# Arib

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arib

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.arib.com.sa/
- Total disclosed funding: $2.3M
- Latest round: Seed (Mar 21, 2022)
- Investors on record: 1

## About

Founded in 2018, and based in Jeddah, Saudi Arabia, Arib aka Syaaraat is a fintech and digital broker for personal loans. In May 2026, Arib raised USD 23.5 million in venture funding led by Merak Capital. Other unspecified investors also participated in the round. Waleed Talaat (CEO), Omar Alhammad, and Mohamed Dessouky are the co-founders of the company.

The company's product, Syaaraat, is an all-in-one platform that provides consumers with auto financing options from different banks and financing companies. The firm's platform assists people in selecting the best auto financing options based on their credit profile and provides banks and car dealerships with new clients. Arib's partners include Al Rajhi Bank, Saudi National Bank, Riyad Bank, the French bank, Abdul Latif Jameel Finance, Development Bank, the National Bank, and Emirates NBD Bank.

The company will use the May 2026 funding to strengthen its technology infrastructure, scale operations, and develop additional financing products for individuals and businesses.

## Funding rounds

- Seed, Mar 21, 2022, $2.3M — Merak Capital

## Investors

- Merak Capital (https://capitalatlas.ai/funds/merak-capital) — Seed