انجاز | Enjaz
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.
- Company typePrivate
- Founded2022
- HeadquartersRiyadh, Saudi Arabia
- Headcount251–500
- GTM typeB2C
- OfferingServices
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.
انجاز | Enjaz firmographics
Firmographics- 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
انجاز | Enjaz industry classification
Industry- 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
Where انجاز | Enjaz is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
انجاز | Enjaz business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- International Transfer Fees: Fees charged for international money transfer services
- Card Services: Revenue from Enjaz Card management and usage
- Bill Payment Services: Fees associated with Sadad bill payment processing
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transfer services with associated fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
انجاز | Enjaz product offering
Product offeringCore 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.
Companies that use انجاز | Enjaz
Customer profileSegments1 record
Ideal customer profiles1 record
انجاز | Enjaz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
انجاز | Enjaz partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights5 records
انجاز | Enjaz competitors and assessment
Company assessmentDirect 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
انجاز | Enjaz social profiles
Digital presenceانجاز | Enjaz financial estimates
Financial estimateRevenue estimate
Valuation estimate
انجاز | Enjaz leadership team
Management profileNumber of profiles
انجاز | Enjaz funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
انجاز | Enjaz 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 انجاز | Enjaz
What does انجاز | Enjaz do?
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.
Is انجاز | Enjaz a public or private company?
انجاز | Enjaz is a private company. It is classified as unknown and is currently operating.
When was انجاز | Enjaz founded?
انجاز | Enjaz was founded in 2022. It employs 251 to 500 people.
Where is انجاز | Enjaz based?
انجاز | Enjaz is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does انجاز | Enjaz make money?
Three revenue lines are on record. International Transfer Fees are the primary driver. The others are card Services and bill Payment Services.
Who are انجاز | Enjaz's main competitors?
Direct peers on record are Wise, Remitly, Hala and STC Pay. Broad incumbents are Alinma Bank, MoneyGram, Al Rajhi Bank and Western Union. HyperPay is listed as an emerging player. Bank AlBilad is listed as an others.
Does انجاز | Enjaz have an API?
No public API is recorded for انجاز | Enjaz.
What industry is انجاز | Enjaz in?
انجاز | Enjaz's product category is Digital Payments and Remittance Services. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAMAKAM, Instant Payouts & Earned Wage Access (EWA). Its SIC code is 6199.