BEYON Money

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.

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

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

• Digital banking platform
• Remittance services
• Prepaid card issuing
• Sharia-compliant investments
• Mobile payments app

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 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%.
2. 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.
3. 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.
4. 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.
5. Fawri+ Local Transfer Fees: Instant local bank transfers in Bahrain using Fawri+ service. Standard transfer fees apply for local IBAN withdrawals.
6. 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

Go-to-market motion2 records

Distribution channels7 records

Marketing channels5 records

Core 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

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Kuwait Finance House Bahrain (KFH Bahrain)coreTechnology or Integration · 19 February 2026Strategic 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.flagshipStrategic or Co-development Partner · 17 February 2026Landmark 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 ConnectcoreTechnology or Integration · 16 January 2026Related 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.
• SwiftXcoreTechnology or Integration · 9 December 2025Partnership 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)coreTechnology or IntegrationTrusted 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

Direct 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

• Xx.com/beyonmoney
• Facebookfacebook.com/beyonmoney
• LinkedInlinkedin.com/company/beyonmoney

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about BEYON Money