Tarabut raises $32M to expand its 60% market coverage in the MENA region

 

Fintech startup Tarabut Gateway raised $32M to expand its 60% market coverage in the MENA region.   Visa and Tiger Global participated in the funding round. Tarabut Gateway is a MENA-regulated Open Banking platform that connects a regional network of banks and FinTech platforms through its universal API.  The company claims its product can help businesses secure their data flow and financial transactions with banks. Tarabut is based in Dubai, UAE. Pinnacle Capital led the funding round.