Closed)
- Website
- https://beyonmoney.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BEYON Money is a Bahrain-licensed digital financial super-app under Beyon Group offering prepaid Visa cards, Fawri+ local transfers, international remittances to 160+ countries, and Sharia-compliant Flexi and Fixed Invest savings products to Bahrain residents and Saudi nationals.
- Ownership category
- akta.pro rank
BEYON Money industry classification
Industry- Product category
- Digital Banking
- NAICS
- Credit Card Issuing (52221), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Finance Services (6199), Personal Credit Institutions (6141)
- akta.pro primary industry
- Super-App Wallets & Mini-Program Payments (FSAMAEAE)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Islamic Retail Banking (FSABAGAA)
Keywords
Where BEYON Money is headquartered
LocationHeadquarters
- HQ city
- Manama
- HQ country
- Bahrain
- HQ region
- Middle East
Offices1 record
Markets served
BEYON Money business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- International Transfer Fees: Transaction fees charged on international money transfers to over 50 countries. Fee calculator available on app showing rates per corridor. VAT charged separately at 10%.
- Card Membership Fees: Annual renewal fees deducted automatically on Signature and Classic cards. SMS notification sent before renewal date. Users can downgrade to Classic Virtual card without fees.
- Investment Profit Share: Beyon Money receives a share of the profit generated from the underlying investment portfolio (Flexi and Fixed Invest). Published profit rates are net to customers.
- Beyon Money Checkout Transaction Fees: Merchant-facing payment solution offering lower transaction costs compared to traditional debit/credit cards. Revenue generated from transaction take rate.
- Fawri+ Local Transfer Fees: Instant local bank transfers in Bahrain using Fawri+ service. Standard transfer fees apply for local IBAN withdrawals.
- FX Margin on Cross-Border Payments: Revenue generated from foreign exchange margins on international transfers and multi-currency transactions. 0% FX markup advertised for card spending abroad.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Fixed Invest - 1/3/6 month term deposits with tiered rates |
| Usage-based | Monthly | Flexi daily profit savings (flexible, no lock-in) |
| Transaction based/ take rate | Pay-as-you-go | Beyon Money Checkout - merchant payment solution |
| Transaction based/ take rate | Pay-as-you-go | International Transfer - remittance pricing |
| Unit Pricing | Pay-as-you-go | Wallet limits - maximum balance and top-up |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels5 records
BEYON Money product offering
Product offeringCore offering
BEYON Money is a mobile financial super app operated by Batelco Financial Services under the Beyon Group in Bahrain. It consolidates prepaid Visa cards (Classic, Signature, and the Dough Card for minors), Sharia-compliant investment products (Flexi daily-profit savings and Fixed Invest term deposits), international remittances to 160+ countries, instant local Fawri+ bank transfers, merchant checkout payments (Beyon Money Checkout), and B2B wallet services (Beyon Money Business) into a single self-serve mobile platform for individual and business users across Bahrain, Saudi Arabia, and the broader GCC.
Differentiator
Problem solved
Functional benefit
Brands
- Flexi: A smart savings/investment product that earns daily profit on idle funds with no lock-in period, offering Shariah-compliant capital-protected returns. Profit is calculated daily and paid monthly. Managed in partnership with SICO Investment Bank.
- Fixed Invest
- Dough Card
- Beyon Money Checkout
- Beyon Money Business
Products and services
- Beyon Money Prepaid Cards (Classic and Signature) Prepaid Visa debit cards issued by Beyon Money for consumer spending, offered in Classic and Signature tiers. Cards provide instant cashback on everyday purchases, support Apple Pay tokenization, and apply 0% FX markup on spending abroad or in other currencies. Annual membership/renewal fees apply to Signature and Classic physical cards. Targeted at registered Beyon Money users in Bahrain and Saudi Arabia.
- Flexi (Daily-Profit Savings) A Sharia-compliant flexible savings product where customers' idle funds earn daily profit at a published monthly rate (e.g., 3.5% p.a.) with no lock-in period. Assets are managed by SICO Investment Bank in a pool of capital-protected Shariah-compliant instruments including Islamic bank deposits and Bahrain Government Sukuks, audited twice yearly by KPMG. Available to registered Beyon Money users.
- Fixed Invest (Term Deposits) A Sharia-compliant fixed-term investment product available in 1, 3, or 6-month tenors with tiered profit rates up to 4.20% p.a. for deposits of BHD 10,000 or more on a 6-month term. Profit rate is locked at placement; principal and full profit are credited to the customer's Flexi balance at maturity. Minimum deposit is BHD 500. Available to registered Beyon Money users.
- Global Money Transfers (International Remittance) A cross-border money transfer service that allows users to send funds to recipients in over 160 countries/territories across South Asia, Southeast Asia, MENA, Europe, and North America with low fees and transparent foreign exchange rates. Maximum BHD 2,000 per day and BHD 5,000 per month; cash-based pickup available via SADAD kiosks in Bahrain. Targeted at Bahrain residents and Saudi nationals (currently unavailable for non-Saudi residents in Saudi Arabia).
- Fawri+ Local Instant Transfers An instant local Bahraini bank transfer service enabling real-time transfers to any bank account in Bahrain via IBAN or QR code scanning, powered by Kuwait Finance House (KFH) Bahrain's Banking-as-a-Service infrastructure. Available to Beyon Money users in Bahrain.
- Dough Card (Prepaid Card for Minors) A parent-managed prepaid card for minors aged 7-17 that enables controlled spending for online and offline purchases, ATM withdrawals, and Apple Pay tokenization (for ages 16 and above). Designed to support financial literacy and parental oversight of children in the Beyon Money app.
- Beyon Money Checkout (Merchant Payments) A merchant-facing digital wallet payment solution that allows customers to pay at partner merchant websites and apps by authenticating with their mobile number, OTP, and Beyon Money card PIN instead of entering card details. Maximum transaction BHD 2,500. Targeted at online merchants in Bahrain seeking lower-cost acceptance versus traditional card processing.
- Beyon Money Business (B2B Digital Wallet) A B2B closed-loop digital wallet offering from Beyon Money providing multi-currency wallet infrastructure that bridges traditional finance and digital assets (crypto) for GCC nationals, residents, and enterprise partners across the GCC, in partnership with BitOasis Bahrain.
Quantifiable outcome
- Up to 4.20% p.a. profit on Fixed Invest (6-month term, BHD 10,000+)
- +5 more outcomes
Companies that use BEYON Money
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
BEYON Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature7 records
BEYON Money partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Kuwait Finance House Bahrain (KFH Bahrain)coreStrategic partnership making KFH Bahrain the primary banking partner for Beyon Money operations. KFH Bahrain provides Banking-as-a-Service infrastructure including Fawri+ instant transfer services, virtual account creation, and real-time reconciliation capabilities. The partnership aims to enhance digital payment solutions and accelerate digital transformation in Bahrain's financial sector for both individual and corporate clients.
- BitOasis Bahrain W.L.L.flagshipLandmark strategic partnership to provide a closed-loop digital wallet solution bridging traditional finance and digital assets across the GCC. The collaboration enables BitOasis Bahrain customers to access secure multi-currency wallets supporting both fiat and crypto transactions. Service available to all GCC nationals and residents with emphasis on regulatory compliance, trust, and financial inclusion.
- Beyon ConnectcoreRelated entity within Beyon Group providing EKEY-B, Bahrain's national biometric digital identity and KYC service. EKEY-B enables customer identity verification through facial biometrics and government-validated data, deployed in collaboration with Bahrain's Information and eGovernment Authority. Partnered with Islamic bank KFH Bahrain, GFH Financial Group, and CFI Financial for EKEY-B launch.
- SwiftXcorePartnership to launch blockchain-powered cross-border payments in Bahrain, utilizing stablecoins and distributed ledger technology. Enables faster, more efficient international transfers using cryptocurrency infrastructure.
- SICO Investment Bank B.S.C. (c)coreTrusted asset management partner for Flexi savings and Fixed Invest products. SICO is a conventional Wholesale Bank licensed by the Central Bank of Bahrain. Manages diversified pool of Shariah-compliant, capital-protected assets including Islamic bank deposits and Bahrain Government Sukuks. Client assets audited twice yearly by KPMG.
Scale indicators5 records
Recent moves6 records
Expansion highlights7 records
BEYON Money competitors and assessment
Company assessmentDirect peers
- BitOasis: Leading MENA-regulated crypto exchange and BEYON Money's strategic partner for the crypto-fiat bridge. Overlaps on multi-currency wallet and digital-asset services within the same GCC regulatory perimeter.
- Careem Pay: Pan-GCC super-app owned by Uber that layers payments, cards, and remittances on top of its ride-hailing and delivery platform. Directly comparable horizontal super-app monetization strategy targeting GCC consumers.
- e& money (Etisalat): UAE telecom-backed digital wallet from e& (formerly Etisalat) offering prepaid cards, remittances, bill payments, and savings products. Operates with the same telecom-anchored super-app playbook BEYON Money is pursuing from Bahrain.
- stc Bank (formerly STC Pay): Saudi Arabia's flagship telecom-backed super-app wallet offering prepaid cards, P2P payments, remittances, and investment products. Closest regional analog to BEYON Money's super-app model, with a far larger addressable market and stronger marketing budget.
- Bank ABC / ila Bank: Bahrain-based digital bank (ila) operated by Bank ABC, offering mobile-first current accounts, cards, remittances, and savings. Most direct in-market Bahrain peer competing for the same Bahrain-resident customer base.
- Al Ansari Exchange: UAE-headquartered remittance and currency exchange leader with growing digital wallet and card offerings. Directly comparable on cross-border transfers and multi-currency prepaid cards across GCC + South Asia corridors.
Regional players
- BENEFIT (Bahrain Electronic Financial Network): Bahrain's national electronic payments switch operator providing Fawri+ instant transfers and BenefitPay wallet. Operates the local transfer rails BEYON Money integrates against and is a Bahrain-domestic competitor on payment acceptance.
- Mada Pay (Saudi Payments Network): Saudi Arabia's national payment scheme and digital wallet infrastructure. Comparable prepaid/debit card and merchant payment functionality, though restricted to the Saudi market.
Emerging players
- Tabby: MENA-headquartered consumer fintech offering cards, payments, and shopping experiences across Saudi Arabia, UAE, and Kuwait. Adjacent competitor for the same young, digitally-native GCC consumer wallet share.
Broad incumbents
- Kuwait Finance House (KFH): Region's largest Islamic bank, also BEYON Money's BaaS infrastructure partner. Comparable on Islamic banking products (savings, term deposits) and digital channels, though KFH operates at full-bank scale across multiple GCC markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
BEYON Money social profiles
Digital presenceBEYON Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
BEYON Money leadership team
Management profileNumber of profiles
Profiles1 record
BEYON Money funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BEYON Money M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BEYON Money
What does BEYON Money do?
BEYON Money is a mobile financial super app operated by Batelco Financial Services under the Beyon Group in Bahrain. It consolidates prepaid Visa cards (Classic, Signature, and the Dough Card for minors), Sharia-compliant investment products (Flexi daily-profit savings and Fixed Invest term deposits), international remittances to 160+ countries, instant local Fawri+ bank transfers, merchant checkout payments (Beyon Money Checkout), and B2B wallet services (Beyon Money Business) into a single self-serve mobile platform for individual and business users across Bahrain, Saudi Arabia, and the broader GCC.
Is BEYON Money a public or private company?
BEYON Money is a private company. It is classified as corporate owned and is currently operating.
When was BEYON Money founded?
BEYON Money was founded in 2021. It employs 11 to 50 people.
Where is BEYON Money based?
BEYON Money is headquartered in Manama, Bahrain, in the Middle East region.
How does BEYON Money make money?
Six revenue lines are on record. International Transfer Fees are the primary driver. The others are card Membership Fees, investment Profit Share, beyon Money Checkout Transaction Fees, fawri+ Local Transfer Fees and FX Margin on Cross-Border Payments.
Who are BEYON Money's main competitors?
Direct peers on record are BitOasis, Careem Pay, e& money (Etisalat), stc Bank (formerly STC Pay), Bank ABC / ila Bank and Al Ansari Exchange. Regional players are BENEFIT (Bahrain Electronic Financial Network) and Mada Pay (Saudi Payments Network). Tabby is listed as an emerging player. Kuwait Finance House (KFH) is listed as a broad incumbent.
Does BEYON Money have an API?
No public API is recorded for BEYON Money.
What industry is BEYON Money in?
BEYON Money's product category is Digital Banking. Its primary akta.pro industry code is FSAMAEAE, Super-App Wallets & Mini-Program Payments, with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 52221 and its SIC code is 6199.