Almoayed Technologies was among the investors in a seed round for the open banking API developer that was led by Target Global.

Bahrain-based open banking software supplier Tarabut Gateway received $13m in seed funding from investors including diversified conglomerate Almoayed General yesterday.

Venture capital firm Target Global led the round, which included CE Ventures, Entrée Capital, Global Ventures, Kingsway Capital, Mad’a Investment and Zamil Investment Group, while Almoayed General was represented by venture capital unit Almoayed Technologies.

Founded in 2017, Tarabut Gateway has built an open banking application programming interface (API) that enables banks and financial technology developers to provide personalised financial…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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