انجاز | Enjaz

What انجاز | Enjaz does

Enjaz Payment Services Company (انجاز) is a Saudi Closed Joint Stock Company incorporated and licensed by the Saudi Central Bank as a fintech service provider under decree No.19/M U M/1443 dated 31 July 2022, headquartered in Riyadh. The company operates the Enjaz Pay App, a mobile-first payment platform that consolidates real-time international money transfers, Enjaz Card management, Sadad bill payments, and Musaned-based household salary disbursement into a single consumer application, with a Local Transfers feature listed as coming soon. Its underlying technology is a mobile application distributed across iOS App Store, Google Play Store, and Huawei App Gallery, integrating directly with national payment infrastructure (Sadad for bills, Musaned for salaries) rather than operating as a standalone ledger.

Enjaz earns revenue primarily through transaction-based fees on international transfers, card services, and bill payment processing, with publicly disclosed fee schedules hosted at /en/fees-and-charges. Its go-to-market is product-led growth aimed at individual consumers in Saudi Arabia using a horizontal segmentation approach, with top-of-funnel demand generation through TikTok, X, Instagram, LinkedIn, and Facebook, and bottom-of-funnel conversion through app store downloads. The company reports 446 employees and operates from a single Riyadh office at Al Mutamarat 8229, Riyadh 3952 - 12711. There is an indirect distribution relationship with Bank AlBilad via the enjaz.bankalbilad.com domain, though the company is independently regulated by SAMA and holds the Enjaz trademark and enjaz.com domain in its own name.

Name

انجاز | Enjaz

Legal name

Enjaz Payment Services Company

Website

https://enjaz.bankalbilad.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

251–500 employees

Short description

Enjaz Payment Services Company is a Saudi Central Bank-licensed fintech operating the Enjaz Pay mobile app, providing international transfers, Enjaz Card management, Sadad bill payments, and Musaned household salary disbursement to individual consumers in Saudi Arabia.

Ownership category

akta.pro rank

Product category

Digital Payments and Remittance Services

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industry

Instant Payouts & Earned Wage Access (EWA) (FSAMAKAM)

Keywords

• Remittance services
• Digital payments
• Mobile banking
• Bill payment services
• Payment cards

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. International Transfer Fees: Fees charged for international money transfer services
2. Card Services: Revenue from Enjaz Card management and usage
3. Bill Payment Services: Fees associated with Sadad bill payment processing

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Enjaz is a Saudi fintech that provides a mobile payment platform (Enjaz Pay App) enabling individual consumers to send real-time international money transfers, manage Enjaz Cards for everyday payments, pay Sadad bills in one place, and disburse Musaned household salaries. The company is licensed by the Saudi Central Bank as a fintech service provider and operates under the Bank AlBilad digital infrastructure.

Product overview

Enjaz (انجاز) is a Saudi-based fintech company operating as Enjaz Payment Services Company, a Saudi Closed Joint Stock Company. The company offers a unified mobile payment platform called Enjaz Pay App that provides international money transfers, card management, bill payments, and household salary disbursement services. The core product is the Enjaz Pay mobile application, supplemented by Enjaz Cards for everyday payments. Services include real-time international transfers, Sadad bill payments, and Musaned salary processing. Local transfers are listed as Coming Soon.

Differentiator

Problem solved

Functional benefit

Brands

• Enjaz Pay App: Mobile application for international and local transfers, card management, bill payments, and household salary disbursements

Products and services

• Enjaz Pay App Mobile application that enables Saudi consumers to send real-time international transfers, manage Enjaz Cards, pay Sadad bills, and disburse Musaned household salaries from a single app.
• International Transfers Real-time cross-border money transfer service that allows Saudi users to send money globally through the Enjaz Pay App.
• Enjaz Cards Digital payment card for everyday consumer transactions, managed through the Enjaz Pay App.
• Bill Payments Service allowing Saudi consumers to pay Sadad bills and household bills in one place through the Enjaz Pay App.
• Household Salaries Service that allows Saudi households to pay domestic worker salaries through the Musaned system with no hassle, via the Enjaz Pay App.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Wise: Public digital cross-border payments company offering low-cost international transfers to Saudi-based customers. Directly comparable on cross-border transfer mechanics, multi-currency handling, and fee-based revenue model.
• Remitly: US-listed digital remittance company serving migrant senders including large Saudi Arabia-to-South Asia and GCC corridors. Directly comparable to Enjaz's flagship international transfer product on business model and user segment.
• Hala: Consumer fintech launched by Al Rajhi Bank to serve Saudi retail users with digital payments and money management. Operates as the closest bank-backed analogue to Enjaz Pay App in the same Kingdom consumer segment.
• STC Pay: Saudi-based mobile wallet and consumer fintech offering payments, transfers, and card services to individuals across the Kingdom. Directly competes with Enjaz Pay App for the same consumer fintech user base with an overlapping product set.

Broad incumbents

• Alinma Bank: Saudi digital-first bank providing retail banking, transfers, cards, and salary payments to consumers across the Kingdom. Competes with Enjaz in the same consumer payments segment from a broader banking and balance-sheet base.
• MoneyGram: Global money transfer operator with established Saudi footprint and a growing digital channel. Overlaps with Enjaz on cross-border remittances while operating a much wider retail and digital distribution network.
• Al Rajhi Bank: Largest Saudi bank offering full retail banking, remittances, cards, and salary payments that overlap with Enjaz's offerings. Operates from a broader capital base, deeper customer trust, and through its Hala fintech subsidiary.
• Western Union: Global incumbent in international money transfers with deep presence in Saudi Arabia. Competes with Enjaz's international transfer service from a vastly larger agent network, broader corridor coverage, and established brand recognition.

Emerging players

• HyperPay: Saudi payment service provider operating digital payments infrastructure for merchants and consumers in the Kingdom. Adjacent comparator on payment technology stack and Saudi fintech ecosystem presence, though more merchant-side than consumer-app.

Others

• Bank AlBilad: Major Saudi bank whose domain hosts Enjaz's web presence (enjaz.bankalbilad.com), indicating affiliation or partnership. Acts as a potential infrastructure partner and competitor in retail digital payments but is not a pure direct competitor in the consumer fintech niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/enjaz
• Facebookfacebook.com/enjazsa
• LinkedInlinkedin.com/company/enjazsa
• Instagraminstagram.com/enjazsa
• TikToktiktok.com/@enjaz

Revenue estimate

Valuation estimate

Number of profiles

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 انجاز | Enjaz