Saudi fintech Bynow has raised USD 1.2 million in funding from Merak Capital to transform how businesses manage payments.
“Beyond deferred payments, Bynow provides the financial flexibility and digital infrastructure that companies need to manage liquidity, modernize workflows, and ultimately grow with confidence,” said Abdulelah Alsharif, Vice President of Venture Capital at Merak Capital.
Bynow: From BNPL to Full B2B Solutions
Founded in Saudi Arabia, Bynow is best known for its flagship Buy Now, Pay Later (BNPL) product for businesses, which allows companies to defer and split payments to ease cash flow challenges.
With the new investment, the company plans to expand into broader B2B payment solutions, including tools to digitize accounts receivable and payable, helping SMEs and enterprises streamline critical workflows.
Go deeper on GCC & Africa tech — $9.99/month.
Deep dives and investor insights the free digest doesn't cover.
“Our starting point was deferred payments; now we’re building infrastructure-grade rails that digitize receivables and payables end-to-end so businesses can manage cash flow with confidence and transparency,” said Rami Suliman, CEO of Bynow.
As Vision 2030 accelerates Saudi Arabia’s digital economy, Bynow aims to modernize B2B payments, a segment in MENA that still relies heavily on manual processes. By offering digital-first infrastructure, the company seeks to support a more resilient and efficient business ecosystem.
Merak Capital’s backing underscores its strategy of supporting fintech platforms that are essential to business operations, rather than consumer-focused tools.
Engagement
