Tarabut Gateway
“Can MENA's first open banking aggregator become the embedded finance infrastructure layer for the region's banks and fintechs?”
Founded2017
HQManama, Bahrain / Dubai, UAE
FoundersAbdulla Almoayed
Total raised$70M
Latest roundSeries A, May 2023
IndustryInfrastructure / Open banking
The story
Founded 2017 as MENA's first regulated open banking aggregator (AISP/PISP), Tarabut built a TPP-style API connecting regional banks. The company has since broadened beyond pure AIS/PIS into 'premium APIs' — embedded finance for SME POS lending, auto financing, and BaaS infrastructure for banks. It positions itself as the open finance + embedded finance rails for MENA, working with banks and fintechs across Bahrain, UAE, and Saudi Arabia.
Product timeline
2017
Founded by Abdulla Almoayed as MENA's first open banking platform· founding
2019
Went live with API infrastructure· launch
2021
Raised $13M seed and $25M Series A· funding
2022
Became first regulated open banking platform in UAE (DFSA AIS/PIS license)· regulatory
2023
Raised $32M Series A extension; partnered with Rain for crypto on/off-ramps· funding
2025
Signed MoU with Bahrain Islamic Bank (BisB) for SME revenue-based POS financing· partnership
Regulated entities
3
regulatory licences held by Tarabut Gateway
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Tarabut Gateway’s embedded-finance stack
Payments / PSP
Tarabut Payments (self-operated, PISP)
Banking / BaaS
in the full report
Lending
in the full report
Open banking
in the full report
Accounting gap: none
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.