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Noon

Can a regional e-commerce marketplace become the dominant digital financial infrastructure for merchants and consumers across the Gulf and MENA?

Founded2017
HQDubai, UAE
IndustryMarketplace / Two-sided
The story

Founded in 2017, Noon launched as a regional e-commerce marketplace focused on UAE, KSA, and Egypt. As the platform grew, it developed noon payments as an in-house payments infrastructure to support its own needs before opening it to third-party merchants. In 2024, noon partnered with Adyen to augment its payment capabilities, signalling a strategic move to deepen fintech infrastructure for its merchant ecosystem, including SME financing programs via Khalifa Fund.

Last 12 months
2024-07
2024-01
Product timeline
2017
Noon launched as a regional e-commerce marketplace serving UAE, KSA, and Egypt.· pivot
2024
Noon partnered with Adyen to enhance payment solutions for merchants and customers across UAE, and separately partnered with Khalifa Fund to support local SMEs via Noon Payments.· banking
The stack
Payments / PSP
Adyennoon payments (self-operated)
Lending
SME financing via Noon Payments
Accounting gap: significant