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Baraa Koshak

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Articles

Saudi Fintech Shifts Toward Infrastructure and Embedded Finance

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By Abdulaziz Saja, Hosam Arab, Baraa Koshak
| startupsmena.com
Saudi Arabia’s fintech sector is shifting from basic digitisation to a focus on infrastructure, embedded finance and cross-border interoperability, industry leaders said at Money20/20 Middle East.
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Saudi SME lending startup Abwab.ai raises $4M led by Speedinvest and MEVP

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By Baraa Koshak, Mohammad Hashem, Stefan Klestil
| startupsmena.com
Riyadh-based fintech Abwab.ai has raised $4 million in a seed round led by Speedinvest and Middle East Venture Partners (MEVP), the company announced this week at the LEAP conference in Riyadh. The startup, founded in 2023 by Baraa Koshak and Mohammad Hashem, builds AI-powered credit infrastructure for banks and other lenders and says its platform is already in use by more than 13 financial institutions and has processed over SAR 1 billion in SME loans.
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