Merak Capital Backs Bynow to Boost SME Payment Tech

News Desk - 18/09/2025

Merak Capital, a technology-focused investment firm, announced a $1.2 million investment in Bynow, a Saudi-based fintech company transforming SME payment.

Bynow is one of the region’s fastest-growing players in business-focused financial technology. Its flagship B2B Buy Now, Pay Later (BNPL) solution helps companies defer and split payments, improving cash flow management. This solution addresses a major challenge for small and medium-sized enterprises (SMEs) and mid-market businesses.

In addition to BNPL, Bynow is developing broader B2B payment solutions. The company is creating products to digitize and streamline accounts receivable and payable, processes still manual across much of the region. Its goal is to deliver digital-first tools that boost efficiency and improve trust and transparency for businesses in Saudi Arabia and the MENA region.

Focus on SME payment solutions
Automating accounts receivable and payable workflows
Building digital infrastructure for cash flow visibility

Merak Capital revealed that this investment aligns with its strategy to back fintech platforms essential to business operations. The firm believes future growth in the Kingdom’s fintech sector will be driven by scalable, reliable, and innovative platforms.

Abdulelah Alsharif, Vice President of Venture Capital at Merak Capital, said Bynow’s approach to B2B payments is about more than convenience. He noted that the company is building financial infrastructure that allows businesses to manage liquidity and modernize workflows with confidence.

Rami Suliman, CEO of Bynow, said Merak’s investment is a strong vote of confidence in its mission to modernize SME payments across Saudi Arabia and the MENA region. He added that Bynow is moving from deferred payments to a full financial operating system with embedded credit, AR/AP automation, and seamless integrations for real-time cash flow visibility.

Founded in Saudi Arabia, Bynow is contributing to Vision 2030 by advancing digital transformation in B2B payments and strengthening the Kingdom’s business ecosystem.