About Tarabut
Tarabut is a company based in Manama (Bahrain) founded in 2017 by Abdulla Almoayed. Tarabut has raised $57 million across 4 funding rounds from investors including Visa, AlJazira Capital and Pinnacle Capital. Tarabut has completed 1 acquisition, including Vyne. Tarabut operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Aion Digital and Qplatform, among others.
- Headquarter Manama, Bahrain
- Founders Abdulla Almoayed
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Information Technology Llc
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Funding Insights of Tarabut
Tarabut has successfully raised a total of $57M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $32 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $32.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Tarabut | Valuation | Pinnacle Capital | |
| Nov, 2021 | Amount | Seed - Tarabut | Valuation | Tiger Global Management |
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| Feb, 2021 | Amount | Seed - Tarabut | Valuation | Target Global |
Investors in Tarabut
Tarabut has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Visa, AlJazira Capital and Pinnacle Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Kingsway Capital is engaged in providing investment management services.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tarabut
Tarabut has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vyne.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment gateway solutions for businesses
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2018 |
Financial Statements - Tarabut
Tarabut Comparisons
Competitors of Tarabut
Tarabut operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as M2P Fintech, Prime Trust, AuthBridge, Aion Digital and Qplatform, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Provider of AI-based digital bank development platform
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| domain | founded_year | HQ Location |
Provides open banking API solutions for financial institutions.
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Frequently Asked Questions about Tarabut
Tarabut was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Tarabut is headquartered in Manama, Bahrain.
Abdulla Almoayed is the current CEO of Tarabut. They have also founded this company.
Tarabut is a funded company, having raised a total of $57M across 4 funding rounds to date. The company's 1st funding round was a Seed of $13M, raised on Jan 01, 2020.
Founded in 2017 in Manama, Bahrain, Tarabut operates within the fintech sector, focusing on open banking and embedded finance. A platform is offered that enables access to real-time financial data, supports seamless payments, and facilitates the integration of financial services into applications. Services include Banking-as-a-Service capabilities, data analytics tools, and solutions for businesses and institutions. Secure and scalable infrastructure is developed to support the open finance ecosystem across the region.
Tarabut's top competitors include M2P Fintech, AuthBridge and Prime Trust.
Tarabut has made 1 acquisition, including Vyne.
Tarabut has 12 investors. Key investors include Visa, AlJazira Capital, Pinnacle Capital, Tiger Global, and Target Global.