In a major move to support the Kingdom’s growing fintech ecosystem, Arab National Bank (ANB) has launched its first fintech accelerator program in partnership with global venture capital giant Plug and Play.
The initiative targets early-stage fintech startups in Saudi Arabia, offering them investment, mentorship, and international growth opportunities under the aptly named “Goal Program.”
This launch marks a significant step in ANB’s ongoing commitment to drive innovation in financial services, aligning closely with the Financial Sector Development Program (FSDP)—a core pillar of Saudi Vision 2030.
Plug and Play, known as the largest early-stage investor in tech startups worldwide, brings its global expertise to the Kingdom’s fintech scene through this collaboration. Together with ANB, the accelerator aims to fast-track the development of promising fintech startups by equipping them with the tools, mentorship, and exposure needed to scale their ventures.
Participating startups won’t just get access to funding—they’ll receive hands-on guidance, strategic networking opportunities, and a chance to expand globally.
The standout performer of the cohort will benefit from the Goal Program, designed to help startups track their growth trajectory, connect with global investors, and break into new markets.
How ANB is Driving Vision 2030 Forward
Omar Al-Aqeel, CEO of ANB’s Digital Office, emphasized that the accelerator is more than a business initiative, it’s part of a broader mission to inspire innovation within Saudi Arabia’s fintech landscape.
“We’re committed to empowering entrepreneurs and providing the tools they need to thrive,” Al-Aqeel said. “This program embodies ANB’s role as a key enabler of fintech in the Kingdom and the region.”
Plug and Play’s leadership echoed this sentiment, describing ANB as a forward-thinking partner that plays a pivotal role in strengthening the fintech startup ecosystem in Saudi Arabia. “Our goal is to unlock the next wave of fintech innovation by connecting startups with the right resources, networks, and insights,” said a company representative.
The program supports Saudi Arabia’s ambitious plans under Vision 2030 to become a global fintech hub. Since its launch in 2018, the Financial Sector Development Program has been instrumental in modernizing the Kingdom’s financial system—supporting entrepreneurship, enabling private sector growth, and attracting global players.
With the launch of this accelerator, ANB and Plug and Play are planting seeds for a more dynamic, tech-driven financial future—one where Saudi startups don’t just compete globally, but lead.
