Merak Capital, a tech-focused investment firm, has invested $1.2 million in Bynow, a rapidly growing Saudi FinTech company that is transforming the way businesses handle payments.
Bynow has become one of the most promising financial technology companies in the region, focusing on solutions for businesses. Its main product is a B2B Buy Now, Pay Later (BNPL) service that lets companies delay and split their payments.
This gives businesses more flexibility and helps them manage their cash flow more smoothly. It is especially useful for small and medium-sized enterprises (SMEs) and mid-sized companies that often struggle with payment challenges.
Along with its BNPL service, Bynow is expanding into more B2B payment solutions. The company is creating digital tools to make important tasks like accounts receivable and payable faster and easier, since many of these processes are still done manually in the region. It aims to give businesses in Saudi Arabia and the wider MENA region modern, digital-first tools that improve efficiency while also building trust and transparency.
The investment shows Merak Capital’s strategy of supporting fintech platforms that become essential for businesses, not just optional tools. Bynow’s focus on solving a real market need fits with Merak’s view that the future of financial technology in Saudi Arabia will rely on platforms that are reliable, scalable, and innovative.
Abdulelah Alsharif, Vice President of Venture Capital at Merak Capital, said, “Bynow’s approach to solving B2B payments is not just about convenience; it is the gateway to a much wider vision that represents the company’s true value proposition. Beyond deferred payments, Bynow provides the financial flexibility and digital infrastructure that companies need to manage liquidity, modernize workflows and ultimately grow with confidence. We believe Bynow has the potential to become an integral part of how businesses operate in an increasingly digital economy, and we are proud to support them on this journey.”
Rami Suliman, CEO of Bynow commented “Merak’s investment is a strong vote of confidence in our mission to modernize B2B payments in Saudi Arabia and the wider MENA region. Deferred payments was our starting point; 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.”
Bynow, founded in Saudi Arabia, is part of the new wave of fintech companies transforming the country’s financial sector. With Vision 2030 pushing digital change across industries, Bynow aims to lead the modernization of B2B payments and help build a stronger, more reliable business ecosystem for companies of all sizes.
“We’re obsessed with execution: stronger risk models, faster payouts, and effortless reconciliation, because trust and reliability are the currency of B2B payments. With Merak as our partner, we’ll accelerate our roadmap from deferred payments to a full financial operating system for businesses: embedded credit, AR/AP automation, and seamless integrations that turn finance workflows into predictable liquidity and real-time visibility. Together, we’re scaling Bynow into a platform that modernizes B2B payments across the region, and as demand grows, we’re preparing to take Bynow global.”
Bynow is a Saudi FinTech company that is changing the way businesses handle payments. Its main product, a B2B Buy Now, Pay Later (BNPL) service, allows companies to delay and split payments, giving them more flexibility and smoother cash flow. The company is also working on new B2B payment solutions to create simple, efficient financial tools that help businesses grow with confidence.
Merak Capital is an investment firm that focuses on technology across different stages and industries. It relies on strong research and a deep understanding of digital trends to spot new opportunities in local, regional, and global markets.
The firm’s goal is to partner with entrepreneurs who are driving technological change. By supporting these innovators, Merak aims to open new markets create growth opportunities and help shape the future through innovation and entrepreneurship.
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