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RIYADH: Saudi digital personal loan broker Arib has raised $2.3 million in a seed round investment led by venture capital firm Merak Capital.
The fintech will use its acquired funds to meet the requirements set by the Saudi Central Bank to finalize its licensing process as well as introduce new services to its portfolio.
Founded in 2019, Arib provides its users with auto financing options to match their credit profiles and get easy access to loans.